The largest insider buy on today’s list is a Form 4 filing by Jan Barta of Pale Fire Capital.
Barta revealed an additional purchase of roughly $5.3 million in Groupon $GRPN as he continues to increase his position in the stock.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider buy on today’s list is a Form 4 filing by Jan Barta of Pale Fire Capital.
Barta revealed an additional purchase of roughly $5.3 million in Groupon $GRPN as he continues to increase his position in the stock.
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
This is the video recording of our May 25, 2022, Inside Scoop Weekly Strategy Session.
by David
Yesterday, Nelson Peltz’s Trian Fund Management filed a 13D revealing the purchase of an additional 16 million shares of the fast food chain, Wendy’s $WEN.
This brings Trian’s total interest to just shy of 20%.
Buried in the footnotes of the filing, Trian also disclosed that it advised the board of directors it’s exploring a potential transaction.
by JC
I heard a good one this morning:
Where do Traders go for Drinks?
An Outside Bar!
haha
Hat tip to Sean for that one.
Anyway, how are you enjoying what is historically the worst part of the 4-year cycle? [Read more…]
by David
The largest insider transaction on today’s list is a Form 4 filing by Winder Investment, which reported an additional $1.8 million purchase in Sensient Technologies $SXT.
The firm now owns more than 6 million shares, representing a 12.4% ownership interest in the specialty chemicals stock.
As the market continues to churn sideways, certain stocks are putting their head out of the water and making a move.
Today we’re looking at a Fertilizer stock that looks interesting.
We retired our “Five Bull Market Barometers” in 2020 to make room for a new weekly post that’s focused on the three most important charts for the week ahead.
This is that post, so let’s jump into this week’s edition.