Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Perceptive Advisors.
Expert technical analysis of financial markets by JC Parets
by David
Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Perceptive Advisors.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
With earnings season underway, financials are making a statement this week.
The first few weeks of reporting are always heavy with banks and financial stocks. As these are the market laggards, we knew we would get some critical information from their earnings reactions.
While it hasn’t been fireworks to the upside by any means, there also hasn’t been much downside from these stocks.
It is never a bad thing if the bears can’t take down the weakest stocks. That’s what is going on right now.
Meanwhile, more and more bullish setups keep crossing our desk. It’s all very constructive.
Let’s talk about two we like right now.
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. 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.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management.
Cormorant revealed an additional purchase of $58 million in Ambrx Biopharma $AMAM.
by David
Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Redmile Group.
From the desk of Steve Strazza @Sstrazza
Monday night we held our March Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
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 the April 19, 2023, Inside Scoop Weekly Strategy Session.