The largest insider transaction on today’s list is a Form 4 filed by Wayne P. Rothbaum, the president of Quogue Capital LLC.
The investment firm revealed a purchase worth $65 million in Iovance Biotherapeutics $IOVA.
Expert technical analysis of financial markets by JC Parets
by David
The largest insider transaction on today’s list is a Form 4 filed by Wayne P. Rothbaum, the president of Quogue Capital LLC.
The investment firm revealed a purchase worth $65 million in Iovance Biotherapeutics $IOVA.
From the desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that which you can check out here.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
by David
The largest insider buy on today’s list is a Form 4 filing by Vishay Precision Group $VPG Director Wes Cummins.
Cummins revealed a purchase of VPG worth $802,067.
From the Desk of Steve Strazza @Sstrazza
As our Premium Members already know, we have a laundry list of scans that we run internally on an almost daily basis.
Different market environments, naturally, are more conducive to certain scans and less so to others.
We think our “Freshly Squeezed” scan is perfect for the current market. With so many individual issues in massive drawdowns as the broader market begins to turn a corner, there are going to be some serious short-covering rallies in some of the most beaten-down names.
In fact, it’s already starting to happen. Infamous meme stock, AMC Entertainment $AMC was up 25% at its highs today (not on a closing basis).
Our scan is quite simple. It is designed to identify stocks with heavy short positions. When a stock is heavily shorted, it means there are natural incremental buyers. Bulls need incremental buyers, as this is the only way price can move higher. When shorts are proven wrong, they have to buy their shares back to close out their position.
We pair this short-interest data with short-term momentum overlays, as this is the match that is needed to spark a short squeeze.
So without further adieu, let’s take a look at what’s popping up on our radar right now and outline setups in some stocks we think investors can squeeze profits out of in the weeks and months ahead.
by David
The CEO, the CFO, and the chief technology officer of Hillman Solutions Corp $HLMN all filed Form 4s reporting insider buys.
The three C-suite offers combined bought $1.5 million worth of HLMN shares.
by Ian Culley
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.
But we also highlight lagging stocks on a recurring basis.
by David
This is the video recording of our November 30, 2022, Inside Scoop Weekly Strategy Session.
by David
The largest insider transaction on today’s list is a Form 4 filing by General Atlantic LP.
The hedge fund reported an additional purchase worth roughly $7 million in HireRight Holdings Corp $HRT.