From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via a Form 4 filing by Jared Isaacman, founder and CEO of Shift4 Payments Inc $FOUR.
Isaacman reported a FOUR purchase of approximately $5.7 million.
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 via a Form 4 filing by Jared Isaacman, founder and CEO of Shift4 Payments Inc $FOUR.
Isaacman reported a FOUR purchase of approximately $5.7 million.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via two Form 4 filings by Bleichroeder LP.
The hedge fund bought 800,000 shares of CompoSecure Inc. $CMPO for a total of $5.2 million.
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the two weeks ended May 10, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
by David
From the Desk of Steve Strazza and Alfonso Depablos
The largest insider buy on today’s list comes via two Form 4 filings by Coliseum Capital Partners.
The hedge fund reported a purchase of $908,675 in MasterCraft Boat Holdings $MCFT.
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
The largest insider buy on today’s list comes via two Form 4 filings by James Gorman, executive chairman of Morgan Stanley and director of The Walt Disney Company $DIS.
Gorman bought 20,000 DIS shares, equivalent to $2.1 million.
From the Desk of Steve Strazza @Sstrazza
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to our latest project, it couldn’t be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to The Junior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That’s good enough for us.
The bottom line is it is a bull market. We want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.
Let’s dive right in and check out what these future big boys are up to.
From the Desk of Alfonso Depablos @AlfCharts
As equity markets continue to repair the damage from April’s correction, we continue to find more and more stocks — and groups of stocks — that we want to be buying.
A growing number of those groups are coming from the financial sector.
Financials have made a comeback in the last week as a handful of financial indexes and individual issues are reclaiming their prior-cycle highs.
The relative trends are improving as well, with the large cap sector SPDR $XLF hitting new 52-week highs versus the S&P 500 recently.
When we think about the strongest stocks within financials, asset management and capital market stocks are top of mind.
In today’s post, we will dive in and outline some of our favorite charts in the space.
Before we do that, here’s the SPDR S&P Capital Markets ETF $KCE pressing against its former highs from 2021: