From the Desk of Kimmy Sokoloff
First and foremost, a very Happy Thanksgiving to all.
The bull flag pattern I’ve spoken about is in the process of breaking out. If this continues, this market can head toward $SPX 4,020.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
First and foremost, a very Happy Thanksgiving to all.
The bull flag pattern I’ve spoken about is in the process of breaking out. If this continues, this market can head toward $SPX 4,020.
by David
From the Desk of Kimmy Sokoloff
The market chopped around the fist half of the day and rallied into the close.
It’s still coiling for a bigger move, I’d like to think.
[Read more…]
by JC
This doesn’t have to be complicated.
Is the list of stocks and sectors in uptrends getting longer or is it getting shorter?
Are we seeing more stocks breaking down to new lows, or fewer?
If you can count, then you know the answer.
The question is, are you even willing to count? [Read more…]
by David
The largest insider transaction on today’s list is a $17.9 million purchase by Patrick G. Ryan, the CEO of Ryan Specialty Group Holdings $RYAN.
Ryan is a titan of the insurance industry, as he formerly founded and served as chairman and CEO of Aon Insurance $AON for over 40 years.
by David
From the Desk of Kimmy Sokoloff
To me, this market is coiling for the next big move.
As I’ve mentioned, if we continue to hold $SPX 3,934, there’s potential up to SPX 4,020. Until then, this market is very choppy.
This week we’re looking at the outperforming PSU Bank stock.
by JC
This is the video recording of the November 2022 Mid-month Conference Call.
We discussed:
From the desk of Steve Strazza @Sstrazza
Welcome to our latest Minor Leaguers report.
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, 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.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.
The goal is still 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.