In today’s Daily Digest, we’ll review the following:
- New position in KRE.
- No adjustments are needed today.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in!
Berkshire Hits $1 Trillion Valuation
I just want to give Warren Buffett a huge shoutout.
Officially, Berkshire Hathaway is now worth over $1 Trillion.
The only companies that are still worth more than Berkshire right now are Apple, Microsoft, Alphabet, Meta, Amazon and Nvidia.
Check out our LIVE Nvidia Earnings Reaction Replay here.
But that’s it. Berkshire is officially the 7th largest company at over $1 Trillion in valuation.
Here’s how the market-cap of Berkshire has grown over the years. [Read more…]
[Options] Exit Plan for NVDA Earnings Play
Hey everyone. If you caught our livestream this afternoon at the close, you saw the earnings trade I put on for $NVDA using options.
If you didn’t watch us live, then you missed the trade, and it’s too late now. No biggie. You can skip the rest of the note.
If you did watch, and either you’re watching from the sidelines and interested in how it plays out, or you did take the trade, read on. We’ll discuss how I’m going to handle the exit tomorrow morning. [Read more…]
This REIT Is Ready To Squeeze
From the Desk of Steve Strazza @Sstrazza
Investors continue to be rewarded for owning Real Estate stocks.
Over 90% of Real Estate stocks in the S&P 500 are above their 50-day and 200-day moving averages.
Earlier this month, we wrote about the best setups in the Real Estate Sector, and 9 out of the 10 trade ideas have been profitable.
The market’s message could not be clearer… buy more real estate!
Because of this, we were extra excited about a new name on our Freshly Squeezed list this week.
Short sellers have piled into Douglas Emmett $DEI, a $2.7B Office REIT company, and we’re betting they’re about to be forced to unwind their positions, causing an epic squeeze.
Before we get into it, let’s talk about what we’re doing here.
Gold Rush Video (08-28-2024)
In today’s Gold Rush video, we discussed our outlook for a new secular bull market in the yellow metal.
We also covered Commitment of Traders positioning, mining stocks, and much more.
We dug into our latest blog post as well, providing some much-needed color.
We covered Gold vs. Commodities, the best risk/reward setups in precious metals stocks, and more.
Finding The Next Nvidia
We just saw the most important company in the world drop what is arguably the most important earnings release in market history.
And right after the release, it was a complete nothing burger.
I said it before and I’ll say it again. That’s the best case scenario for investors. And it paid to sell into the hype.
Here is a LIVE video we put together today discussing the importance of this release, and more importantly talking what we’re doing about it!
The answer? We’re zigging while everyone else is zagging.
We were coming in selling into the hype. Here was the 14-point expectation that the market was pricing in. [Read more…]
[Options P2P] Daily Digest 8/28/24
In today’s Daily Digest, we’ll review the following:
- New position in XLC.
- No adjustments are needed today.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in!
2 to 100 Club (08-28-2024)
From the Desk of Steve Strazza @Sstrazza
Welcome to The 2 to 100 Club.
In this scan, we look to identify 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.
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