The largest insider transaction on today’s Hot List is a Form 4 filing by Samuel Cowley, general counsel and secretary of Insight Enterprises $NSIT.
Cowley reported a purchase of $853,065 in NSIT.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider transaction on today’s Hot List is a Form 4 filing by Samuel Cowley, general counsel and secretary of Insight Enterprises $NSIT.
Cowley reported a purchase of $853,065 in NSIT.
by David
From the Desk of Kimmy Sokoloff
The market is jittery this morning as we await more economic data, more importantly inflation data.
In January, Fridays were very strong. In February, Fridays have overall traded higher but very lackluster.
by JC
Wall Street analysts keep raising their estimates.
This, of course, is happening as the prices of these stocks keep on going up.
This is classic behavior for bull markets.
You can see the revisions trend rising as the price of the S&P500 keeps heading higher: [Read more…]
by David
From the Desk of Kimmy Sokoloff
This morning the market popped.
Then it faded most of the day until about 1:00 p.m. ET, when the rally started, right off of support.
$SPY dipped below 396.76, and then it bounced from there.
by David
The most significant insider transaction on today’s Hot List is a Form 4 filing by Mark J. Erceg, the CFO of Newell Brands Inc $NWL.
Erceg reported a purchase of $999,833 in NWL.
by David
From the Desk of Kimmy Sokoloff
As I write this note, the only reason the market is up is because of $NVDA’s earnings.
We have GDP today, and that might change the tune. Hopefully, we continue to hold $SPY 400.
From the Desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as “a market of stocks.”
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions. But there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club.
We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
From the Desk of Kimmy Sokoloff
$SPY struggled all day to stay above the 400 level.
Now we have support at 396.76. If we break that, we can see 393.20.