Stocks Archives - Page 73 of 564

SOFI’s CEO and CFO Report Insider Buys

November 10, 2023 by David

From the Desk of Steve Strazza and Alfonso Depablos

Today’s most significant insider transactions are Form 4 filings by both the CEO and the CFO of SoFi Technologies $SOFI.

Together the two executives bought SOFI shares worth a total of $398,260.

[Read more…]

Breaking the Mold of Home Country Bias

November 9, 2023 by Louis Sykes

From the desk of Louis Sykes @haumicharts

For the longest time, investors in the United States have been rewarded for their home country bias and their overexposure to large-caps and growth stocks.

The secular trend of underperformance from international equities relative to the United States commenced over 15 years ago. Many investors have simply never seen stocks outside the US outperform over any material timeframe.

It’s not a matter of impossibility; rather, our recency bias tends to mistake unfamiliarity for the extraordinary.

A regime of sustained value outperformance isn’t isolated to the realm of fantasy. It was only last year that holding growth over value was nothing short of opportunity cost, while international equities outpaced their US counterparts through Q4 and into the new year.

Recently, Meb Faber joined us on the morning show, where he discussed the topic of international investing. He argued that this is the best time in history to make the value trade, both domestically and internationally.

While there is still plenty of work to be done before we want to favor international equities, it’s a scenario we’d be foolish not to prepare for.

[Read more…]

Junior Hall of Famers (11-09-2023)

November 9, 2023 by Alfonso Depablos

From the Desk of Steve Strazza @Sstrazza

We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.

However, when it comes to our latest project, it couldn’t be any simpler!

With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.

Welcome to The Junior Hall of Famers.

This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.

There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if the price is rising. That’s good enough for us.

The bottom line is it is a bull market. We want as many vehicles and options to express our bullish thesis as possible. This is a good way to do just that.

Let’s dive right in and check out what these future big boys are up to.

[Read more…]

2 to 100 Club (11-09-2023)

November 9, 2023 by Alfonso Depablos

From the Desk of Steve Strazza @Sstrazza

Welcome to The 2 to 100 Club.

As many of you know, something we’ve been working on internally is using various bottom-up tools and scans to complement our top-down approach.

It’s really been working for us!

One way we’re doing this is by identifying 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.

[Read more…]