We got the healthy and much needed pullback that I anticipated over the past few weeks, and the market is already swinging back in our favor with earnings season here and strong showings from some big-name tech companies this week.
Our companies are also wrapping up a mostly strong week, except for Saia Inc. (SAIA), which is getting hit today after earnings. We'll talk more in Monday's update, but the company is staying with its growth plans, and other shipping companies are also talking about lingering softness in the market that they expect to end soon.
We took advantage of the pullback on Wednesday by adding a great stock on a bit of a discount. Pentair (PNR) is a smaller company with incredible growth potential, which is just what we're looking for. In this video issue, I'll go over more details on why I like PNR and show you the data behind my analysis.
I'll also go over what's happening in the market, including the Big Money Index that continues to fall from overbought, and what we can expect for the coming months.
We'll also check in on our Quantum Edge Pro portfolio. Our winners remain much bigger than our losers, and by moving on from Axcelis Technologies (ACLS), we made room for exciting new opportunities.
We're seeing normal market volatility, which we have to expect from time to time. But with strong stocks in our portfolio, we can ride it out and use this as an opportunity to shop for more great stocks.
Enjoy the video issue, and reach out with any questions, comments, or to share any big wins. Just email me at jasonqe@tradesmith.com.
Stay tuned for another new opportunity soon, and have a great weekend!
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