From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by Baker Bros Advisors LLC.
The hedge fund revealed a purchase of roughly $24 million in Madrigal Pharmaceuticals, Inc $MDGL.
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 in a Form 4 filing by Baker Bros Advisors LLC.
The hedge fund revealed a purchase of roughly $24 million in Madrigal Pharmaceuticals, Inc $MDGL.
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 JANA Partners Management LP.
The investment firm reported a purchase of $8,685,692 in Mercury Systems $MRCY.
by JC
Last night was our LIVE Mid-Month Strategy Session. It was probably one of the most important Live Conference Calls we’ve ever held.
It’s odd because we’re in the middle of a raging bull market, but it feels that almost no one is participating in it.
Just look around. Over the past 18 months people have told me how crazy I am for buying stocks. But you know, it’s been really rewarding buying stocks.
It’s the selling of stocks that has generally not worked out very well for investors.
But what do we do now, as we enter the early stages of the most bullish time of the year? [Read more…]
by JC
This is the video recording of the November 2023 Mid-month Conference Call.
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 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.
From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts
This is one of our favorite bottom-up scans: Follow the Flow.
In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a series of Form 4s filed by the chairman and CEO and two directors of B. Riley Financial $RILY.
Between the three of them they made RILY purchases worth a combined $955,293.
by JC
Technology as a sector just closed at a new all-time high.
In other words, half the Nasdaq’s weighting is at a new high. In the S&P500, Tech represents close to 1/3 of the index.
Are you going to make the bet that the one on the bottom is not going to follow the one on top? [Read more…]