This week’s scan, using the SimpleVisor screening tool, starts with this year’s large-cap underperformers to find those that surged on last Thursday’s lower-than-expected CPI report. Like last week’s edition, our goal is to isolate the stocks which may outperform when inflation falls and the Fed starts to signal they are likely to pivot.
Six stocks, as shown below, were up over 20% from November 10 through November 14. Despite the huge price gains, the stocks are still down over 40% year to date. This screen does not consider fundamental or technical analysis.
**In the SimpleVisor Equity Portfolio, we reduced our exposure in NVDA and AMD on November 14th. The trades were due to the large price increases and the ensuing overbought technical condition.
Company Summaries (all descriptions courtesy SimpleVisor)
Carnival Corporation & plc (CCL)
Caesars Entertainment, Inc. (CZR)
NVIDIA Corporation (NVDA)
Netflix, Inc. (NFLX)
Advanced Micro Devices, Inc. (AMD)
Teradyne, Inc. (TER)
Five for Friday
Five for Friday uses stock screens to produce five stocks that we expect will outperform if a particular investment theme plays out in the future. Investment themes may be relevant to the current or expected market, industry and/or economic trends. Investment themes may not always represent our current forecast.
This report is not a recommendation to buy or sell the named securities. We intend to elicit ideas about stocks meeting specific criteria and investment themes. Please read our disclosures carefully and do your own research before investing.
Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.