📈 Alpha Picks & Market Update

29th of Jan, 2024

Welcome Investors!

Here’s your Alpha portfolio update for the week:

  • Returns so far this year +1.37%

  • Our leading stock is AMD currently at +20.2% while our position in Century Communities Inc is lagging behind at -5.13%

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

FYI: We will add new positions for February 2024 next Monday’s monthly update — premium members only

Market Snapshot

  • US stocks, a mixed bunch, despite powering higher mid-week, markets pulled back by close of the week.

    • The Nasdaq added 0.1% on the week and now almost 22% in the last three months alone.

    • The S&P 500 index rose 0.77% on the week, led by a strong rally in technology, while energy, materials and utilities lagged.

  • By contrast the rout in Chinese stock markets continued apace, with the CSI 300 dropping to a 5-year low and Hong Kong’s Hang Seng trading near its lowest close since 2009.

    • The government may intervene with a state-backed stabilisation fund to buy up shares. Capital injection has always been bullish for Bitcoin. So, HODL!

Alpha Picks of the Week

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Featured Analysis

Hedge Fund trading activity

Steel Dynamics (STLD)

Steel Dynamics Inc engages in the manufacture of steel products and metal recycling.

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

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

  • Total Revenue increased 6.18% since last quarter.

  • Hedge Funds Increased STLD holdings significantly by almost 200K shares in the last two quarter.

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Remember, investing is not just about wealth; it's about making informed decisions that shape your future.

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