Buy the Dips Summer Stock

Put down the 10-K filings and the stock screeners. It’s time to take a break from the traditional methods of generating investment ideas.┬áToday we’ll leverage the power of the crowd to take a look at some of the most active stocks on the market.

It’s a concept that’s known as “crowdsourcing,” and it uses the masses to identify emerging trends in the market.

Big picture, the stock market averages are correcting modestly this afternoon. The S&P 500 Index is off by 32 basis points as I write, with 350 S&P components lower now. While volatility is generally very low, there’s no shortage of large stocks that are teetering on the verge of breakout territory Tuesday. That’s particularly true in the perennially high-volume stocks we’re taking a look at today.

More importantly, those market-moving narratives are creating trading opportunities for investors who are paying attention.

Meanwhile, Jim Cramer isn’t buying Apple here, and says Facebook and Alphabet look better on a dip.