The largest insider buy on today's list comes in a Form 4 filing by Ben Tisch, senior vice president of corporate development and strategy at Loews Corporation $L.

Tisch reported a purchase of 330,000 shares, equivalent to $18,781,400.

From the Desk of Kimmy Sokoloff

The S&P 500 almost touched the 4,300 mark, and we're becoming a tad bit extended.

A lot of names that have been dead wood finally started to come to life on Friday.

We'll see if that continues.

Thursday morning I was in New York City chatting with Maria Bartiromo about the ongoing Bull Market in Stocks.

Maria and I have been talking about this topic pretty regularly since she looked at me like I was crazy last October.

A lot has happened since then as both the Nasdaq and S&P500 just closed out back to back months at the highest levels in a year.

The market got the sector rotation it needed as we entered 2023.

And now we're looking for that rotation back into those original leading sectors off the lows last summer.

I believe we already started to see it get going right after we finished up our conversation Thursday morning.

Here's the interview in full:

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 which you can check out here.

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.

Here’s this week’s list:

Last year they would complain that the biggest growth stocks were not participating in the stock market rally.

This year they're complaining that the biggest growth stocks are participating too much in the stock market rally.

It's quite obvious that people just like to complain.

We've already addressed the fact that this is perfectly normal, healthy sector rotation, and NOT a weakening breadth issue.

See here.

Periods of concentrated leadership do not necessarily mean widespread distribution.

Besides, it hasn't just been 5 stocks that have been going up. Or 7 stocks, or even 10.

A lot of stocks, in both the U.S. and around the world, have already been going up for some time.

In fact, the All Country World Index just went out at new 52-week highs:

From the Desk of Kimmy Sokoloff

The S&P 500 is nearing the 4,300 level -- June is starting out very strong.

The question is, will it last?

I'll trade the ideas and stick to certain themes I have.

Always remember, shorts are VERY hard. Most should never short. Know your risk.

The largest insider buy on today's list comes in a Form 4 filing by Grocery Outlet Holding Corp $GO director Erik D. Ragatz.

Ragatz revealed the purchase of 70,000 shares of GO.

From the Desk of Kimmy Sokoloff

It was a short week in the market, and the indices are making new highs this morning.

The past few Fridays have been bullish, so we'll see if we hold these pre-market gains.

From the Desk of Kimmy Sokoloff

Wow, what a way to start the month of June.

The market was full speed ahead.

The largest insider buy on today's list comes in a Form 4 filing by CNX Resources Corporation $CNX director Bernard Lanigan Jr.

Lanigan revealed a purchase of 137,835 shares of CNX.

From the Desk of Kimmy Sokoloff

Happy June! Welcome summer!

The market as of now is a little mute after the signing of the debt ceiling deal.

$SPY held support yesterday at 416.70.

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 The Hall of Famers, The 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.

Welcome to The Short Report.