Hey, Ross here:
We’ll talk a little more about the so-called “banking crisis” that’s plaguing the markets in a bit.
But first, don’t forget that there are stocks that are always advancing no matter what’s happening in the markets.
Chart of the Day
Perion (PERI) is an Israeli-based digital advertising firm posting tremendous numbers.
Sales are growing at >30% per quarter and earnings growth is even higher.
I talked about this stock last week as well. As expected, PERI broke out and ran 8% in the first three days.
But that move came to a halt Thursday when the market fell apart, giving traders a second chance to buy this one at the breakout point (white horizontal line).
And now, there may be a third chance. The market has taken some heavy losses, but PERI has been holding strong – quickly recovering back to the breakout point.
I would work a stop at $32.45 to risk just 5% on the trade.
P.S. Want me to send you special trade prospects and potential market moves directly to your phone? Text the word ross to 74121.
Insight of the Day
What the masses do – and what “those in the know” do – are rarely the same.
While investors are running around worried about the so-called “banking crisis” and dumping banking stocks – check out what those who lead those banks are actually doing.
That’s right. The people who 100% know more about what’s going on than the public – they’re buying.
My rule of thumb – always watch what the insiders are doing. Because they have access to a level of information that’s practically impossible for you and I to get.
I’ve studied these corporate insiders extensively. And disturbingly, I’ve found that the best of them can have an almost unbeatable track record.
Editor, Stock Surge Daily