Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Perceptive Advisors.
Expert technical analysis of financial markets by JC Parets
by David
Today’s Hot List is a short one.
The most significant insider transaction is a 13D filed by Perceptive Advisors.
by David
From the Desk of Kimmy Sokoloff
We have a big week ahead of us as far as earnings go.
The indices have been holding on for the past two weeks, but we’ve barely gone anywhere.
by JC
You want to talk about trends?
The biggest trend I see is that stocks keep going up in price, but investors are more pessimistic than ever.
I don’t understand…
What are people so angry about? Why are they so scared?
Barron’s latest Big Money poll shows that out of the 130 managers polled only 6% of their clients were bullish.
lol 6%? [Read more…]
by David
From the Desk of Kimmy Sokoloff
Today was monthly options expiration, and it was slim pickings.
Fridays are always hard to trade, as you can see below: not much movement.
From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
With earnings season underway, financials are making a statement this week.
The first few weeks of reporting are always heavy with banks and financial stocks. As these are the market laggards, we knew we would get some critical information from their earnings reactions.
While it hasn’t been fireworks to the upside by any means, there also hasn’t been much downside from these stocks.
It is never a bad thing if the bears can’t take down the weakest stocks. That’s what is going on right now.
Meanwhile, more and more bullish setups keep crossing our desk. It’s all very constructive.
Let’s talk about two we like right now.
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. 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.
by David
The largest insider buy on today’s list comes in a Form 4 filing by Cormorant Asset Management.
Cormorant revealed an additional purchase of $58 million in Ambrx Biopharma $AMAM.
by David
From the Desk of Kimmy Sokoloff
What a week, though we’ve been pretty much range-bound.
Yesterday we started to dip in the late afternoon.