Today's most significant insider transaction is a 13G filing by Jennison Associates LLC. 

The asset manager revealed an initial stake of 16.80% in Mobileye Global Inc $MBLY.

From the Desk of Kimmy Sokoloff

Futures up a tad this morning.

The market awaits tomorrow's CPI print.

From the Desk of Kimmy Sokoloff

Price action was sloppy early and then, around midday, the indices started to trend higher.

The morning trading was trying to squeeze dry lemons.

From the Desk of Steve Strazza @sstrazza and Alfonso Depablos @Alfcharts

This is one of our favorite bottom-up scans: Follow the Flow.

In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.

We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.

Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.

From the desk of Steve Strazza @Sstrazza

Welcome to our latest Minor Leaguers report.

We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.

For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.

That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.

We expanded our universe to include some mid-caps.

To make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.

Today's most significant insider transaction is a Form 4 filing by Edgar Smith, director at Business First Bancshares $BFST. 

Smith  reported a purchase of BFST shares worth $400,219.

From the Desk of Kimmy Sokoloff

Happy Monday!

Tech names were strong on Thursday.

We'll see if we get follow-through. $SPY and $QQQ are flagging at the moment.

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.

Here’s this week’s list:

From the desk of Steve Strazza @Sstrazza

We held our April Monthly Strategy Session on Monday night. Premium Members can access and rewatch it here.

Non-members can get a quick recap of the call simply by reading this post each month.

By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.

With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.

From the Desk of Kimmy Sokoloff

For a short week it really was kinda long.

We had a nice consolidation over these four days.

We'll see if we can trend higher next week.

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.

Welcome to the Short Report.

It's about time that Healthcare stocks get going again.

Remember, this is the 2nd largest sector weighting in the S&P500 (after Technology).

It's a really important group of stocks, representing over 14% of the index, that had essentially gone nowhere for 2 years.

Until the past few weeks....

How will a breakout in Healthcare impact the S&P500?

Do you think S&Ps roll over and break down if the 2nd largest component is breaking out of a multi-year base to new all-time highs?