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Alfonso’s Daily Note

Momentum Goes Global

April 29, 2025

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For years, Momentum was basically code for US growth, big tech and high-flyers. But 2025 is rewriting that script.

This year has been all about international equities.

While US indexes have chopped sideways, many global ETFs are quietly making new 52-week highs relative to the S&P 500.

The Intl Momentum Factor ETF $IMTM tells the story of what's been unfolding in abroad and where the strength is emerging.

 

The ETF is breaking out to new all-time highs, driven by Financials and Industrials, which make up 34% and 18% of the...

Hot Corner Insider

Tesla $TSLA Sees Its First Insider Buy in Five Years

April 29, 2025

📌 The most significant insider buy today comes from Tesla $TSLA, where Airbnb $ABNB co-founder and Tesla board member Joe Gebbia stepped up with a $1 million purchase.

This marks the first insider purchase of Tesla stock in roughly five years.

Here’s The Hot Corner, with data from April 28, 2025:

 

Click the table to enlarge it.

📌 Over in clean energy, Enphase Energy $ENPH got a confidence boost from the top, as President and CEO Badri Kothandaraman picked up $185,000 worth of stock, backing a potential turnaround in solar.

📌 Finally, Pzena Investment Management filed 13Gs revealing initial 5.10% stakes in both Skyworks Solutions $SWKS and Spectrum Brands $SPB.

Alfonso’s Daily Note

The Beachball Effect

April 28, 2025

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While markets have been volatile over the past few weeks, these turbulent periods often present the best opportunities to identify future leaders.

When the market’s under pressure, I’m always looking for the names that refuse to go down.

That’s what relative strength looks like.

It’s called the Beachball Effect.

Picture a beachball underwater — no matter how hard you push it down, it just keeps fighting to pop back up.

And when the pressure lifts, these are the names that tend to rip first — and rip the hardest.

To help visualize this, we built a table combining two factors:

🔹Stocks currently in a bullish momentum regime...