On Thursday, we mentioned the purchase made by the CEO of Asana $ASAN, Dustin Moskovitz, of $350 million of ASAN stock through a private placement.
Moskovitz has completed the Form 4 filing.
Expert technical analysis of financial markets by JC Parets
by David
On Thursday, we mentioned the purchase made by the CEO of Asana $ASAN, Dustin Moskovitz, of $350 million of ASAN stock through a private placement.
Moskovitz has completed the Form 4 filing.
From the Desk of Steve Strazza @Sstrazza
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. You can click here to check it out.
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.
From the Desk of Steve Strazza @Sstrazza
With stocks posting a broad rally this week, we found a handful of names from our Inside Scoop universe that are on the verge of breaking out from bullish chart patterns.
As we discussed on Wednesday’s call, even the leaders are struggling to hold new highs lately.
For this reason, we want to be patient with these setups and be prepared for false starts.
With that said, these are some of the strongest names from the strongest industry groups right now.
If the market is kicking off a fresh rally, these are the kinds of stocks we expect to lead it.
From the Desk of Steve Strazza @Sstrazza
We held our September Monthly Strategy Session Tuesday night. Premium Members can click here to watch the recording and review the chartbook.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends.
This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
by David
The largest insider transaction on today’s list is a Form 4 filing by Loews Corp.
The New York City-based investment conglomerate reported a purchase of roughly $5.7 million in CNA Financial Corp $CNA.
by David
The big insider transaction everyone is talking about this morning isn’t on our list, as there hasn’t been a filing yet.
Last night, during the Asana $ASAN earnings call, the company announced that its founder, Dustin Moskovitz, will be purchasing another $350 million worth of stock via a private placement.
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
This is the video recording of our September 7, 2022, Inside Scoop Weekly Strategy Session.