Ep. 232 David Ryan: How To Size Positions Like A Three-Time U.S. Investing Champion
Aug 31, 2023
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Guest David Ryan, three-time U.S. investing champion and protege of IBD founder Bill O'Neil, shares his approach to sizing positions for huge stock moves. He reviews his winning trades, discusses current stocks like TDW, OII, and CRS, and provides an updated view on market conditions.
Sizing positions is crucial for capturing huge stock moves and can significantly impact your portfolio.
Tidewater, Oceaneering International, and Carpenter Technology are stocks to watch for potential future opportunities.
Cyclical sectors like offshore oil and gas and beauty products are presenting potential investment opportunities.
Deep dives
Tidewater: Recovering offshore industry presents a potential opportunity
Tidewater has shown a consistent uptrend since October 2022, with a breakout in June 2023 and strong recent earnings. The CEO's positive comments about the offshore industry on the conference call further support the potential for growth.
Oceanering International: Solid performance in the offshore sector
Oceanering International has demonstrated strong bases and steady growth since June 2022. The company has recently announced the acquisition of a skincare company, which is expected to contribute to future earnings. Despite some recent volatility, the stock is still showing promise.
CRS Technology: A longer-term holding with consistent bases
CRS Technology has shown steady uptrends accompanied by base formations. The stock has seen multiple buy points and consistent relative strength. While it may need to go through a longer base formation, it remains a stock to watch for future opportunities.
Elf Beauty: Impressive growth with strong consumer demand
Elf Beauty has experienced continuous base formations and impressive growth since October 2022. The stock has shown resilience during market selloffs and positive market reactions to their earnings and product performance. While it may need to consolidate after its recent run-up, the company's solid track record warrants attention.
Summary: Opportunities in cyclical sectors like oil and gas
Cyclical sectors, such as offshore oil and gas and beauty products, are presenting potential opportunities. Stocks like Tidewater, Oceanering International, CRS Technology, and Elf Beauty have shown consistent growth, strong earnings, and positive industry outlooks. While some stocks may require caution due to recent price levels, their track records and market dynamics make them worth monitoring for potential future investments.
David Ryan, three-time U.S. investing champion and protege of IBD founder Bill O'Neil, joined the "Investing With IBD" podcast to share his approach to sizing positions in order to capture huge stock moves that can really move the needle in your portfolio. Ryan reviews some of his trades from his years winning the U.S. investing championship as well as current stocks he has his eye on like Tidewater (TDW), Oceaneering International (OII) and Carpenter Technology (CRS). Plus, he provides an updated view on current market conditions given the recent follow-through day.