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š Alpha Picks & Market Update
26th of Feb, 2024
Welcome Investors!
Hereās 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
Tired of guessing which stocks to buy?
Stop wasting time and money researching losing stocks. Get access to undervalued stocks with high growth potential instead.
āļø Top 10 stock to buy right now, updated weekly.
āļø Buy/Sell ratings for each stock.
āļø 1 stock report each month.
āļø Save 80+ hours of research per month.
Featured Stock Analysis
ALSN
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 Memoās top 10 Alpha picks this week.
ALSN is tradingĀ near the topĀ of its 52-week rangeĀ and aboveĀ its 200-day simple moving average.
Total RevenueĀ increased 9.61%Ā since last year andĀ increased 5.3%Ā since last quarter.
EPSĀ increased 33.71%Ā 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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