- The Insider Memo
- 📈 Alpha Picks & Market Update
📈 Alpha Picks & Market Update
Here’s your Alpha portfolio update for this week:
Returns so far this year +53.93%
Our leading stock is Forestar Group Inc currently at +71% while our position in Silver is the laggard at -4.6%
See the investment portfolio for the rest of our positions.
This week we have
10 new Alpha Picks
Featured analysis on Safe Bulkers
Crypto trade ideas
US stocks rose due to the 10Y yield’s decline below 4% and a surprise gain in retail sales.
Nasdaq closed at +3.47% while the S&P 500 closed the week at +2.74%
Silver and precious metals continue to consolidate around key moving averages.
European stocks rose as a result of optimism about a potential US rate cut and the decisions by the UK and EU central banks to keep rates unchanged.
Bullish whispers in crypto all around, but there is still nothing to make XRP bag-holders happy. $589 soon, fren!
Alpha Picks of the Week
These are the companies that Alpha Algorithm® has short-listed for this week from a list 18,742 stock.
Hedge Fund trading activity
Safe Bulkers Inc (SB)
SB provides international marine dry bulk transportation services.
Hedge Funds increased holdings in SB by 172.5K shares last quarter.
SB is trading in the middle of its 52-week range and above the 200-day moving average.
The company has a dividend yield of 5.15%
Crypto Trade Ideas
Having scanned the market this week, these coins currently have the best risk-reward ratio.
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 day!
Ali @ Insider Memo