Why Tim Sykes hunts the ugliest stocks he can find

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SUN NOV 1 · THE WEEK AHEAD Last week: SPY −0.56% QQQ −1.97% DIA −0.81% IWM +1.30%

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Some of the ugliest little companies make the biggest moves.
Tim Sykes built an indicator to catch the setup.
Sykes calls these runs Supernovas. He says they tend to start with a tight float, unusual buying and a confirmed breakout, in stocks Wall Street doesn't cover. He went through years of these trades and boiled the pattern down to 18 lines of code.

See the Indicator

KEY TAKES

Last week SPY lost 0.56% and QQQ lost 1.97%, while small caps (IWM) gained 1.30%. The Nasdaq finished Friday at a three-month low (Reuters).
Apple and Palantir report Monday night and AMD on Tuesday night. Tuesday is Election Day, and the October jobs report lands Friday at 8:30 AM ET.
Whitney Tilson on the billionaire who put half his $9 billion fund into one AI stock (From MarketWise)

THE WEEK AHEAD

Last week, next quarter set the price. Intel fell 28.6% Friday on a weak outlook, and ServiceNow and Reddit each lost about a third on the week. This week the same test hits Apple, Palantir and AMD, then payrolls.

Mon Nov 2
ISM manufacturing 10:00 AM ET, consensus 54.7 against 54.5. Marriott before the open. Apple and Palantir after the close, both calls 5:00 PM ET. ON Semiconductor and Roku also report.

Tue Nov 3
Election Day. JOLTS job openings and factory orders 10:00 AM ET. Pfizer, Apollo and Shopify before the open. AMD (call 5:00 PM ET), Amgen, Arista and Booking after the close.

Wed Nov 4
ADP private payrolls 8:15 AM ET, ISM services 10:00 AM ET. Uber (call 8:00 AM ET), CVS and Novo Nordisk before the open, with McDonald's expected but not confirmed. Arm, Qualcomm, AppLovin and DoorDash after the close.

Thu Nov 5
Weekly jobless claims and productivity 8:30 AM ET. Airbnb after the close.

Fri Nov 6
October jobs report 8:30 AM ET. Forecasts run from about 55,000 to 65,000 jobs, with unemployment seen at 4.2%. Consumer sentiment 10:00 AM ET.

THE BAR

Palantir guided to third-quarter revenue of $2.160 billion to $2.164 billion. It closed Friday at $184.11 after a 6.3% drop.

AMD guided to about $13 billion, plus or minus $300 million. It fell 10.9% Friday to $504.80. Both sold off into their reports, so the outlook matters more than the quarter. Prices are Friday closes.

ONE TO WATCH MONDAY NIGHT

Apple (AAPL) closed Friday at $344.63, down 0.89% on the week from $347.73. Friday it dipped as low as $334.35 before recovering, on about 67.8 million shares. The four sessions before that ran 36 million to 43 million.

It reports Monday after the close, call 5:00 PM ET. Analysts expect $1.98 a share, up from $1.85 a year ago. The tell is what Apple says about the December quarter. Last week a soft next quarter cost Intel more than a quarter of its value in one day.

SHH. THIS IS A CLUB.

Seats here go to people who read. It's a heavy week, so keep opening and the chair stays yours.

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Signal over noise. Sunday evening look at the week of Nov 2 to Nov 6. Prices are Friday Oct 30 closes. Next session is Monday.

Why Tim Sykes hunts the ugliest stocks he can find

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