From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via a handful of filings by Maplebear Inc $CART director Ravi Gupta.
Gupta reported a total purchase of $57 million in CART.
Expert technical analysis of financial markets by JC Parets
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 Maplebear Inc $CART director Ravi Gupta.
Gupta reported a total purchase of $57 million in CART.
From the Desk of Steve Strazza @Sstrazza
Welcome to The Junior International Hall of Famers.
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US-listed international stocks, or ADRs.
This scan is composed of the next 100 largest stocks by market cap, those that come after the top 100 and are thus covered by the International Hall of Famers universe.
Many of these names will someday graduate and join our original International Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
Let’s dive right in and check out what these future big boys are up to.
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 Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via a handful of filings by the CEO and chairman of OPKO Health $OPK, Phillip Frost.
Frost reported a total purchase of 1,000,000 OPK shares, equivalent to $991,700.
by JC
The volatility in stocks continues as 2024 progresses.
Have you noticed how different this market is vs the one we were in throughout November and December?
The swings are getting wider, and they’re coming in both directions.
Just yesterday, the Nasdaq hit new lows not seen since January.
Meanwhile, there isn’t a single small-cap sector that is above its December highs.
There’s still a lot of work that stocks need to do to dig them out of this hole. [Read more…]
by David
This is the video recording of the February 21, 2024, Hot Corner Insider Weekly Strategy Session.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by Keith Crandell, the co-founder and a managing director of ARCH Venture Partners.
ARCH Venture Partners just bought 3,200,000 shares of Prime Medicine Inc $PRME, equivalent to $20 million.
by JC
Back in the late 1800s, Charlie Dow was a journalist in Springfield Massachusetts.
His job was to write about the stock market. But when he would go knocking on doors asking companies questions, they would tell him, “Our business is none of your business”.
So how could poor Charlie do his job then?
Well, he concluded that there was a better way to do this.
He recognized that there were a select group of stocks that, “Made the goods”, and he called those the Industrials.
And then there was the group of companies that, “Delivered those goods”. At the time, they were the Railroads.
If one of these groups of stocks were going up in price, and so was the other group, then things are moving in a positive direction together. Those were good signs for the market.
It was specifically when one of those groups were rising, but the other one wasn’t, that something was likely wrong.
And boy was he right. [Read more…]