From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes in a Form 4 filing by Artal Group.
The firm reported a purchase of $15 million in Scholar Rock Holding Corporation $SRRK.
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 Artal Group.
The firm reported a purchase of $15 million in Scholar Rock Holding Corporation $SRRK.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on the list comes in a Form 4 filing by Working Capital Advisors (UK) Ltd.
The investment advisory firm revealed a purchase of $166,774 in Funko Inc $FNKO.
From the desk of Steve Strazza @Sstrazza
Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.
We’ve also sprinkled in some of the largest ADRs from countries that did not make the market cap cut.
These stocks range from some well-known mega-cap multinationals such as Toyota Motor and Royal Dutch Shell to some large-cap global disruptors such as Sea Ltd and Shopify.
It’s got all the big names and more–but only those that are based outside the US. You can find all the largest US stocks on our original Hall of Famers list.
The beauty of these scans is really in their simplicity.
We take the largest names each week and then apply technical filters in a way that the strongest stocks with the most momentum rise to the top.
Based on the market environment, we can also flip the scan on its head and filter for weakness.
Let’s dive in and take a look at some of the most important stocks from around the world.
by David
From the Desk of Steve Strazza and Alfonso Depablos
Today’s Hot Corner is another short one.
The largest insider buy on the list comes in a Form 4 filing by Randall J. Weisenburger, independent director of Carnival Corporation & plc $CCL.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Markets have been able to stage a significant rebound off the lows from last week.
After some massive bullish engulfing candles Friday, the major averages – led by mega-cap growth stocks, have exhibited strong follow-through to start the week.
That changed a little today as markets gave back some gains as the dollar and rates ticked higher.
The bottom line is there is still work to do. While stocks appear to have found a tradable low, that doesn’t tell us much about where we go from here.
If the dollar and rates hold current levels, things are likely to remain messy.
However, even under this scenario, we think there will be some big winners as we march forward to the end of the year. And all indications from the market suggest most of those winners will be from the tech and growth space.
Let’s outline some of our favorites right here, right now.
by David
From the Desk of Steve Strazza and Alfonso Depablos
Today’s Hot Corner is a short one.
The largest insider buy on today’s list comes in a Form 4 filing by David Naemura, CFO of Neogen Corporation $NEOG.
by David
This is the video recording of the October 11, 2023, Hot Corner Insider Weekly Strategy Session.
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.