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Hot Corner Insider

The Inside Scoop (09-13-2023)

September 13, 2023

From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts

With the stock market trading sideways for the past two months, we're still finding pockets of strength and individual names that offer favorable risk-reward opportunities.

While we do want to be more selective through this corrective phase, we also don't want to miss anything. The bull market is still alive and well. This kind of sector rotation and digestion of gains is nothing out of the ordinary. While it plays its course, we want to continue to bet on leaders.

Let's dive in and check out some of our favorite setups from our Hot Corner universe this week.

Hot Corner Insider

The Hot Corner Insider (09-13-2023)

September 13, 2023

From the Desk of Steve Strazza

With the stock market trading sideways for the past two months, we’re still finding pockets of strength and individual names that offer favorable risk-reward opportunities.

While we do want to be more selective through this corrective phase, we also don’t want to miss anything. The bull market is still alive and well. This kind of sector rotation and digestion of gains is nothing out of the ordinary. While it plays its course, we want to continue to bet on leaders.

Let’s dive in and check out some of our favorite setups from our Hot Corner universe this week.

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2 to 100 Club

2 to 100 Club (09-13-2023)

September 13, 2023

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...

Icahn Is Back for More SWX

September 13, 2023

From the Desk of Steve Strazza and Alfonso Depablos

The largest insider buy on today’s list comes in a Form 4 filing by Carl Icahn.

Icahn revealed a purchase of $7.8 million in Southwest Gas Holdings $SWX.

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Will the US Dollar Index Break Out? Track the Euro!

September 12, 2023

From the Desk of Ian Culley @IanCulley

Equities like a deadstick dollar.

But stocks can’t always get what they want – or “like.” 

A swift 5 percent gain in the US Dollar Index $DXY was not on the S&P 500’s wish list.

Yet that’s what the dollar served up following its mid-July failed breakdown

Unsurprisingly, stocks have struggled since, peaking less than two weeks after the dollar posted its year-to-date low.

The DXY is now challenging a critical overhead supply level as dollar bulls have once again lowered their horns.

But will they finally hook 'em by the end of the week?

We’ll know if the DXY decisively closes above 105.

That’s the level:

Meanwhile, investors and traders appear reluctant to relinquish the euro (the largest component of the US Dollar Index at 57.6% of the weighting). 

Perhaps US dollar bulls are making contact at the...

Hot Corner Insider

Icahn Is Back for More SWX

September 12, 2023

From the Desk of Steve Strazza

The largest insider buy on today’s list comes in a Form 4 filing by Carl Icahn.

Icahn revealed a purchase of $7.8 million in Southwest Gas Holdings $SWX.