๐Ÿ“ˆ Alpha Picks & Market Update

22nd of Jan, 2024

Welcome Investors!

Hereโ€™s your Alpha portfolio update for the week:

  • Returns so far this year +1.22%

  • Our leading stock is Forestar Inc currently at +2.5% while our position in Pampa Energia is lagging at -3.5%

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

Market Snapshot

  • US stocks hit all-time highs last week as investors continue to zero in on 2024 rates hikes, and despite sticky US inflation results. 

    • The Nasdaq is up +2.72%, while the S&P 500 closed at an ATH, +1% weekly gain.

  • Leading Sectors: Technology, communication services and consumer discretionary led US markets on the week.

  • The UK recorded an unexpected rise in inflation. The annual rate rose to 4% in December, the first increase in ten months.

    • Our model at The Insider Memo calculates inflation to currently be at 2.98%.

Alpha Picks of the Week

Subscribe to Insider Memo Premium to see our Top 10 Stock Picks for the week

Featured Analysis

Hedge Fund trading activity

La-Z-Boy Incorporated (LZB)

La-Z-Boy Inc engages in the production of reclining chairs. It manufactures and distributes residential furniture.

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

  • Total Revenue increased 6.18% since last quarter.

  • Hedge Funds Increased LZB holdings by 61.4K in 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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