Expert technical analysis of financial markets by JC Parets
by David
It didn’t even last a week!
The Elon and Twitter $TWTR team-up is over before it ever got started.
In a tweet last night, Twitter CEO Parag Agrawal announced that Elon had rejected the company’s offer to join the board.
The two will not be working together for now, at least not in a friendly way.
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, which you can check out here.
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 transaction on today’s list is a Form 4 filing by Durable Capital Partners LP.
After disclosing a purchase of roughly $25 million in Duolingo Inc $DUOL, the firm now owns 9% of the language-learning platform.
by Ian Culley
From the desk of Steven Strazza @Sstrazza and Ian Culley @Ianculley
Benchmark yields have moved in a vertical line higher since the beginning of March. This isn’t just the case in the US; we’re seeing similar action all across the globe.
But as rates rally higher and higher, more and more classic intermarket relationships are failing to confirm the move.
Yes, commodities and commodity-related stocks remain resilient, and bonds are an absolute dumpster fire.
Most other assets we would expect to do well in a rising rate environment simply aren’t. This is especially true for the banks!
Meanwhile, those groups that we’d expect to underperform in this kind of environment, such as utilities and other defensive stocks, are actually outperforming.
All of this speaks to risk-aversion, not risk-seeking behavior.
Let’s take a look at some of our favorite intermarket ratios and put these bearish divergences into perspective.
by David
It’s been a wild few weeks of insider activity.
Today, we have another big splash, brought to us by Warren Buffett’s Berkshire Hathaway $BRK.A.
The investment conglomerate filed both a Form 3 and a Form 4 last night, revealing a brand new position worth roughly $4.2 billion in HP Inc $HPQ.
From the desk of Steve Strazza @Sstrazza
When investing in the stock market, we always want to approach it as a market of stocks.
Regardless of the environment, there are always stocks showing leadership and trending higher.
We may have to look harder to identify them depending on current market conditions… but there are always stocks that are going up.
The same can be said for weak stocks. Regardless of the environment, there are always stocks that are going down, too.
We already have multiple scans focusing on stocks making all-time highs, such as Hall of Famers, Minor Leaguers, and the 2 to 100 Club. We filter these universes for stocks that are exhibiting the best momentum and relative strength characteristics.
Clearly, we spend a lot of time identifying and writing about leading stocks every week, via multiple reports.
Now, we’re also highlighting lagging stocks on a recurring basis.
by David
This is the video recording of our April 6, 2022, Inside Scoop Weekly Strategy Session.
by David
Before we dive into today’s note, we have an update on the Elon-versus-Twitter saga that’s been unfolding all week.
On Tuesday evening, Musk finally filed the appropriate Form 13D we were waiting for, reflecting his intentions as an “active” shareholder.
