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

The February hangover is now behind us, and following a month of corrective action, we think stocks will embark on a fresh leg higher soon.

Risk appetite continues to improve, and market internals are as healthy as we've seen in years.

This is an environment where we want to be looking for stocks to buy.

Today, we have a newly-public growth stock that is making new highs and has been outperforming aggressively this year.

Let's dive in.

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.

From the Desk of Kimmy Sokoloff

March has started off on shaky ground.

The $SPX tested the 200-day moving average at 3,940 again.

It bounced, but we'll see if it can hold this level.

The largest insider buy on today's list comes in a Form 4 filing by Wes Cummins, a director of Vishay Precision Group $VPG.

Cummins reported a purchase of $370,175.

From the Desk of Kimmy Sokoloff

Hello March!

With the futures being up this morning, it's like yesterday's close didn't happen.

We must stay on our toes.

This is the video recording of the March 1, 2023, Inside Scoop Weekly Strategy Session.

From the Desk of Kimmy Sokoloff

The market was all over the place today.

And they pushed it lower the last hour of trading.

From the Desk of Kimmy Sokoloff

February, I won't be sad to see you go!

It's been a very choppy month, and, as of now, we look to close lower overall for the past 28 days.

The largest insider buy on today’s list comes in a Form 4 filing by Kelcy Warren, co-founder and executive chairman of Energy Transfer $ET.

Warren reported an additional purchase, this one worth $21.6 million.

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.

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 Kimmy Sokoloff

We saw a nice gap up on the $SPX today, but we weren't able to hold on to 4,000 or 4,017.

The market decided to close the gap down, which is all fine and well. But I'd like roughly that area held at 3,980 or so.