August Market Update & Top Stock Ideas + Super SMID Granny

August Market Update & Top Stock Ideas + Super SMID Granny
August Market Update & Top Stock Ideas + Super SMID Granny

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  • Introducing new list of 5 Top Stock Ideas
  • Updating 5 Super and 5 Sleeper SMID Grannies
  • Chartbook linked below

To download the slide deck for our Market Update Webinar, please click HERE.

Investment Ideas: Top 5 Stock Picks

As we are rebranding our monthly webinar, we are introducing a new section of 5 top stock ideas:

  • The new top stock ideas follow the similar methodologies we use to identify super SMID granny ideas
  • Essentially, we aim to identify the most timely stock ideas by cross referencing the trend analyses, quantamental works and technical studies.
  • In more detail, the framework is composed of a criteria of 4 factors to narrow down to tactical buys:
    – fundamentals using DQM model managed by “tireless Ken”
    – momentum rating based weighted average performances of recent period
    – technical strength measured by Price >20 DMA, 20 DMA vs 200 DMA and combos
    – Mark Newton’s judgement on technical outlook
  • Our 5 Stock Ideas for August 2024:
    – NVIDIA Corp (NVDA -1.68% )
    – Axon Enterprise Inc (AXON 1.44% )
    – TransDigm Group Inc (TDG 0.87% )
    – Intuitive Surgical Inc (ISRG 0.17% )
    – Kimco Realty Corp (KIM -2.00% )


SUPER SMID GRANNIES: 5 Super and 5 Sleeper

Last December, we upgraded Small-caps to be the #1 recommendation in our 2024 year-ahead outlook. We also created the SMID granny shot portfolio strategy as many of our clients asked us for our Top SMID stock picks.

  • We believe the SMID Grannies could benefit from the multiple themes and secular tailwinds
  • The SMID Grannies shots were selected from a universe consisting of 2,492 small and mid-cap stocks.
  • From the SMID granny shots portfolio, we employed the same framework mentioned above to identify the 5 most timely ideas and 5 least timely ideas within the SMID granny shots portfolio.

Please see Mark’s technical note tonight for commentary on the Top 5 Stock Ideas and 5 Super SMID Grannies.

August Market Update & Top Stock Ideas + Super SMID Granny
Source: Fundstrat
August Market Update & Top Stock Ideas + Super SMID Granny
August Market Update & Top Stock Ideas + Super SMID Granny
August Market Update & Top Stock Ideas + Super SMID Granny

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42 SMID Granny Shot Ideas: We performed our quarterly rebalance on 7/16. Full stock list here -> Click here

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PS: if you are enjoying our service and its evidence-based approach, please leave us a positive 5-star review on Google reviews —> Click here.

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Key incoming data August 2024:

  • 8/1 8:30 AM ET: 2Q P Nonfarm Productivity Tame
  • 8/1 8:30 AM ET: 2Q P Unit Labor Costs Tame
  • 8/1 9:45 AM ET: Jul F S&P Global Manufacturing PMI Tame
  • 8/1 10:00 AM ET: Jul ISM Manufacturing PMI Tame
  • 8/2 8:30 AM ET: Jul Jobs Report Tame
  • 8/2 10:00 AM ET: Jun F Durable Goods Orders Tame
  • 8/5 9:45 AM ET: Jul F S&P Global Services PMI Tame
  • 8/5 10:00 AM ET: Jul ISM Services PMI Tame
  • 8/6 8:30 AM ET: Jun Trade Balance Tame
  • 8/7 9:00 AM ET: Jul F Manheim Used vehicle Index Mixed
  • 8/12 11:00 AM ET: Jul NY Fed 1yr Inf Exp Tame
  • 8/13 6:00 AM ET: Jul Small Business Optimism Survey Tame
  • 8/13 8:30 AM ET: Jul PPI Tame
  • 8/14 8:30 AM ET: Jul CPI Tame
  • 8/15 8:30 AM ET: Jul Retail Sales Data Tame
  • 8/15 8:30 AM ET: Aug Empire Manufacturing Survey Tame
  • 8/15 8:30 AM ET: Aug Philly Fed Business Outlook Tame
  • 8/15 10:00 AM ET: Aug NAHB Housing Market Index Tame
  • 8/15 4:00 PM ET: Jun Net TIC Flows Tame
  • 8/16 10:00 AM ET: Aug P U. Mich. Sentiment and Inflation Expectation Tame
  • 8/19 9:00 AM ET: Aug M Manheim Used vehicle index Tame
  • 8/21 2:00 PM ET: Jul FOMC Meeting Minutes
  • 8/22 8:30 AM ET: Jul Chicago Fed Nat Activity Index
  • 8/22 9:45 AM ET: Aug P S&P Global Manufacturing PMI
  • 8/22 9:45 AM ET: Aug P S&P Global Services PMI
  • 8/22 10:00 AM ET: Jul Existing Home Sales
  • 8/23 10:00 AM ET: Jul New Home Sales
  • 8/26 10:00 AM ET: Jul P Durable Goods Orders
  • 8/26 10:30 AM ET: Aug Dallas Fed Manuf. Activity Survey
  • 8/27 9:00 AM ET: Jun S&P CoreLogic CS home price
  • 8/27 10:00 AM ET: Aug Conference Board Consumer Confidence
  • 8/29 8:30 AM ET: 2Q S 2024 GDP
  • 8/30 8:30 AM ET: Jul PCE Deflator
  • 8/30 10:00 AM ET: Aug F U. Mich. Sentiment and Inflation Expectation

Economic Data Performance Tracker 2024:

August Market Update & Top Stock Ideas + Super SMID Granny
Source: Fundstrat, Bloomberg

Economic Data Performance Tracker 2023:

August Market Update & Top Stock Ideas + Super SMID Granny
Source: Fundstrat, Bloomberg

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