Major averages jumped higher on big volume as tensions is Russia subsided. Leading stocks performed particularly well as market internals seem to be healthy and strong. Solar stocks and Chinese internets have performed particularly well.
Telecommunications staffing company ICLD had a pocket pivot. Sales are soaring, but the stock is a microcap so position size accordingly. Normally, we would not suggest such a stock but its prior price action together with the way stocks in general have been behaving allow us to be more liberal in our selection provided fundamentals and technicals measure up.
SFUN had a pocket pivot. Earnings and sales are strong, institutional sponsorship has grown 4 quarters in a row, group rank 11, pretax margin 58.8%, ROE 101%.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2022 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.