From the Desk of Steve Strazza and Alfonso Depablos
The biggest item on today’s list is a filing by Rep. Nancy Pelosi.
The former Speaker of the House bought call options in Palo Alto Networks $PANW worth between $600,000 and $1,250,000.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Steve Strazza and Alfonso Depablos
The biggest item on today’s list is a filing by Rep. Nancy Pelosi.
The former Speaker of the House bought call options in Palo Alto Networks $PANW worth between $600,000 and $1,250,000.
by JC
Remember when Apple was the most important company in the world?
Wasn’t that like just a few months ago?
How convenient that it is no longer relevant, now that the stock goes down in price every day.
Apple closed yesterday at the lowest levels since early November… [Read more…]
From the Desk of Steve Strazza @Sstrazza
Dividend Aristocrats are easily some of the most desirable investments on Wall Street. These are the names that have increased dividends for at least 25 years, providing steadily increasing income to long-term-minded shareholders.
As you can imagine, the companies making up this prestigious list are some of the most recognizable brands in the world. Coca-Cola, Walmart, and Johnson & Johnson are just a few of the household names making the cut.
Here at All Star Charts, we like to stay ahead of the curve. That’s why we’re turning our attention to the future aristocrats. In an effort to seek out the next generation of the cream-of-the-crop dividend plays, we’re curating a list of stocks that have raised their payouts every year for five to nine years.
We call them the Young Aristocrats, and the idea is that these are “stocks that pay you to make money.” Imagine if years of consistent dividend growth and high momentum and relative strength had a baby, leaving you with the best of the emerging dividend giants that are outperforming the averages.
By adding our technical analysis to the mix, the Young Aristocrat setups give you the opportunity to own the best of the market’s future blue-chip winners before they become must-own household names.
Oftentimes, the strongest performers in this universe and even the Aristocrats themselves pay relatively small dividends. This is usually because the stock appreciation makes it tough to keep up with the payout — even for companies that consistently grow their yield in the double-digits! For this reason, we don’t have a minimum threshold for the dividend. What we’re really doing here is creating a list of quality stocks based on their ability to persistently grow their shareholder return.
And maybe the best part? This list is not just designed for long-term investors. Any kind of investor or trader can use this list as it helps generate ideas across all timeframes, even the short term. Remember, some of the most important filters we use for this list are momentum, relative strength, and proximity to new highs.
From the Desk of Steve Strazza @Sstrazza
Welcome to The Minor Leaguers.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
The goal is to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via a handful of filings by Michael K. Hooks, executive chair of Malibu Boats Inc $MBUU.
Hooks reported a purchase of $535,250 on his one stock.
by JC
Small-caps have had a really hard time this year.
Almost every Small-cap sector is down since the highs in late December. That was 2 months ago.
The day the US Dollar Index bottomed was the exact day that Small-caps stopped going up in price.
That was also the same day that the US 10yr Yield bottomed.
I don’t believe that was a coincidence.
You’re welcome to.
What I see is a group of stocks struggling to make any progress. It’s hard to underperform the Small-cap indexes, but somehow Financials found a way.
Here are Small-cap Financials, which are loaded up with regional bank stocks, rolling over and making new 4-month lows relative to the Small-cap 600 Index. [Read more…]
by JC
Are you paying attention?
This market is not like the one we were in back in November.
Have you adapted to this environment?
Or are you still doing the same things you were doing 3 months ago?
Take a look at High Beta vs Low Volatility going out for the week at the lowest levels since mid-January: [Read more…]
by JC
This is the video recording of the February 2024 Mid-month Conference Call.