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- 📈 Alpha Picks & Market Update
📈 Alpha Picks & Market Update
15th of Jan, 2024
Here’s your Alpha portfolio update for the week:
Returns so far this year -0.55%
Our leading stock is Forestar Inc currently at +2.7% while our position in Century Communities Inc is lagging at -5.4%
Total positions: 18
See the investment portfolio for the rest of our positions.
In Case You Missed It
FYI: US Markets are closed today in observance of Martin Luther King Jr. Day.
US stocks closed the week on a positive
The Nasdaq is up +2.9%, while the S&P 500 closed at +1.8%.
December's CPI report, which came in slightly higher than expected at 0.3% for the month and 3.4% annually.
Oil fell on Saudi price cuts and surged on Red Sea airstrikes.
SEC grudgingly approved 11 Bitcoin ETFs last week. So much for “anti-establishment, decentralisation”. Will the ETF become more than a fringe asset? We’ll see.
Alpha Picks of the Week
Subscribe to Insider Memo Premium to see our Top 10 Stock Picks for the week
Flexsteel Industries (FLXS)
FLXS engages in the manufacture, import, and marketing of residential and commercial upholstered, and wood furniture products.
Total revenue increased 5.81% since last quarter.
FLXS is trading near the top of its 52-week range and above its 200-day simple moving average.
EPS increased 862.91% since last year and increased 307.43% since last quarter.
If the economic conditions weaken then stocks in the Consumer Durable sector would serve as defensive plays for investors.
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