From the Desk of Kimmy Sokoloff
It’s just like Tuesday…
With PPI coming up at 8:30 a.m. ET, I’m going to hold off on sharing ideas until I see how the market reacts.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
It’s just like Tuesday…
With PPI coming up at 8:30 a.m. ET, I’m going to hold off on sharing ideas until I see how the market reacts.
From the Desk of Steve Strazza @Sstrazza
Welcome to the 2 to 100 Club.
As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach. It’s really been working for us!
One way we’re doing this is by identifying the strongest growth stocks as they climb the market-cap ladder from small- to mid- to large- and, ultimately, to mega-cap status (over $200B).
Once they graduate from small-cap to mid-cap status (over $2B), they come on our radar. Likewise, when they surpass the roughly $30B mark, they roll off our list.
But the scan doesn’t just end there.
We only want to look at the strongest growth industries in the market, as that is typically where these potential 50-baggers come from.
Some of the best performers in recent decades – stocks like Priceline, Amazon, Netflix, Salesforce, and myriad others – would have been on this list at some point during their journey to becoming the market behemoths they are today.
When you look at the stocks in our table, you’ll notice we’re only focused on Technology and Growth industry groups such as Software, Semiconductors, Online Retail, Solar, etc.
Then, like any good technician, we filter the list down to those closest to new highs
This allows the cream of these strong groups to rise to the top and helps streamline our mission to identify technical breakouts in the top-performing stocks.
by David
From the Desk of Kimmy Sokoloff
What a day…
$SPY came close to the 415 level I mentioned this morning and then traded below 410.
The recovery was quick due to tech bouncing.
by David
The largest insider transaction on today’s Hot List is a Form 4 filing by Enviva Inc $EVA director John Bumgarner Jr.
Bumgarner reported a purchase worth roughly $1.8 million in EVA.
by David
From the Desk of Kimmy Sokoloff
CPI data for April will be released at 8:30 a.m. ET.
I’ll hold off on ideas until I see how the market reacts.
by David
This is the video recording of the May 10, 2023, Inside Scoop Weekly Strategy Session.
by David
From the Desk of Kimmy Sokoloff
The market was in a standstill today, awaiting the CPI print on Wednesday.
The indices held on.
Tomorrow might give a clearer picture near term.
by JC
The weakness in Small-caps has been well documented by now.
Look at the performance since the beginning of 2022.
While the Dow, S&P500 and other major indexes are pushing up near 52-week highs, the Russell2000 is down near 52-week lows. [Read more…]