Afternoon — welcome back to The Simple Side, or what some like to call their stock market news espresso — a shot of the most interesting trading action from this week.
Here’s what we got coming at you this morning:
Quick News For The Week Ahead w/ Abnormal Earnings Movement Predictions
Politician Trading Report PLUS Politician ETFs
Insider Trading Report
Officer Trading Report
Weekly Stock Highs and Lows
Quick News For The Week Ahead
Investors should be on the lookout for a couple of big announcements next week including Tuesday’s “Consumer Confidence” report, Wednesday’s “New Home Sales” report, and, most importantly, Friday’s “Personal Consumption Expenditure” (or PCE) report (also known as a fancy way to say inflation measure).
Currently, analysts predict that consumer confidence and PCE readings will slip, but not by much. This starkly contrasts the predictions for new home sales as they are expected to rise.
We believe these reports to be fairly accurate. Consumer confidence is likely to fall; however, we believe that PCE will remain the same or drop slightly. We also believe new home sales will not see the large increase that is being called for. Rates did drop but the numbers will likely sit below the predicted 650,000.
Also, I quickly wanted to point out that Apple’s M3 chip is CRUSHING its competition. Qualcomm — a chip manufacturer — newest chip is running slower than the M3 and is having issues running Adobe software as well as games in Samsung laptops.
In other news, we have found some interesting earning reports you should be on the lookout for due to some higher-than-normal predicted price movements.
On Monday: Check out Enerpac Tool Group EPAC 0.00%↑ where the implied price movement is 11%
On Tuesday: Watch Carnival Corporation CCL 0.00%↑ where the implied price movement is 8%
On Wednesday: Be on the lookout for BlackBerry BB 0.00%↑ where the expected price movement is 16%
On Thursday: We have Nike NKE 0.00%↑ expected to move by 7%
On Friday: Nothing for you… hopefully it’s a quiet day!
Alright, it’s time for our top fives; regarded as the five most valuable Wall Street has to offer. We have reports on politician trading, insider trading, officer trading, plus weekly stock highs & lows.
Sounds like it’s going to take hours to report on, but here at
there are three certainties in life…Death
Taxes
Our five reports getting delivered in under 10 minutes.
If there are other insights you would like us to track please let us know by either leaving a comment or messaging us directly at “The Simple Side . substack . com”
Politician Trading Report & Politician ETFs
Our politician trading report tracks the five most recent trades while our new politician ETF report tracks the returns of ETFs NANC 0.00%↑ and KRUZ 0.00%↑.
Currently, the democrat tracking ETF is up 0.14% on the week and 20.71% YTD.
The republican tracking ETF is up 1.52% on the week and 9.06% YTD.
Recently filed politician trading is similarly interesting. Over the past 30 days, 13 politicians have made 364 trades with a total volume of 4.65 million dollars.
Here are the five most recent trades:
Insider Trading Report
Our insider trading report tracks the five largest insider buys from the past week.
The most interesting insider buy this week came from Berkshire Hathaway which bought Occidental Petroleum for the third week in a row — total buying is now at over $200 million.
Officer Purchases
Our officer purchases report tracks the five most recently bought stocks from company executives.
This week’s five had an ownership growth of 9% in two companies with 3 buyers adding new positions in a different company (ATLN is only traded as a pink slip so get ready to pull some Wolf on Wall Street moves if you want to buy that!)
Weekly Stock Highs & Lows
Alright, we can finally get into the top five best and worst-performing stocks from this past week.
Top Five Weekly Gainers
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Name: Allego N.V.
1 Week Change: 128.57%
Stock Price: 1.68
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Name: GRIID Infrastructure Inc.
1 Week Change: 92.06%
Stock Price: 1.20
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Name: SeaStar Medical Holding Corporation
1 Week Change: 87.27%
Stock Price: 7.21
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Name: Allurion Technologies Inc.
1 Week Change: 85.37%
Stock Price: 2.28
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Name: Nexalin Technology, Inc.
1 Week Change: 82.38%
Stock Price: 1.64
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Top Five Weekly Losers
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Name: Aerovate Therapeutics, Inc.
1 Week Change: -93.66%
Stock Price: 1.56
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Name: AVROBIO, Inc.
1 Week Change: -92.06%
Stock Price: 1.40
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Name: Feutune Light Acquisition Corporation
1 Week Change: -75.17%
Stock Price: 2.56
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Name: Redwoods Acquisition Corp.
1 Week Change: -62.09%
Stock Price: 2.34
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Name: Zentalis Pharmaceuticals, Inc.
1 Week Change: -46.27%
Stock Price: 4.75
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“The main purpose of the stock market is to make fools of as many men as possible.”
- ¢, Founder of The Simple Side
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