These 10 Stocks, Large and Small, Are on My Updated Shopping List
Outside of Apple, which is regaining some of its luster, markets are a mess Tuesday.
You've reached your free article limit
You've read 0 of 1 free Pro articles.
The market is struggling on Tuesday with more than three-to-one negative breadth and more new lows than highs. However, Apple AAPL has regained its role as a "safe haven" and is preventing the indexes from looking even worse.
For a number of months, Apple lost its mantle as the most important stock in the market to Nvidia NVDA, but excitement over its upcoming AI offerings has helped it regain its luster. There aren’t any major estimate increases so far, and the stock is still quite expensive on a P/E basis, but this is one of those names that people want to own because it feels big and safe and always seems to have promise.
Outside of Apple, it is a mess out of there, but as I discussed in my morning post, the big issue recently has been late-day recoveries. In six of the last seven sessions, there has been a late-day rally in the S&P 500, which prevented any notable damage from occurring. We’ll see if the bulls still want to be late-day buyers when CPI and the Fed interest-rate policy annoucement come up on Wednesday.
This is not a market in which I want to buy a lot right now, so I’m mostly working on my shopping lists. Small-caps IWM have lost their mojo, and I’m watching for dips in my favorite small names like Humacyte HUMA, Xeris Biopharma XERS, Sensus Healthcare SRTS, ADMA Biologics ADMA, and Mereo BioPharma MREO.
I’m also watching some bigger names, especially First Solar FSLR, The Trade Desk TTD, Uber UBER, and Altria Group MO.
A new name that I’ve added is Palantir Technologies PLTR. The stock ran up last week on hopes that it would be added to the S&P 500. That did not occur, and it dropped sharply. Nothing has changed fundamentally, and I’m playing the recovery.
Stephen "Sarge" Guilfoyle has done quite a bit of fundamental work on Palantir and is quite positive about it. I like how the stock has recovered its 50-day simple moving average and is moving back toward a gap that was created on its last earnings report.
At the time of publication, Rev Shark was long HUMA, XERS, SRTS, ADMA, MREO, FSLR, TTD, UBER, MO and PLTR.
Please note that due to factors including low market capitalization and/or insufficient public float, we consider several of the names mentioned to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
