From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by VA Partners LLC.
The investment firm bought 428,000 shares of Salesforce Inc $CRM, equivalent to $99.7 million.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by VA Partners LLC.
The investment firm bought 428,000 shares of Salesforce Inc $CRM, equivalent to $99.7 million.
by JC
Years ago my friend Howard Lindzon calls me and says, “JC we need to find the next $100 Billion company”.
And of course I respond with, “Hell yea we do!”
“But wait. How do we do that?”
He laughed and told me to get with my team of analysts and figure it out.
So we did.
We reversed engineered what it would take for a company to be able to scale to $100 Billion in market capitalization. [Read more…]
From the Desk of Steve Strazza @Sstrazza
Welcome to The 2 to 100 Club.
As most of you know, we use 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 the June 5 , 2024, Hot Corner Insider Weekly Strategy Session.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by Norfolk Southern Corporation $NSC director Sameh Fahmi.
Fahmi reported the acquisition of 2,000 shares of NSC, equivalent to $444,355.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by the founder and CEO of Life Time Group Holdings Inc $LTH, Bahram Akradi.
Akradi bought 39,000 shares of LTH, equivalent to $653,507.
by JC
Next week marks the 2-year anniversary of this Bull Market for stocks.
As we’ve mentioned many times, the S&P500 didn’t bottom out until October of 2022. But it was already a bull market at that point.
The bottom for the prior bear market was in June of 2022. That’s when the majority of stocks bottomed.
By the time the S&P500 hit its final low in October, there weren’t many stocks at all left going down. Most of them had already been making higher lows and higher highs.
Coming into this year, we made our list of the most important groups of stocks that were already exceeding the prior cycle’s highs.
The thought process was that if these groups were above their late 2021-early 2022 highs, then any correction in stocks, whether through time or through price, would be just that – only a correction, but within the context of an ongoing bull market.
We called them our “Fab 5”. [Read more…]
by JC
This is the video recording of our June 3rd Monthly Charts Live Strategy Session