(If you find the notes below difficult to follow, the video will help).
Market risk assessment:
- Inordinate, New Purchases 2% Of Cash Position.
- SPY currently trading at $406.59. Indicated BuyAt $378.93 (6.8% below current market), SellAt $420.11 (3.32% above current market).
- Calculation based on proximity of current price to the Algo-indicated BuyAt and SellAt prices of the S&P 500 and the fifty fastest-growing, low-debt, highly profitable companies trading on US exchanges.
- Click on images to expand.
SuperGrowth MultiBagger: ZM – Zoom Video Communications Inc
Zoom is the most profitable, fastest growing of all SuperGrowth MultiBaggers. In fact, it is the most profitable of all public companies.
As with many covid-related stocks, Zoom has been relatively weak lately.
Closest to indicated BuyAt (12.6% above): BJ – BJ’s Wholesale Club Holdings Inc
BJ’s Wholesale Club is currently trading 12.6% above is indicated BuyAt level, which is the closest to a buy of any SuperGrowth MultiBagger. The lack of attractive buys is, of course, a function of the current market surge.
BJ’s has benefited, as have most supermarkets, from less dining out. There are however signs that in this case the trend may last, including membership sales. See Research Notes in the Portfolio Review.
Here’s a quick look at BJ’s Summary Report. Key trends are strong. In terms of financial strength, with interest coverage by operating free cash flow at 8.1 times, the company’s coverage is about average for US public companies (at 8.26 times).
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