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Bitcoin ETF decision is due out tomorrow -
https://www.wsj.com/finance/regulation/secs-decision-on-spot-bitcoin-etfs-could-go-a-few-different-ways-96d76589?st=657aidl608inf7p&reflink=desktopwebshare_permalink
https://www.wsj.com/finance/regulation/the-crypto-industry-holds-its-breath-in-anticipation-of-the-first-spot-bitcoin-etfs-fed067ec?st=2evvpg823g8fr60&reflink=desktopwebshare_permalink
btw, 0.1% of my portfolio is in Bitcoin at Coinbase. I've been buying a tiny fixed dollar amount monthly by bank withdrawal for a few years and am up around 60%. I don't think BTC has any fundamental value, but it has a lot of market value because it's so popular. Even so, I'd never want a .5% position, let alone several percent. I'm just in it for fun !
NVDA +3 to 525, yes, all my shares are covered with $475 and $500 calls, so I'll make a roughly 10%+ profit if the shares are called from me at option expirations in Jan and Mar. I'm satisfied with that, but maybe the stock is heading to $600 ?
GTEC investment loss - I'd like more detail but I think that's all the 10Q says about it. It varies quarterly, so hopefully they'll show some investment gains in Q4.
NVDA - I own it since November, but gains capped at $500 -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173278129&txt2find=nvda
NVDA +28 to 519, smashing through resistance at $500 to new all time highs ..... the Mag 7 are doing well today.
HALO had a phase 3 drug trial failure in December but minimal revenue impact was expected.
fly -
12/26 - Halozyme price target lowered to $59 from $61 at Morgan Stanley
Morgan Stanley analyst Vikram Purohit lowered the firm's price target on Halozyme (HALO) to $59 from $61 and keeps an Overweight rating on the shares after updating the firm's model following the recent trial failures for subcutaneous efgartigimod in pemphigus and ITP. The key change is the removal of the prior contribution that had been modeled for subcutaneous efgartigimod in pemphigus vulgaris, or PV, after Argenx (ARGX) recently announced that the Phase 3 ADDRESS study did not meet its primary and secondary endpoints and as a result development in pemphigus will be discontinued.
12/20 - Halozyme price target lowered to $45 from $46 at Goldman Sachs
Goldman Sachs analyst Corinne Jenkins lowered the firm's price target on Halozyme (HALO) to $45 from $46 and keeps a Neutral rating on the shares. The firm is adjusting its model after Argenx (ARGX) reported that the drug arm of its Phase 3 ADDRESS study of Vyvgart Hytrulo in pemphigus vulgaris failed to show a statistically significant improvement on the primary endpoint of complete remission on a minimal dose of steroids, the analyst tells investors in a research note.
GTEC - thanks, I'll listen to the interview when I get a chance.
HALO +.28 to 35.40, the action has been a bit disappointing so far this year when considering the broad strength in the healthcare sector which as measured by XLV, the S&P sector spider, is up 2% YTD whereas HALO is down 4% .....
But the HALO chart shows support in the low $30's and I'm still accumulating so I don't mind the weakness. My average cost basis is around $39. Covered call premiums aren't so great so I haven't written any so far.
BA -21 to 228, Boeing stock under pressure after cabin depressurization incident -
https://www.wsj.com/business/airlines/the-737-max-blows-another-hole-in-boeings-reputation-14e8ce0c?st=sdx8r1plszcax9u&reflink=desktopwebshare_permalink
AESI +.20 to 16.73, I also added a few shares today .... overall cost basis is roughly $17.15. Looks like it has solid support in the $16's.
SSK - I'm surprised you're already covering after a mere 2.2% dip in the S&P500 from the high of last week. I get that you don't want to be net short, but I rather think the market has further to fall. It's been a very modest decline so far, but my hunch is that it grinds lower. We're due for at least a 5% to 10% correction, imho. Of course, getting the timing right takes some luck.
SDS, SPXS
CPE +1.25 to 34.90, APA -2.56 to 34.19, I would have preferred a larger merger premium, but with crude oil in the low $70's per barrel, this is probably near fair value. VTLE and SBOW also look like potential acquisition targets. I own shares in all three.
CPE will convert to 1.0425 shares of APA ( Apache Oil)
FNGD +.09 to 6.35, is a 3x leveraged inverse ETN for the 10 FANG stocks which are in correction mode ..... I recently picked up a small position. I think they have further to fall.
FNGU is the bullish counterpart.
S&P500 down 0.6% on heavy profit taking in the Mag7, but the S&P500 Equal Weight is up 0.2% on the day .... might be a harbinger for the year ahead.
HALO +1.24 to 38.20, I added to my position this morning. Another oversold biotech that could have a rebound year in 2024.
CVS +1.74 to 80.70, on a nice run since earnings ..... unfortunately all my shares were called away due to my covered call strategy, but I still made decent profits overall.
Yes, some of the best opportunities for the coming year are last year's oversold losers, including some of the pharmaceutical stocks.
The strongest sectors this morning are energy and healthcare which were underperformers last year.
BMY +.95 to 52.26, bucking the market trend this morning. I just picked up a small starter position. 2024 could be a decent year for the stock after an awful 2023 - one of the S&P's biggest losers.
S&P500 -27 to 4742, a weak start to the new year as expected. Delayed profit taking in the winners undoubtedly a factor. The big question is how big will this pullback be ? Just a trivial 2 or 3% dip ? Or a 5 to 10% minor correction ? Or a 10 to 15% major correction ? Or something even bigger ?
My hunch is a 5 to 10% correction over the next 1 to 2 months, but I could be way off.
SPX
Great job, SSK - thanks for running these contests.
Magnificent 7 two year performance is not so magnificent -
Gain since 12/31/21 -
TKR % Change Cur Price Start Price
NVDA 68% 495.22 294.11
MSFT 12% 375.28 336.32
AAPL 9% 193.58 177.57
META 7% 358.32 336.35
GOOG -2% 141.28 144.68
AMZN -8% 153.38 166.72
TSLA -28% 253.18 352.26
AVERAGE RETURN = 8%
The unexpected bull market of 2023 -
https://www.wsj.com/finance/stocks/what-did-wall-street-get-right-about-markets-this-year-not-much-7d4368fe?st=pgzmgkc2359lmpp&reflink=desktopwebshare_permalink
https://www.wsj.com/finance/how-i-and-everyone-else-got-2023-so-wrong-637d5f1d?st=jupfp22mzwo580y&reflink=desktopwebshare_permalink
A magnificent year for the Mag 7 -
YTD -
TKR % Change Cur Price Start Price
NVDA 239% 495.22 146.14
META 198% 358.32 120.34
TSLA 106% 253.18 123.18
AMZN 83% 153.38 84
GOOG 59% 141.28 88.73
MSFT 56% 375.28 239.82
AAPL 49% 193.58 129.93
AVERAGE RETURN = 113%
AAOI -3.57 to 18.30, getting pummeled this morning on no news. Looks like a technical selloff triggered by profit taking. Down 24% from last week's high of 24.08.
Getting back in ???
DRCT was introduced to the board by Hweb in the $3's, long before that short report. At that time it was very arguably a 50/50 chance of legitimacy. Gilead also did some good research on it. Safe to say it was an excellent risk/reward buy in the $3's .... certainly NOT a pure gamble as you called it. You have to understand probabilities. I didn't have time for much due diligence, so just bought a small position. Yes, that short attack has some merit so it seems a higher probability of being a scam now, but not 90%, though clearly it's very risky at $15.
AESI - I'm also accumulating. Falling crude oil prices weighed on the energy sector today, but fracking sand will stay in demand.
SSK - that's certainly rather bold, at least by my standards of being very cautious about shorting. But it's an index ETF, 2x leveraged, so you can't go too wrong. I added to my SPXS position today, but it's still under 1%. Plan to add again tomorrow. There's resistance at 4800, so we might be making a double top. We'll see what happens in January. It will be interesting.
Wade - hard to believe you think buying DRCT in the $3's was pure gambling. Sounds like sour grapes to me. I made some decent money in it. If there's a 50/50 chance the financials are real then it's worth at least $10. Buying a $10 stock at $3.50 is not gambling, it's a no brainer. That's simple math. I only regret not having bought more in the $3's. We still don't know whether the financials are fraudulent or not.
BMY +.14 to 51.35, is another major pharmaceutical stock that looks oversold, yielding 4.7% with a forward PE of 7 and down 32% from its 52wk high. Looks like it's bottoming. I may soon pick up a small position.
Here's the list of biggest S&P 500 losers in 2023 .... PFE is near the top. Some of these might be good turnaround plays for 2024 -
SYM Price YTD Fwd PE RSI Industry
FMC 63.25 -49% 14.0 66 Agricultural Inputs
ENPH 135.12 -49% 31.8 70 Solar
DG 136.16 -45% 18.4 64 Discount Stores
MRNA 100.52 -44% 74 Biotechnology
PFE 28.83 -44% 12.5 51 Drug Manufacturers - General
EL 147.22 -41% 35.3 63 Household & Personal Products
PAYC 206.62 -33% 25.3 61 Software - Application
AES 19.42 -32% 10.2 65 Utilities - Diversified
ETSY 81.77 -32% 31.1 54 Internet Retail
VFC 19 -31% 9.8 56 Apparel Manufacturing
ALB 149.82 -31% 11.4 62 Specialty Chemicals
HRL 31.95 -30% 19.1 50 Packaged Foods
ILMN 142.45 -30% 152.0 72 Diagnostics & Research
WBA 26.54 -29% 7.2 73 Pharmaceutical Retailers
BMY 51.28 -29% 7.0 51 Drug Manufacturers - General
NEE 60.68 -27% 17.9 56 Utilities - Regulated Electric
ES 61.77 -26% 13.6 58 Utilities - Regulated Electric
CAG 28.56 -26% 10.3 47 Packaged Foods
PODD 220.61 -25% 88.2 74 Medical Devices
CPB 42.87 -24% 13.2 53 Packaged Foods
BAX 38.88 -24% 13.0 66 Medical Instruments & Supplies
D 46.83 -24% 15.0 50 Utilities - Regulated Electric
BIO 324.86 -23% 27.9 61 Medical Devices
GIS 64.94 -23% 14.0 49 Packaged Foods
IFF 81.63 -22% 20.2 71 Specialty Chemicals
ADM 72.36 -22% 11.1 46 Farm Products
DVN 46.11 -22% 7.6 58 Oil & Gas E&P
INCY 62.92 -22% 15.1 65 Biotechnology
APA 36.6 -22% 6.4 53 Oil & Gas E&P
RVTY 110.84 -21% 24.5 79 Diagnostics & Research
SJM 125.73 -21% 12.3 66 Packaged Foods
GPC 137.85 -21% 14.0 52 Specialty Retail
HSY 184.36 -20% 18.5 46 Confectioners
KVUE 21.49 -20% 17.0 62 Household & Personal Products
PEAK 20.04 -20% 44.2 67 REIT - Healthcare Facilities
AEE 72.01 -19% 15.6 38 Utilities - Regulated Electric
AMCR 9.69 -19% 13.1 57 Packaging & Containers
CTVA 48.01 -18% 15.9 58 Agricultural Inputs
MKC 68.19 -18% 23.7 56 Packaged Foods
K 55.26 -17% 15.4 62 Packaged Foods
EVRG 52.05 -17% 13.6 55 Utilities - Regulated Electric
EXC 35.78 -17% 14.6 40 Utilities - Regulated Electric
RMD 173.17 -17% 21.4 67 Medical Instruments & Supplies
MOS 36.33 -17% 11.0 51 Agricultural Inputs
KEY 14.52 -17% 11.3 68 Banks - Regional
RTX 84.18 -17% 15.6 61 Aerospace & Defense
SCHW 69.65 -16% 18.7 70 Capital Markets
HAS 51.16 -16% 12.9 58 Leisure
CVX 150.54 -16% 10.6 57 Oil & Gas Integrated
CMA 56.33 -16% 9.9 70 Banks - Regional
MTD 1224.62 -15% 31.1 70 Diagnostics & Research
CVS 79.01 -15% 9.3 74 Healthcare Plans
CFG 33.52 -15% 9.9 71 Banks - Regional
CCI 115.55 -15% 39.9 62 REIT - Specialty
AEP 80.98 -15% 14.5 55 Utilities - Regulated Electric
NOC 466.27 -15% 19.3 48 Aerospace & Defense
EBIXQ -.42 to .74, demoted to the pinksheets today and flagged with a "Q" suffix, designating the bankruptcy filing. Traders are getting a reality check in this one !
EBIX
GCT hits $19.50 ..... another scammy stock on a big run !
Here's a history of S&P 500 momentum shifts since 2010 at a 10% threshold ..... Jan 4th 2022 marked a top followed by a 15% selloff over the next 7 weeks ..... maybe 2024 will be a repeat ?
Trend Start Price Trend End Price Gain/Loss % Days in Trend
02/05/10 1044.5 04/26/10 1219.8 16.8% 55
04/26/10 1219.8 05/06/10 1065.79 -12.6% 9
05/06/10 1065.79 05/13/10 1173.57 10.1% 6
05/13/10 1173.57 07/01/10 1010.91 -13.9% 35
07/01/10 1010.91 05/02/11 1370.58 35.6% 211
05/02/11 1370.58 08/09/11 1101.54 -19.6% 70
08/09/11 1101.54 08/31/11 1230.71 11.7% 17
08/31/11 1230.71 10/04/11 1074.77 -12.7% 24
10/04/11 1074.77 10/27/11 1292.66 20.3% 18
10/27/11 1292.66 11/25/11 1158.66 -10.4% 21
11/25/11 1158.66 04/02/12 1422.38 22.8% 88
04/02/12 1422.38 06/04/12 1266.74 -10.9% 44
06/04/12 1266.74 05/20/15 2134.72 68.5% 745
05/20/15 2134.72 08/24/15 1867.01 -12.5% 67
08/24/15 1867.01 11/03/15 2116.48 13.4% 51
11/03/15 2116.48 02/11/16 1810.1 -14.5% 69
02/11/16 1810.1 01/26/18 2872.87 58.7% 494
01/26/18 2872.87 02/09/18 2532.69 -11.8% 11
02/09/18 2532.69 09/21/18 2940.91 16.1% 156
09/21/18 2940.91 12/26/18 2346.58 -20.2% 66
12/26/18 2346.58 02/19/20 3393.52 44.6% 289
02/19/20 3393.52 03/23/20 2191.86 -35.4% 24
03/23/20 2191.86 09/02/20 3588.11 63.7% 115
09/02/20 3588.11 09/24/20 3209.45 -10.6% 16
09/24/20 3209.45 01/04/22 4818.62 50.1% 323
01/04/22 4818.62 02/24/22 4114.65 -14.6% 36
02/24/22 4114.65 03/29/22 4637.3 12.7% 24
03/29/22 4637.3 06/17/22 3636.87 -21.6% 57
06/17/22 3636.87 08/16/22 4325.28 18.9% 41
08/16/22 4325.28 10/13/22 3491.58 -19.3% 42
10/13/22 3491.58 07/27/23 4607.07 31.9% 197
07/27/23 4607.07 10/27/23 4103.78 -10.9% 66
10/27/23 4103.78 12/27/23 4785.39 16.6% 42
Wade - 256 stocks is loads to choose from ..... obviously one has to exercise due diligence and be selective.
As for a recession, the probabilities have significantly diminished from a year ago. There's always a risk of a recession, so if that was a reason to stay out of the market, one could never invest. I always stay invested and ride out recessions. If we get one in 2024 or 2025, that's fine with me.
EV sales growth is slowing, but 50% y/y is still impressive .... most people in the US are concerned about finding chargers. They're selling better in Europe and China.
https://www.wsj.com/business/autos/electric-vehicle-demand-charts-7d3089c7?st=8bpeagzqwebupez&reflink=desktopwebshare_permalink
Ok, agreed, HBI has some fundamental weaknesses. I wouldn't want to own it, but it is a single digit PE stock based on 2024 estimates as are all 256 stocks on the list. I own about 25+ stocks on the list and am not selling any of them, although a few are covered by "in the money" calls and may get called from me at Jan and Feb expirations.
As I've posted many times before, I am not a market timer and sitting in large cash positions is market timing and a formula for market underperformance. I strive to outperform the market, not underperform it. So I have no intention of suddenly impulsively selling a lot of my stocks just because we might soon get a market correction. In fact I would welcome a healthy market correction to shift my holdings into any bargains that show up. I say "bring it on".
As far as shorting is concerned, I often hedge with covered calls when the premiums are decent and occasionally with very small short positions, but that's about it. I'm always very net long and relatively light on cash.
I'm sure that's what Lentinman would say ! And so too SSK.
Sure, lots have had nice moves recently but plenty of them have moderate RSI's - for example, check out HBI .... does that 1 year chart really look so overbought to you ? It's MUCH closer to a 52wk low than high.
There are 256 stocks in the Russell 2000 that have forward PE's of under 10. Here's the list, which is sorted by industry and includes the latest RSI in case one prefers to buy weakness rather than strength -
Sym Price Fwd PE RSI Industry
DLX 21.68 6.7 74 Advertising Agencies
TSQ 10.89 7.4 64 Advertising Agencies
STGW 6.82 8.0 83 Advertising Agencies
ADV 4.01 8.2 83 Advertising Agencies
SKYW 52.61 9.2 73 Airlines
GIII 34 8.6 65 Apparel Manufacturing
HBI 4.44 9.8 61 Apparel Manufacturing
CAL 31.59 6.9 61 Apparel Retail
GES 23.65 8.0 56 Apparel Retail
HIBB 71.74 8.1 70 Apparel Retail
JILL 26.66 8.3 47 Apparel Retail
PLCE 24.01 9.5 55 Apparel Retail
VCTR 34.95 7.4 64 Asset Management
SWKH 17.77 8.8 58 Asset Management
SAMG 17.1 9.7 57 Asset Management
VRTS 245.4 9.7 79 Asset Management
ABG 223.99 7.0 55 Auto & Truck Dealerships
GPI 306.62 7.5 66 Auto & Truck Dealerships
SAH 58.05 8.3 64 Auto & Truck Dealerships
ADNT 36.53 8.0 64 Auto Parts
CVGI 7.12 8.3 60 Auto Parts
FISI 21.67 7.0 73 Banks - Regional
BSVN 27.27 7.0 63 Banks - Regional
NECB 17.81 7.1 68 Banks - Regional
SMMF 31.15 7.4 91 Banks - Regional
CARE 15.25 7.8 82 Banks - Regional
NEWT 14.44 7.8 53 Banks - Regional
MBIN 43.31 8.0 88 Banks - Regional
OSBC 15.85 8.1 61 Banks - Regional
CASH 53.84 8.1 70 Banks - Regional
MCB 56.64 8.1 82 Banks - Regional
PFBC 74.93 8.2 66 Banks - Regional
BCBP 13.23 8.4 70 Banks - Regional
HAFC 20.05 8.4 74 Banks - Regional
HTLF 38.48 8.4 75 Banks - Regional
CIVB 18.73 8.5 71 Banks - Regional
CUBI 59.67 8.6 77 Banks - Regional
FBIZ 40.49 8.7 73 Banks - Regional
EQBK 34.54 8.7 74 Banks - Regional
ORRF 29.49 8.9 79 Banks - Regional
THFF 44.66 8.9 82 Banks - Regional
FSBW 37.37 8.9 73 Banks - Regional
MPB 24.59 9.0 67 Banks - Regional
FRBA 15.05 9.1 77 Banks - Regional
BY 24.1 9.2 74 Banks - Regional
AMAL 27.41 9.2 86 Banks - Regional
PEBO 34.52 9.2 81 Banks - Regional
TBBK 39.85 9.2 52 Banks - Regional
SHBI 14.41 9.2 77 Banks - Regional
ONB 17.1 9.2 65 Banks - Regional
AX 56.8 9.2 78 Banks - Regional
FRST 12.73 9.3 83 Banks - Regional
MSBI 28.29 9.4 80 Banks - Regional
BSRR 22.77 9.4 76 Banks - Regional
MCBC 11.74 9.5 77 Banks - Regional
CBAN 13.33 9.6 86 Banks - Regional
MBWM 41.72 9.7 74 Banks - Regional
WAFD 33.67 9.7 74 Banks - Regional
CFB 13.91 9.7 80 Banks - Regional
BWFG 30.7 9.7 72 Banks - Regional
HBT 21.54 9.8 68 Banks - Regional
PFS 18.55 9.8 75 Banks - Regional
CZFS 65.33 9.8 73 Banks - Regional
EFSC 45.59 9.9 73 Banks - Regional
CBNK 24.53 9.9 79 Banks - Regional
CCBG 30.73 10.0 63 Banks - Regional
LCNB 16.65 10.0 64 Banks - Regional
CTXR 0.79 1.1 51 Biotechnology
AMLX 14.54 9.0 52 Biotechnology
HALO 36.9 9.6 42 Biotechnology
HRMY 32.97 9.8 62 Biotechnology
GTN 8.92 2.2 61 Broadcasting
TGNA 15.24 4.3 49 Broadcasting
SSP 7.87 4.4 55 Broadcasting
DOOR 86.01 9.9 46 Building Products & Equipment
GMS 83.85 10.0 83 Building Products & Equipment
ACCO 5.88 5.4 64 Business Equipment & Supplies
APLD 7.55 5.1 73 Capital Markets
AMRK 31.58 5.5 65 Capital Markets
BGC 6.84 7.5 65 Capital Markets
ARCH 169.3 6.1 62 Coking Coal
HCC 62.28 7.6 74 Coking Coal
METC 17.84 8.4 64 Coking Coal
DZSI 1.93 2.4 64 Communication Equipment
COMM 2.85 3.7 73 Communication Equipment
AVNW 32.87 8.2 61 Communication Equipment
RGP 14.16 8.5 52 Consulting Services
BFH 33.52 4.0 62 Credit Services
GDOT 10.22 5.4 62 Credit Services
RM 26.66 5.5 64 Credit Services
NAVI 18.87 6.8 59 Credit Services
ENVA 56.23 6.8 78 Credit Services
ATLC 38.7 7.3 77 Credit Services
OPFI 5.17 7.4 79 Credit Services
PMTS 19.74 8.3 63 Credit Services
EBS 2.4 2.5 52 Drug Manufacturers - Specialty & Generic
SIGA 5.53 4.7 50 Drug Manufacturers - Specialty & Generic
COLL 30.78 5.2 82 Drug Manufacturers - Specialty & Generic
PAHC 11.64 9.6 58 Drug Manufacturers - Specialty & Generic
PCRX 34.31 9.9 76 Drug Manufacturers - Specialty & Generic
CHGG 11.29 9.4 63 Education & Training Services
PRDO 17.95 9.5 56 Education & Training Services
ATKR 163.39 9.1 80 Electrical Equipment & Parts
ENR 31.97 9.3 52 Electrical Equipment & Parts
RELL 13.59 7.1 58 Electronic Components
SANM 52.11 8.4 56 Electronic Components
DAKT 8.41 9.1 37 Electronic Components
SCSC 39.93 9.5 78 Electronics & Computer Distribution
TPC 9.1 5.8 64 Engineering & Construction
AMCX 18.51 2.9 57 Entertainment
SBGI 12.98 3.8 49 Entertainment
TEX 58.53 8.2 66 Farm & Heavy Construction Machinery
HY 61.97 8.3 83 Farm & Heavy Construction Machinery
TWI 15.11 8.5 68 Farm & Heavy Construction Machinery
REVG 18.79 9.1 71 Farm & Heavy Construction Machinery
WNC 25.8 9.3 62 Farm & Heavy Construction Machinery
SPTN 23.17 9.7 55 Food Distribution
DBI 9.27 9.7 47 Footwear & Accessories
CPSI 10.88 5.9 44 Health Information Services
HVT 36.05 9.7 72 Home Improvement Retail
NUS 19.25 9.1 57 Household & Personal Products
TITN 29.14 6.4 66 Industrial Distribution
IBEX 19 8.3 63 Information Technology Services
JXN 52.02 3.3 70 Insurance - Life
GNW 6.85 6.0 73 Insurance - Life
AEL 55.82 7.8 65 Insurance - Life
CNO 28.09 9.1 69 Insurance - Life
UVE 16.14 9.5 48 Insurance - Property & Casualty
NMIH 30.12 7.4 69 Insurance - Specialty
ACT 29.35 8.0 72 Insurance - Specialty
RDN 28.93 8.5 74 Insurance - Specialty
CRD-A 12.74 10.0 70 Insurance Brokers
DTC 6.2 6.0 71 Internet Retail
VSTO 29.85 6.7 63 Leisure
JAKK 35.38 6.9 68 Leisure
XPOF 12.45 9.9 50 Leisure
PANL 8.11 9.3 77 Marine Shipping
GNK 16.45 9.4 67 Marine Shipping
MODV 45.28 6.9 67 Medical Care Facilities
MD 9.56 7.4 53 Medical Care Facilities
AHCO 7.17 9.3 42 Medical Devices
EMBC 18.87 8.5 63 Medical Instruments & Supplies
CMPO 5.44 5.1 56 Metal Fabrication
OCN 31.22 5.5 79 Mortgage Finance
ECPG 51.32 7.8 68 Mortgage Finance
COOP 66.1 8.0 67 Mortgage Finance
PFSI 89.14 9.7 68 Mortgage Finance
PTEN 11.07 8.4 42 Oil & Gas Drilling
HP 36.94 9.9 48 Oil & Gas Drilling
REI 1.54 2.5 48 Oil & Gas E&P
SBOW 29.11 3.0 44 Oil & Gas E&P
REPX 28.38 3.7 59 Oil & Gas E&P
VTLE 47.29 3.9 58 Oil & Gas E&P
EGY 4.7 4.2 58 Oil & Gas E&P
AMPY 6.08 4.4 50 Oil & Gas E&P
CPE 33.57 4.7 55 Oil & Gas E&P
CIVI 70.85 4.9 57 Oil & Gas E&P
NOG 38.49 5.3 57 Oil & Gas E&P
GPOR 136.41 5.4 59 Oil & Gas E&P
KOS 6.98 5.7 58 Oil & Gas E&P
HPK 15.07 5.9 52 Oil & Gas E&P
SM 39.97 6.4 63 Oil & Gas E&P
GRNT 6.22 6.8 54 Oil & Gas E&P
CHRD 170.77 6.9 65 Oil & Gas E&P
EPM 5.88 6.9 45 Oil & Gas E&P
MTDR 58.97 6.9 57 Oil & Gas E&P
CRK 9.08 7.8 40 Oil & Gas E&P
MUR 44.19 7.9 57 Oil & Gas E&P
PR 13.91 8.1 61 Oil & Gas E&P
BRY 7.28 8.4 56 Oil & Gas E&P
CRC 55.87 8.9 67 Oil & Gas E&P
MGY 22.03 9.1 56 Oil & Gas E&P
CRGY 13.66 9.1 71 Oil & Gas E&P
VTS 22.33 9.6 44 Oil & Gas E&P
KLXE 11.85 4.9 74 Oil & Gas Equipment & Services
LBRT 18.59 5.8 48 Oil & Gas Equipment & Services
ACDC 8.51 6.1 52 Oil & Gas Equipment & Services
AESI 17.92 6.4 56 Oil & Gas Equipment & Services
RNGR 10.52 6.4 51 Oil & Gas Equipment & Services
SOI 7.9 6.6 35 Oil & Gas Equipment & Services
SLCA 11.49 7.2 53 Oil & Gas Equipment & Services
RES 7.46 7.5 53 Oil & Gas Equipment & Services
PUMP 8.54 7.7 42 Oil & Gas Equipment & Services
BOOM 19.45 9.1 68 Oil & Gas Equipment & Services
MRC 11.17 9.7 63 Oil & Gas Equipment & Services
INSW 46.17 5.5 54 Oil & Gas Midstream
LPG 45.83 8.4 66 Oil & Gas Midstream
PBF 45.3 6.5 54 Oil & Gas Refining & Marketing
PARR 36.89 7.9 62 Oil & Gas Refining & Marketing
WKC 23.15 9.9 69 Oil & Gas Refining & Marketing
HLF 15.4 4.9 66 Packaged Foods
OI 16.97 6.6 66 Packaging & Containers
CLW 36.22 7.7 51 Paper & Paper Products
SLVM 50.1 9.9 53 Paper & Paper Products
FOR 34.24 9.1 68 Real Estate - Development
RMAX 13.2 9.7 69 Real Estate Services
MBUU 55.76 9.3 75 Recreational Vehicles
MPX 11.93 9.5 65 Recreational Vehicles
WGO 73.8 9.6 63 Recreational Vehicles
MCFT 23.53 9.7 69 Recreational Vehicles
GNL 10.04 7.3 66 REIT - Diversified
IVR 9.58 2.2 76 REIT - Mortgage
ARR 19.92 5.0 67 REIT - Mortgage
CIM 5.28 7.2 57 REIT - Mortgage
EFC 12.97 7.4 53 REIT - Mortgage
REFI 17.47 7.5 76 REIT - Mortgage
MFA 11.77 8.0 67 REIT - Mortgage
TWO 14.23 8.2 61 REIT - Mortgage
NREF 16.03 8.4 56 REIT - Mortgage
RC 10.99 8.6 58 REIT - Mortgage
FBRT 14.41 8.8 67 REIT - Mortgage
ABR 16.09 8.9 66 REIT - Mortgage
AOMR 10.96 9.2 63 REIT - Mortgage
BRSP 7.89 9.5 74 REIT - Mortgage
LADR 11.92 9.8 67 REIT - Mortgage
BXMT 22.75 9.8 55 REIT - Mortgage
AFCG 13.22 6.4 70 REIT - Specialty
PRG 31.97 9.3 64 Rental & Leasing Services
AAN 11.18 9.9 65 Rental & Leasing Services
BZH 33.98 6.3 71 Residential Construction
GRBK 53.01 7.6 65 Residential Construction
TMHC 54.22 7.9 77 Residential Construction
MHO 138.03 8.5 88 Residential Construction
KBH 63.07 8.8 73 Residential Construction
LEGH 24.4 9.0 62 Residential Construction
MTH 176.57 9.4 72 Residential Construction
TPH 36 10.0 76 Residential Construction
DIN 50.85 7.9 62 Restaurants
MG 7.36 9.4 73 Security & Protection Services
GEO 11.15 9.9 70 Security & Protection Services
SGH 19.21 8.5 68 Semiconductors
EGHT 3.77 7.3 67 Software - Application
ADEA 12.54 8.7 85 Software - Application
UPBD 34.65 9.2 74 Software - Application
RMNI 3.31 9.6 59 Software - Application
APPS 6.99 9.9 66 Software - Application
CCSI 25.84 4.9 57 Software - Infrastructure
RPAY 8.51 9.5 72 Software - Infrastructure
VRNT 27.48 9.7 62 Software - Infrastructure
IMXI 22.14 10.0 67 Software - Infrastructure
WTTR 7.68 6.6 61 Specialty Chemicals
ECVT 10.03 10.0 58 Specialty Chemicals
PKOH 26.9 7.0 69 Specialty Industrial Machinery
BBW 23.03 6.3 40 Specialty Retail
SBH 13.64 6.7 78 Specialty Retail
HZO 38.82 8.0 72 Specialty Retail
ONEW 34.72 8.1 77 Specialty Retail
ASO 66.13 8.8 77 Specialty Retail
HSII 29.48 9.5 66 Staffing & Employment Services
RBBN 2.95 8.8 84 Telecom Services
CEIX 103.17 5.9 54 Thermal Coal
BTU 24.97 6.6 62 Thermal Coal
VGR 11.42 8.7 58 Tobacco
TPB 26.35 10.0 75 Tobacco
ULH 28.54 6.1 67 Trucking
ARIS 8.54 8.4 56 Utilities - Regulated Water
I added ACDC and FTK to my watchlist ..... they're cheap if analyst 2024 estimates are correct, but I'm skeptical. I like AESI a lot more at this point, but maybe that will change as the quarterly earnings get reported. Good luck.