Earnings This Week

Nasdaq, semiconductors and some energy producers.

5hit List for the Week of November 7, 2022

These are stocks that cleared the loser screen and have earnings this week. I have been watching this list and there are a lot of big moves in the list. Most have earnings this week. PANW, STNE and MNDY are next week.

Saturday Dirty Two Dozen

What I like about my screens is that I keep turning up the same stocks and they're also stocks I identified myself through laboriously checking sector ETFs. This screen I used some volume and market cap to lower the list to around 700 stocks with unusual volume on Friday, then I put on two criteria: one-month loss of at leastt 10 percent and RSI above 50. Ideally there are some candidates for reshorting. One of them I posted on Thursday or Friday already. Here is the entire list that he screen threw out, 15 here and 9 inm the next:

More Screen Results

I took the 52-week low condition off and added a one-month minimum loss of 10 percent. Produced a list of 77 stocks. The best looking ones that I haven't posted already are below. To reiterate the theme of the weekend, all of this junk is still well above fundamental valuation. It doesn't matter if it is down 40 percent already, it is going to suffer a couple more 40 percent losses before bottoming out. The question for the next week is whether the headline indexes start catching down to this stuff or of this stuff bounces. The market has always bounced before, but the carnage beneath the hood in the Nasdaq is screaming bear market. I've included more IPOs, mostly 2020 and 2021 vintage. The three most common themes that I see are biotech, recent IPOs, and ARK holdings.

Software Still Looking Weak