📈 Alpha Picks & Market Update

11th of March, 2024

Welcome Investors!

Here’s your Alpha portfolio update for the week:

  • Returns so far this year +5.41%

  • Our leading stock is AMD currently at +40.6% while our position in Allison Transmission is lagging at -3.1%

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

The Week at a Glance

Market Snapshot

  • Stock markets finished mixed last week as the economic data and central bank chatter continued to suggest that rate cuts are coming. Soon. Promise.

    • The S&P 500 dipped 0.3%, with gains in banks and utilities offset by weakness in technology and consumer discretionary.

    • The market pushed new 52-week highs last week before dipping on Friday, and are still running above their 50 and 200-day moving averages.

  • Fed Chair Powell’s testimony to Congress last week was that the Fed is “not far” from gaining the confidence it needs to begin easing policy “so that we don’t drive the economy into recession.” 

    • That leaves our July rate cut call looking pretty solid, and the market has shifted to price just about a full move in June.

  • Where is the strength? These industries stand out:

    • Semiconductors (same as last week)

    • Paper Industry

    • Home Construction (same as last week)

Alpha Picks of the Week

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Banco Macro SA (BMA)

Banco Macro SA engages in the provision of financial and banking services. It serves low and mid-income individuals and small and mid-sized companies.

The firm offers savings, checking accounts, time deposits, fund management, loans, mortgages, and direct banking transactions.

Hedge Fund trading activity on BMA

  • BMA is one of Insider Memo’s top 10 Alpha picks this week.

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

  • Total Revenue increased 147.45% since last year and 182.4% since last quarter.

  • EPS increased 506.06% since last year and 4719.47% since last quarter.

  • Hedge Funds increased holdings in BMA by 425.2K since last year.

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.

  • IOT

  • BOX

  • CGAU

  • PAY

  • BRCC

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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