From the desk of Steve Strazza @Sstrazza.
Welcome back to our “latest Under The Hood” column for the week ending February 5, 2021. As a reminder, this column will be published bi-weekly moving forward, and rotated on-and-off with our new Minor Leaguers column.
In this column, we 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.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers… there is a lot of overlap.
The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we’re producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.
Equity market participation continues to expand at the index, sector, and industry level in the US as well as abroad.
Just about every major average went out at fresh all-time highs this week as the stock market continues to fire on all cylinders.
This makes our job a delight as we have plenty of favorable long setups to choose from.
“Under The Hood” is a value-add for investors of all varieties as we express our bullish thesis through a myriad of different types of stocks.
Speaking of which… Here’s this week’s list of hot stocks:
Click table to enlarge view.
Let’s dive right in and see what all the buzz is about in these names.
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