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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)
– Axon Enterprise Inc (AXON)
– TransDigm Group Inc (TDG)
– Intuitive Surgical Inc (ISRG)
– Kimco Realty Corp (KIM)
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.
- We have 5 tactical buys aka “Super SMID Grannies”
– Applovin Corp (APP) <– carry over
– The Bancorp Inc (TBBK) <– carry over
– ePlus Inc (PLUS)
– Palantir Technologies Inc (PLTR)
– Mueller Industries Inc (MLI) - The bottom 5 “Sleeper SMID Grannies” are:
– Blueprint Medicines Corp (BPMC) <– carry over
– Ultra Clean Holdings Inc (UCTT)
– Amkor Technology Inc (AMKR)
– Blue Bird Corp (BLBD)
– Veeco Instruments Inc (VECO)
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](https://cdn2.fsinsight.com/wp-content/uploads/2024/08/image-344-1024x790.png)
![August Market Update & Top Stock Ideas + Super SMID Granny](https://cdn2.fsinsight.com/wp-content/uploads/2024/08/image-335.png)
![August Market Update & Top Stock Ideas + Super SMID Granny](https://cdn2.fsinsight.com/wp-content/uploads/2024/08/image-343-1024x742.png)
![August Market Update & Top Stock Ideas + Super SMID Granny](https://cdn2.fsinsight.com/wp-content/uploads/2024/08/image-334-1024x730.png)
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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 ProductivityTame8/1 8:30 AM ET: 2Q P Unit Labor CostsTame8/1 9:45 AM ET: Jul F S&P Global Manufacturing PMITame8/1 10:00 AM ET: Jul ISM Manufacturing PMITame8/2 8:30 AM ET: Jul Jobs ReportTame8/2 10:00 AM ET: Jun F Durable Goods OrdersTame8/5 9:45 AM ET: Jul F S&P Global Services PMITame8/5 10:00 AM ET: Jul ISM Services PMITame8/6 8:30 AM ET: Jun Trade BalanceTame8/7 9:00 AM ET: Jul F Manheim Used vehicle IndexMixed8/12 11:00 AM ET: Jul NY Fed 1yr Inf ExpTame8/13 6:00 AM ET: Jul Small Business Optimism SurveyTame8/13 8:30 AM ET: Jul PPITame8/14 8:30 AM ET: Jul CPITame8/15 8:30 AM ET: Jul Retail Sales DataTame8/15 8:30 AM ET: Aug Empire Manufacturing SurveyTame8/15 8:30 AM ET: Aug Philly Fed Business OutlookTame8/15 10:00 AM ET: Aug NAHB Housing Market IndexTame8/15 4:00 PM ET: Jun Net TIC FlowsTame8/16 10:00 AM ET: Aug P U. Mich. Sentiment and Inflation ExpectationTame8/19 9:00 AM ET: Aug M Manheim Used vehicle indexTame- 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](https://cdn2.fsinsight.com/wp-content/uploads/2024/08/image-325.png)
Economic Data Performance Tracker 2023:
![August Market Update & Top Stock Ideas + Super SMID Granny](https://cdn2.fsinsight.com/wp-content/uploads/2024/08/image-153.png)