📈 Alpha Picks & Market Update

18th of March, 2024

Welcome Investors!

Here’s your Alpha portfolio update for the week:

  • Returns so far this year +4.64%

  • Our leading stock continues to be AMD, currently at +29.6% while our position in Globe Life Inc is lagging at -8.3%

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

The Week at a Glance

Market Snapshot

  • Stock markets struggled last week, with firm US inflation data further pushing out Fed easing expectations.

    • The S&P 500 dipped 0.1%, with consumer discretionary and health care lagging.

    • Nasdaq dropped 0.5%.

  • The US CPI report was the main data event, and it came in warm.

    • Headline inflation was 3.2% year-on-year in February, a tick above consensus, while core inflation was 3.8% y/y, a notch above consensus.

  • As the market awaits rate cuts, it still looks like the Fed will have to lean on this inflation pressure, and we continue to believe the first rate cut will be in July.

  • Broad Sector Overview:

    • Movers: Big technology and communication services names continue to drive the market.

    • Slackers: Defensives have been relatively quiet, with consumer staples and health care both underperforming the broader S&P 500.

  • Where is the strength? These industries stand out:

    • Semiconductors (same as last week)

    • Industrial Suppliers

    • Speciality Retailers

Alpha Picks of the Week

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Green Brick Partners (GRBK)

Green Brick Partners, Inc. engages in residential land development and homebuilding.

It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments.

The Builder Operations Central segment represents operations of its builders in Texas. The Builder Operations Southeast segment includes operations of builders in Georgia and Florida.

Hedge Fund trading activity on GRBK

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

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

  • Net Profit Margin increased by 25.8% since last year

  • Total Revenue is currently at $1.78 bln.

  • Hedge Funds decreased holdings in GRBK by 938K 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.

  • BILI

  • DOCU

  • FF

  • SIGA

  • QIFU

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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