CPI Comes In Hot, New CEO At Intel, Cannabis Stocks On Fire.
Macro, Long/Short Equity, Growth
Seeking Alpha Analyst Since 2011
Bill Gunderson (@billgunderson) is the CEO and Chief Market Strategist at Gunderson Capital Management in Mt. Pleasant, South Carolina. He is also a professional money manager, former research analyst, author of Best Stocks Now! 2011, and developer of the Best Stocks Now! App (www.BestStocksNowApp.com). Bill offers a free 4-week subscription to his weekly Best Stocks Now! Newsletter to all Seeking Alpha readers at www.gundersoncapital.com. Bill hosts a daily stock market radio show that is syndicated nationwide on the Salem Broadcast Network. He has made numerous appearances on the Fox Business Channel, CNBC, and Bloomberg Radio. Bill's articles have been published by Barron's, Forbes, TheStreet.com and other financial publications. He can be reached at firstname.lastname@example.org or by calling (855) 611-BEST.
- Overall, it was a fairly dull day in the market.
- The backdrop of political turmoil continues.
- I spotted several standout charts today.
- We have a brand new article out today on LI.
I looked at my top 500 ranked stocks from my BestStocksNowDatabase today. These stocks are ranked on a combination of momentum and valuation. This is the methodology that I employ in my professional money mgt. practice.
The cannabis stocks have been on fire since the election. Several of them have now cracked into my top-ranked stocks. Here are some that broke out today: APHA, TCNNF, CRLBF, and GTBIF were all standouts!
The hydrogen fuel cell stocks also exploded to the upside once again. BLDP and PLUG continue to standout! We are long PLUG and have a huge gain in this stock.
Several medical related stocks also broke out today": QTRX. TXG, NVCR, and SWAV were standouts. We are long NVCR. I featured QTRX on Monday's radio show.
It is a little unnerving to see AAXN (Taser) and POWW (ammo) breakout. Will we see civil unrest in the coming days?
Some other top ranked stocks that had big breakouts today were CHWY, LAC, ASX, SE, VNET, BILI, BE, and KLIC. We are long ASX.
We had a new article published about $LI on Seeking Alpha today. It is one of our top picks in the EV sector!
Intel has a new CEO. The company has lagged AMD for years now. Intel rallied on the news while AMD sold off a bit.
The huge rally in Grain (SOYB, CORN, JJG) etc. cooled off today, but it still looks like a good place to be in 2021 as China is on a buying binge right now.
Big tech had a decent day today, but has really been soft lately as some market rotation has taken place.
Analyst's Disclosure: I am/we are long PLUG.
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