The most significant insider transaction on today’s list comes in a Form 4 filed by RA Capital Management.
The hedge fund revealed a purchase of roughly $14.7 million of Dice Therapeutics $DICE, increasing its ownership stake to 16%.
Expert technical analysis of financial markets by JC Parets
by David
The most significant insider transaction on today’s list comes in a Form 4 filed by RA Capital Management.
The hedge fund revealed a purchase of roughly $14.7 million of Dice Therapeutics $DICE, increasing its ownership stake to 16%.
by JC
The S&P500 is on track to put up another terrific quarter of returns – up over 5% so far for Q1 2023.
And remember, this comes after rallying over 7% in Q4 2022.
These are very impressive results for equities, despite all the gloom and doom they’re telling your parents on the evening news.
Funny, as strong as stock market returns have been in America the past 2 quarters, European equities have been exponentially stronger.
The Euro STOXX 50 is up over 13% in Q1. And this comes after a monster quarter in Q4 last year where Europe rallied 25%.
These are some of the greatest stock market returns of all time.
Meanwhile, the glorified gossip columnists are telling you it’s a crisis.
You see the difference? [Read more…]
by David
From the Desk of Kimmy Sokoloff
Today is quarter’s end, and they surely window-dressed this week. Hey, we might even continue higher from here.
$SPY is nearing next resistance at 405, and after that is 408.
by David
Today’s most significant insider transaction report is a Form 4 filing by Ares Management, which revealed a purchase of roughly $26.4 million in Frontier Communications Parent $FYBR.
The hedge fund now owns 36 million shares, which represents an ownership stake of 14.3%.
by David
From the Desk of Kimmy Sokoloff
We’re seeing another gap up in the indices today.
I said on Monday that we could see window-dressing before quarter’s end, and that’s exactly what’s going on.
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
The market is trying to push past the 4,000 level on the $SPX.
If we can manage to hold, there’s potential up to 4,039, then 4,050.
by JC
You’re seeing the permabears pointing to the Equally-weighted S&P500 falling down towards new 52-week lows relative to the Market-cap weighted version.
You can see what’s happening here: [Read more…]