Hello everyone, and welcome back from the weekend. Before we get too far into the new trading week though, I want to backtrack just a bit and ask... did everyone see Sunday's televised look at Oakridge Global Energy Solutions (OGES)? Somebody sure did. OGES was up a whopping 73% today (no that wasn't a typo) following the national exposure.
I hate to be the one to say I told you so, but, I told you so.
Here's the really cool part - that was just part one. There are still two segments to go in the 90-minute look at the company's breakthrough technology. I have to think the next two half-hour segments could do just as much in terms of publicity as yesterday's did.
In any case, if you missed it, good news - you can watch the replay online. It's a great updated look for those of you who are familiar with Oakridge Global Energy Solutions, but it's a fantastic look for anyone who's not yet acquainted themselves with OGES.
I still don't know when the next two parts of the three-part "Power Up America" program will be airing (unless I just missed it somewhere in the midst of the show), but I'm guessing it will be the next two Sundays like yesterday's was. I'll let you know if and when I find out for sure.
In the meantime, take a look at the chart of OGES. As red hot as today's move was, we still see plenty of room for more upside. The next segment of the three could be just as bullish for the stock as the first one was.
By the way, the media attention Oakridge Global Energy Solutions garnered on Fox Business wasn't the only news from or for the company today. OGES also announced its 'Generation 2' lithium-ion batteries had completed their design phase in the second quarter and would go into production in the fourth quarter. The new lines of battery products will power golf carts, medical equipment, and meet home-based energy-storage needs.
It's another step toward Oakridge becoming the pace-setter in the world of lithium-ion batteries. It matters too. The lithium-ion battery market is going to be worth $70 billion by 2020, and Oakridge Global Energy Solutions' batteries are looking better than anything else on our radar, battery-wise.
Speaking of Featured Stocks that are really starting to move, did everybody see Biotricity (BTCY) today? Or, maybe I should ask if everyone's seen BTCY over the course of the past couple of weeks.
It's admittedly a back and forth affair from one day to the next, but when you take a step back and look, you can see the undertow is net-bullish. More than that, you can see the bullish volume is still perking up - new buyers are still flowing in. That's a good sign in a market environment where we're not seeing a whole lot of volume for many stocks, or overall.
There's not been any news from Biotricity in the past few days either. This is all happening organically, which makes it even more compelling.
As far as the broad market goes, well, I doubt you need me to tell you the S&P 500 just finished its ninth day of sideways motion, trapped between a range of 2160 and 2175.
At first the pause had bearish implications. The longer stocks just moved sideways though, the longer all the usual support levels have had a chance to catch up with the early July surge. Now I'm not so sure we have to count on a pullback here. I'm still expecting one, but I thought James Brumley dished out something pretty darn prudent in today's edition of the Under the Radar Movers newsletter:
"... while stocks are certainly vulnerable to a pullback here, until they actually give us stronger evidence that's happening, we're content to stay on the sidelines, or on the fence.
The key will be the VIX. Once the VIX starts to move meaningfully higher (and clear some of its resistance lines in the process), that will be the big clue."
He's right. It's better to respond to what the market IS doing rather than what you think the market SHOULD be doing. That's why he wasn't afraid add a new long-term bullish idea to the URM's long-term portfolio today even though a headwind could be brewing. This market could climb a wall of worry. And if it doesn't, you can simply pull the plug on a trading idea that isn't moving in the right direction.
With that as the backdrop, check out the vital stats on the new pick he added to his portfolio on Monday.
If you look closely, you'll see the three recently-completed quarters were high-revenue affairs, and put the earnings trend back on the right track. At the same time, the stock in question has made a string of higher highs since early-2016, and is still going strong thanks to some precise support at the 100-day moving average line. Helping the effort is a forward-looking P/E of 12.3. Yet, it's not like this name has to plow into record-high territory.
How does he find these buried treasures? This is one of those rare trading ideas that's got a good shot at continuing to move higher regardless of what the market does from here. I'm sure a lot of Under the Radar Movers members are glad he found it.
I can guarantee you this is a great pick most people would have never found on their own.
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