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Silvergate Capital (SI) reported Q1 2022 results yesterday morning and held a conference call later in the day. Digesting the results took some time but at a high level the trends are very solid, despite a somewhat messy quarter for crypto markets. Here are the main bullet points.

Current Market Outlook


We don’t want to repeat ourselves too much, but the environment has remained mostly the same during the past few weeks. First, overall, this is a bull market that’s likely to carry nicely higher when looking out a few months; there remains plenty of doubt and uncertainty, which is (contrarily) a good thing. Second, though, making money has become trickier—there are far more news-driven moves, buying pressures seem to come and go for many leading stocks (as opposed to the sustained upmoves seen earlier this year) and there’s no question most indexes are extended to the upside. That’s no reason to get overly worried (most stocks are still acting normally), and in fact, we’re nudging our Market Monitor up a notch this week as leading stocks have perked up a bit. But it remains important to look for good entry points, honor your stops and take some partial profits when the opportunity arises.

Encouragingly, this week’s list is very broad, with all different types of sectors, sizes and growth/value outlook represented. There are many good names to choose from, but our Top Pick is Horizon Pharmaceuticals (HZNP), which has huge earnings estimates and a tight chart.

Stock Name	Price	Buy Range	Loss Limit
Anaplan (PLAN)	61.25	59.5-62.5	53-55
Enphase Energy (ENPH)	77.23	72-76	64-66
FedEx (FDX)	219.84	206-213	184-188
Futu Holdings (FUTU)	32.17	30-32	26-27
Horizon Therapeutics (HZNP)	75.12	72-76	65-67
Lithia Motors Inc. (LAD)	248.96	238-250	215-220
Roku, Inc. (ROKU)	173.48	167-174	147-150
Salesforce.com (CRM)	272.65	263-273	233-239
Trupanion (TRUP)	62.73	60.5-63	53-55
Tupperware Brands (TUP)	16.29	14.5-15.5	12-12.5

A large number of our portfolio stocks are experiencing bullish price action right now. Unless something ugly hits news headlines in the next few days, we’re probably going to enjoy a strong stock market in the first half of July. I hope you’re not sitting on the sidelines!

An arbitrage trade is as close as you can get to free money in the stock market, but it’s not without its risks.

I’ve been pounding the table on “takeover stocks” for half a year now.

Many traders and large hedge funds trade strictly in merger arbitrage. These traders look at deals that have already been announced, and examine the deal terms and the levels the stocks are trading. If they think the chances of the merger going through are great, but the stock being acquired is trading below where it “should,” they see opportunity and will often buy shares (or call options or take some other bullish position). In the case of Pfizer-Allergan, there was plenty of “opportunity.”

Running stock screens is a great way to find potential investment candidates, especially if you already have established requirements for new investments based on your investing system. But it can also be interesting to run stock screens just out of curiosity. Checking on which stocks have the highest yields, or lowest...

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A broad-based Republican victory in the election is spurring a sharp rally on Wall Street as investors bank on investor-friendly policies.


Bitcoin, the U.S. dollar, and gold also rose. It was reported that the gold reserves of Italy and France have risen in value by about $100 billion in the last two years. It is unusual historically for gold and the U.S. dollar to rise in tandem. Gold’s steady rise is also unusual given that traders would normally take profits along the way. U.S. economic sanctions have encouraged many to move into gold beyond the long reach of the U.S. government.



It is amazing how much money is being spent on politics. More than 11,000 political groups spent almost $15 billion to influence the election. Of course, this amount seems small weighed against a global economy of about $100 trillion, with the U.S. accounting for about $23 trillion (and about 35% of global debt).



It will be very interesting who gets the top economic policy posts and the GOP strategy going forward.

Interest rates have been a headwind for tech stocks for the last few years, but with rates peaking, tech stocks (and this one in particular) should benefit.

Hyperbole, partisanship, borrowed interest, and other BS aren’t a basis for identifying trusted investing research or choosing an investment newsletter.

It was yet another strong week for the market and countless stocks, many of which are breaking out to new highs. At some point the market may cool off, but for now at least, I’m not seeing any truly worrying signs. And in fact, the S&P 500 closed at a new record high as the index gained 1.44% on the week, while the Dow added 1.56%, and the Nasdaq rallied 1.63%.

Artificial Intelligence (AI) has been the primary driver of this year’s market rally, and these two AI stocks can help fuel your income investing.

Turnaround stocks can benefit from new executive leadership, activist campaigns, bankruptcies, spinoffs and more, but the easiest turnaround opportunities come from simply tracking the business cycle.

Holding too much cash in your portfolio has been an expensive mistake for the last few years, and that won’t change in 2026.

The market has been punishing early AI leaders in April, but the stocks that didn’t benefit immediately from the AI craze have weathered the storm much better, and this AI beneficiary is still being overlooked.

The last two years have been phenomenal for the stock market, but the good times aren’t over yet. Here are 3 reasons the bull market will continue in 2025.

Watching where money is flowing in down markets is a good way to follow the “smart money” and position yourself for success. Here’s where money is moving now.