📈 Alpha Picks & Market Update

8th of April, 2024

In partnership with

Welcome Investors!

Here’s your Alpha portfolio update for the week:

  • Returns so far this year +5.75%

  • Our leading stock continues to be AMD, currently at +15.6% while our position in Taylor Morrison Home Corp is lagging, but still positive at +2.9%

  • Total positions: 18
    See the investment portfolio for the rest of our positions.

The Week at a Glance

Market Snapshot

  • Stock markets were mixed this week alongside a heavy dose of economic data and Federal Reserve commentary.

    • The S&P 500 dipped 1.0%, with health care, consumer staples and banks posting the deepest declines, while energy and telecom outperformed.

    • Nasdaq closed the week at -1.31%.

  • Strong week for resource stocks, with oil and gold prices now making big runs.

    • WTI oil prices pushed above $86, now up more than 20% since the start of the year, while gold has rallied 13%.

  • Where is the strength? These industries stand out:

    • Non-ferrous Metals

    • Home Construction (same as last week)

    • Aluminium

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S&P 500 vs Other Sectors

(relative to the S&P 500 index, year-ago = 100; dashed line = 200-day MA)


Modine Manufacturing (MOD)

Modine Manufacturing Co. engages in the provision of thermal management products and solutions.

It operates through the Climate Solutions and Performance Technologies business segments.

  • The Climate Solutions segment provides climate-controlled solutions and components, heat transfer products, heating, ventilating, air conditioning and refrigeration products, and data centre cooling solutions.

  • The Performance Technologies segment designs and manufactures air- and liquid-cooled technology for vehicular, stationary power, and industrial applications.

Hedge Fund trading activity on MOD

  • MOD is trading near the top of its 52-week range and above its 200-day simple moving average.

  • Total Revenue increased 12.05% since last year.

  • EPS increased 78.67% since last year.

  • Hedge Funds increased their holdings by 166.5K shares last quarter.

IM Trading Desk

The following companies are on our watchlist for trade opportunities. We are looking for long entry on these with 15-20% stop-loss per trade.

  • SIL

  • MAG

  • ACB

  • STXS

  • PAAS

Thank you for being a part of The Insider Memo community.

Remember, investing is not just about wealth; it's about making informed decisions that shape your future.

Have a great week!

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