Expert technical analysis of financial markets by JC Parets
This $NVDA earnings release on Wednesday gives Wall Street a look inside the largest component of America’s most important industry.
Thousands of Traders have already signed up and downloaded our Special $NVDA Earnings Preview.
You guys know me. I don’t normally overreact when it comes to quarterly earnings. [Read more…]
From the Desk of Steve Strazza @Sstrazza
Welcome to The Minor Leaguers.
We’ve had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
And it doesn’t have to be a Russell component — it can be any US-listed equity. With participation expanding around the globe, we want all those ADRs in our universe.
The same price and liquidity filters are applied. Then, as always, we sort by proximity to new highs in order to focus on the best players.
The goal is to catch the strongest names while they’re small and have serious upside potential. If any of these stocks ever climb the ranks to the big leagues, the returns could be huge.
We’re looking at up to 10x moves just to break into large-cap land!
Let’s dive into this week’s report and see what’s happening in some of the hottest stocks in the Minor Leagues.
We’re seeing stocks go up.
In bull markets, that actually happens quite often.
We just saw new all-time highs in the Dow Jones Industrial Average, S&P500 (market-cap weighted), S&P500 (equally-weighted), NYSE Composite Index, NYSE Advance-Decline and so much more. Check that out here.
But it’s not just a U.S. thing. Look at all the other countries around the world.
This table below shows all the ACWI markets and where their prices are relative to various moving averages – ranging from short-term (10-day) up to long-term (200-day).
Notice how all the developed markets are above all of their moving averages, no matter how short-term or long-term they are: [Read more…]
It’s a big week for Semiconductors.
Nvidia, the largest of all of them by far, reports their earnings this Wednesday 8/28.
We’re hosting a LIVE stream starting at 3:45PM ET Wednesday as we monitor the market’s reaction to what is probably the most important earnings report of the quarter.
In fact, we think this earnings release is so important, that we put together a FREE Nvidia Earnings Preview to get you prepared for Wednesday’s big event.
Again, to be clear, we’re not so much interested in the numbers themselves (i.e. Revenues, EPS, etc), but it’s actually how the market reacts to those earnings that we’re most focused on.
And we want you to be prepared.
You can download our NVDA Earnings Preview here.
But it’s not just NVDA that’s on the move.
And it’s not just American Semiconductors that are on our radar.
Take a look at this… [Read more…]
This is the weekly post that aggregates all the charts we put together throughout the week and organizes them all into one, easy to flip through deck.
Imagine waking up every day trying to make up reasons for why it’s bearish when the Equally-weighted S&P500 is making new all-time highs?
There are people out there who are purposely going out of their way to blatantly lie to people about how historically bearish it is when market breadth is expanding, and more and more stocks are making new highs.
It’s like a weird fetish or something. These people need help.
Here’s what they’re so angry about and why they think the market is about to fall apart: [Read more…]
From the desk of Steve Strazza @Sstrazza
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.
