Expert technical analysis of financial markets by JC Parets
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by the founder and CEO of Nerdy Inc $NRDY, Chuck Cohn.
Cohn reported a purchase of 569,976 NRDY shares, equivalent to $957,559.
From the Desk of Steve Strazza and Alfonso Depablos
Warren Buffett, Berkshire Hathaway, and Occidental Petroleum $OXY take the spotlight again today.
Buffett and Berkshire continue to accumulate shares of OXY, this time disclosing a purchase worth roughly $105 million.
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.
This is the video recording of the June 12, 2024, Hot Corner Insider Weekly Strategy Session.
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by Control Empresarial de Capitales S.A.
The Mexico-based investment company reported an additional purchase of PBF Energy Inc $PBF shares with a total value of $2.6 million.
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider transaction on today’s list comes via a Form 4 filing by Snowflake Inc $SNOW director Mike Speiser.
Speiser, also a managing partner at the private equity firm Sutter Hill Ventures, bought 76,200 of SNOW shares for a total amount of roughly $10 million. [Read more…]
From the Desk of Steve Strazza @Sstrazza.
Welcome back to Under the Hood, where we’ll cover all the action for the two weeks ended June 7, 2024. This report is published bi-weekly, in rotation with The Minor Leaguers.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Click here for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
From the Desk of Steve Strazza and Alfonso Depablos
The most significant insider buy on today’s list comes via a Form 4 filing by Warren Buffett and Berkshire Hathaway.
Buffett and Berkshire continue to accumulate shares of Occidental Petroleum $OXY, disclosing yet another purchase, this one worth roughly $153 million.
We take a detailed look at Buffett’s and Berkshire’s OXY purchases and the share price reaction below.
