Trading Places with Tom Bowley

Here's A Potential New Leader In 5G And Cloud Technology That You May Not Have Heard Of

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In the land of trillion dollar companies, it may seem difficult to find new and exciting young companies to invest in. But if you do some research, you can find them. When I was running scans and doing homework a couple weeks to uncover stocks for my Strong AD ChartList (AD = accumulation/distribution), many smaller stocks came across my radar. One was Inseego Corp (INSG). Ever heard of them? I hadn't. They've been rising rapidly and their stock price just pushed above $1 billion (not trillion!). Two weeks ago, they preannounced that their quarterly revenues would exceed current estimates of $52 million. Wall Street has noticed. Check out this chart and specifically look at the breakout and the strong AD line:

Accumulation/distribution has been strong for months and so has its relative strength. That's the reason that INSG is on our Strong AD ChartList (which is available for download for EB.com members if also an Extra member or above at StockCharts.com).

Volume has been massive of late for INSG, another significant sign of accumulation. Later today, I'm hosting a FREE webinar, "Q1 Earnings Sneak Preview". I'll be discussing INSG and many other stocks that are being accumulated by Wall Street during this pandemic. If you'd like to join me for this fun and educational event, the following is a link to join the webinar:

https://zoom.us/j/96694343763

The room will be open by 4pm EST, as the stock market closes. Again, it's completely free and should provide some excellent information. I hope you can join me!

Tom

Tom Bowley
About the author: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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