• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing

These Pockets of Momentum Are Where the Action Is in This Market

Until that action dies it is difficult to be too bearish.
By JAMES "REV SHARK" DEPORRE
Jun 18, 2018 | 10:45 AM EDT
Stocks quotes in this article: IQ, BILI, HUYA, SOGO, HEAR, TPIV, SRPT, AUPH, WTI, GNK

The dip buyers couldn't resist a gap-down open caused by trade war worries but the question now is whether they will stick around. Although the indices are off the early lows there is some hesitancy to aggressively chase. While the dip buyers tend to be reflexive they are aware that this easy trade is bound to become more difficult sooner or later.

The most interesting action on my screens right now is the continued strong momentum in recent China IPOs. iQIYI, Inc. (IQ) , Bilibili Inc. (BILI) , HUYA Inc. (HUYA) and last week's Stock of the Week, Sogou Inc. (SOGO) , are all running higher once again. All of these names are technically extended at this point but that doesn't seem to matter much to momentum chasers.

There are some other areas of momentum, too, such as Turtle Beach Corp. (HEAR) and TapImmune, Inc. (TPIV) but the strength is narrowing.

Biotechnology is also offering some momentum as Sarepta Therapeutics, Inc. (SRPT) and Aurinia Pharmaceuticals Inc. (AUPH) show up on the scans.

In the commodity-related sectors W&T Offshore, Inc. (WTI) and Genco Shipping & Trading Ltd. (GNK) are showing life.

The overall market is struggling but there still are these pockets of momentum that are attracting interest. Until that action dies it is going to be difficult to be too bearish.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Rev Shark was long IQ, SOGO, HEAR, TPIV, SRPT and GNK.

TAGS: Investing | U.S. Equity | Markets | How-to | Stocks

More from Investing

The Bond Market vs the Fed

Bob Lang
Mar 1, 2021 11:30 AM EST

Bond holders fear inflation with a passion.

Verizon: The Risk Is to the Upside

Stephen Guilfoyle
Mar 1, 2021 11:00 AM EST

There is potential to turn VZ from a stable telecom into a 'growthy' type name.

There's an Oversupply of Positive Action Right Now

James "Rev Shark" DePorre
Mar 1, 2021 10:39 AM EST

The longer this continues, the more anxiety there will be about being underinvested.

Rocket Companies Is Not Ready to Blast Off

Bruce Kamich
Mar 1, 2021 10:36 AM EST

The company went public seven months ago.

The Ongoing Hunt for Deep-Value Stocks Turns Up 3 Candidates

Jonathan Heller
Mar 1, 2021 10:30 AM EST

American Outdoor Brands, Fonar Corp. and Suralign Holdings present value investing opportunities.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 08:09 AM EST GARY BERMAN

    Monday Morning Fibocall for 3/1/2021

    Always a good idea to know where our bounce zones ...
  • 11:51 AM EST REAL MONEY

    Watch Bob Lang and Doug Kass Discuss Short-Selling!

    Bob Lang and Doug Kass with an engaging and educat...
  • 11:32 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Navigating a Market Correction
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login