Today’s Hot List is a short one.
The CEO, the CFO, the general counsel and the chief people officer of WD-40 Company $WDFC all filed Form 4s reporting purchases of their own stock for a combined amount of $267,366.
Expert technical analysis of financial markets by JC Parets
by David
Today’s Hot List is a short one.
The CEO, the CFO, the general counsel and the chief people officer of WD-40 Company $WDFC all filed Form 4s reporting purchases of their own stock for a combined amount of $267,366.
by David
by JC
As it turns out, markets can remain solvent longer than you can remain irrational.
Stocks continue to catch a bid. This is despite any so-called “banking crisis” or even the “upcoming recession” that I’ve been hearing about for so long.
Markets remain solvent as the major US Large-cap Indexes keep pushing up against new highs. [Read more…]
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by David
From the Desk of Kimmy Sokoloff
$SPY hit the 415 mark and then pulled in.
And then this market limped into the close.
Tech was weak once again, and this might be a continuing theme.
by David
The most significant insider transaction on today’s list comes in a Form 4 filed by FedEx Corporation $FDX director Stephen E. Gorman.
Gorman reported a purchase of FDX stock worth $249,204.
by David
From the Desk of Kimmy Sokoloff
Bank stocks are taking off this morning after some of their earnings releases, while tech stocks seem weak again.
It seems to be the theme of the week.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
The market continues to shake off negative news as stocks react positively to incoming economic data and the Fed’s actions.
Sure, banks are still a problem, and we need to watch them closely as earnings season kicks off.
But we can only give this price action from financials so much weight as the list of bullish developments in other areas continues to grow.
Overall, there are a lot more positives than negatives right now. And this proves true when we look through our universes, such as our Inside Scoop list.
We continue to see more and more bullish setups and stocks we want to buy come across our radar.
Let’s talk about the latest now.