The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd.
The hedge fund reported an additional purchase of $3.8 million in Impinj Inc $PI, increasing its ownership stake to 10.68%.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Sylebra Capital Ltd.
The hedge fund reported an additional purchase of $3.8 million in Impinj Inc $PI, increasing its ownership stake to 10.68%.
by David
From the Desk of Kimmy Sokoloff
The indices have been heading lower for two weeks now.
Will we have a dead-cat bounce or continue lower? That’s the question.
If they want, they can send the indices down another 5%.
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
From the Desk of Kimmy Sokoloff
August and September are not for the faint of heart.
After the release of the July FOMC minutes today the market headed straight down. I guess it wasn’t happy about the potential for more rate hikes.
The indices have had a decent pull-in since the beginning of August. We just have to be aware of a dead-cat bounce.
by David
The largest insider transaction on today’s list comes in a Form 4 filed by Boxer Capital LLC.
The investment fund reported a purchase of roughly $35 million in Mirati Therapeutics $MRTX.
by David
From the Desk of Kimmy Sokoloff
$SPY finally closed its gap down to 442.97.
There are lots of gaps below, but I was looking for this nearby gap to get filled.
Today we have the minutes from the July FOMC meeting.
by David
From the Desk of Kimmy Sokoloff
The market pretty much drifted lower all day.
It erased yesterday’s bounce, and $SPY closed to its respective gap below.
by JC
Is now the time to get long equities?
If you kept up with the headlines and what the sell side analysts have to say, you’d think it would be.
Fortunately we try to stay ahead of the curve around here.
Yesterday we discussed the recent sentiment shift among permabears, wall street analysts, hedge funds and financial media.
To add to that sentiment shift, here is the our internal sentiment composite which includes data from Individual Investors, Advisories, Active Investment Managers, Volatility and the Options Market.
As you can see last year saw some of the most pessimistic levels in history, giving us one of the greatest buying opportunities we’ve ever seen.
Today, Sentiment is at the opposite extreme: [Read more…]