📈 Alpha Picks & Market Update

19th of Feb, 2024

Welcome Investors!

Here’s your Alpha portfolio update for the week:

  • Returns so far this year +2.31%

  • Our leading stock is AMD currently at +17.9% while our position in Harmony Gold Mining is lagging at -12.3%

  • Total positions: 16
    See the investment portfolio for the rest of our positions.

The Week at a Glance

Market Snapshot

FYI: Markets are closed today for Presidents' Day

  • Stock markets were little changed this week, with tough inflation news keeping the market in check.

    • S&P 500 dipped 0.4% as gains in banks and energy were offset by weakness in technology and communication services.

    • Nasdaq dropped -1.4% due to weakness in Technology and Communication Services sector.

  • Inflation reports were not good for those expecting near-term rate cuts.

  • Where is the strength? These industries stand out:

    • Semiconductors

    • Travel & Tourism

    • Property & Casualty Insurance

Alpha Picks of the Week - Freemium

These are the companies that Alpha Algorithm® has short-listed for this week from a list of 18,742 stocks.

You can find more information in
My Dashboard by logging in.



DNOW, Inc. is a holding company, which engages in the distribution of energy products for industrial applications. It operates through the following segments: US, Canada, and International.

  • The US segment serves the upstream, midstream and downstream energy, and industrial markets.

  • The Canada segment covers energy exploration, production, drilling, and midstream business.

  • The International segment represents the energy exploration, production, and drilling business.

Hedge Fund trading activity on DNOW

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

  • DNOW is trading in the middle of its 52-week range and above its 200-day simple moving average.

  • Net Income increased 92.86% since last year.

  • EPS increased 97.85% since last year.

  • Hedge Funds Increased Holdings in DNOW by 2.18M shares 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.

  • PEGA

  • TRMB

  • HOOD

  • JMIA

  • LSCC

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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