The most significant transaction on today’s list comes in a Form 4 from Diversified Healthcare Trust director Adam Portnoy.
Portnoy revealed a purchase of $14.7 million in DHC.
Expert technical analysis of financial markets by JC Parets
by David
The most significant transaction on today’s list comes in a Form 4 from Diversified Healthcare Trust director Adam Portnoy.
Portnoy revealed a purchase of $14.7 million in DHC.
by David
The most significant transaction on today’s list comes in a Form 4 filing by Thomas W. Warsop III, president and chief executive officer of ACI Worldwide Inc $ACIW.
Warsop revealed the acquisition of 43,000 shares of ACIW, equivalent to $1 million.
by David
The largest insider buy on today’s list comes in a Form 4 filing by the executive vice president and chief people officer of Stericycle $SRCL.
That purchase was worth $308,618.
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
This is the video recording of the June 7, 2023, Hot Corner Insider Weekly Strategy Session.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Diversified Healthcare Trust $DHC director Adam Portnoy.
Portnoy reported a purchase of $9.8 million in the small-cap health care REIT.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Artal Group SA.
The firm reported a purchase of 27,775,050 shares, equivalent to $72.2 million in Lexicon Pharmaceuticals, Inc. $LXRX.
From the Desk of Steve Strazza @Sstrazza
Welcome to The Minor Leaguers.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
But, instead of all-time highs, we’re sorting by 52-week highs these days, as we don’t want to discriminate against energy or other cyclical stocks.
The goal is still to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.