Free eLetters

February 2024

3 of the Hottest Stocks In the Market – Are They Too Hot?

February 24, 2024TradeSmith Research Team

Eleven stocks in my quantitative analysis system have Technical Scores of 91.2… the highest current rating. They have nearly doubled on average since the beginning of November, when this latest rally was just getting under way. And they’re up 73% on average in just the first eight weeks of 2024. The three biggest gainers of the group have more than tripled on average in less than four months. You can guess at least one of the three… and maybe two.

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Nvidia Reignites the A.I. Boom – Here’s What’s Next

February 22, 2024TradeSmith Research Team

We heard from arguably the most important stock in the market yesterday. Not convinced? After recent choppiness, the S&P 500 shot back up to all-time highs. Nvidia’s (NVDA) 15% pop vaulted it up to the fourth most valuable stock in the world, now worth $1.9 trillion. Yes, Nvidia makes advanced computer chips. But more importantly, those chips are in extremely high demand for artificial intelligence applications. Its earnings yesterday were not just a referendum on the company but on A.I itself.

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Should You Buy Companies Where You Spend Your Money?

February 19, 2024TradeSmith Research Team

Consumer spending makes up about two-thirds of the U.S. economy, so if you took advantage of Presidents’ Day sales this weekend, you did your part to support your local economy. Actually, consumer spending held up well even as inflation was increasing and the Federal Reserve was raising rates. We consumers deserve a pat on the back for keeping the economy going more than anyone expected. But did you see the headlines last week? Retail sales declined in January much more than expected.

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I’ll Never Look at Investing the Same Way Again

February 17, 2024TradeSmith Research Team

My quantitative analysis system is based on a stunningly simple premise… Own the best. Easy to understand, right? Not as easy to do. Hence all the time and money that went into developing my system – identifying the right data to collect and then designing the algorithms to analyze it the right way.

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