📈 Alpha Picks & Market Update

26th of Feb, 2024

Welcome Investors!

Here’s your Alpha portfolio update for the week:

  • Returns so far this year +3.05%

  • Our leading stock is AMD currently at +20.3% while our position in Harmony Gold Mining is lagging at -13.3%

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

The Week at a Glance

Market Snapshot

  • Stock markets hit fresh record highs last week in a number of markets, from Europe to Japan.

  • US market rally was fuelled by a stellar earnings report by Nvidia on Wednesday, which sparked broader exuberance on the benefits of AI.

    • S&P 500 closed at +1.9% where gains were broad-based among sectors; consumer staples and technology led the way.

    • Nasdaq closed at +2.2% as technology sector continues to dominate.

  • Where is the strength? These industries stand out:

    • Semiconductors (same as last week)

    • Heavy Construction

    • Home Construction

Alpha Picks of the Week

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Allison Transmission (ALSN)

Allison Transmission Holdings, Inc. engages in the design and manufacture of vehicle propulsion solutions for commercial and defence vehicles.

The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems.

Hedge Fund trading activity on ALSN

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

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

  • Total Revenue increased 9.61% since last year and increased 5.3% since last quarter.

  • EPS increased 33.71% since last year.

  • Hedge Funds decreased holdings in ALSN by 430k 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.

  • ROOT

  • IOVA

  • TALK

  • CNNE

  • LZ

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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