| As the New Year opened, we sensed opportunity. Big opportunity. After a rough 2022, investors and traders were looking for the best hand to play. Our proprietary data told us so. Mentions from folks buying (and trading) stocks were off to the strongest start we'd seen in years. That kind of ramp-up in trading activity is a sign of growing consumer confidence in stocks â and the general economy. Itâs also a sign of opportunity. But all opportunities arenât equal in scope... And thatâs where our proprietary metrics come into play. We dug deep into our LikeFolio database and dug out five stocks we saw as having a high upside. These five stocks shared a number of attributes. But one trait, in particular, grabbed our interest. All five were âoversoldâ â a description of a stock thatâs trading way below its true worth. A stock can remain oversold for a long time. Or it can âbounceâ â rebound in price and rocket higher. Knowing which is which is the key. And our proprietary system can do just that. In early January, we spotlighted five âoversoldâ stocks that our data indicated were in the âpoised-for-a-bounce" category. These are five companies that our proprietary consumer metrics and macro trends said were poised for long-term growth. They were: - Shopify (SHOP)
- Fiverr (FVRR)
- Nvidia (NVDA)
- Amazon (AMZN)
- Paypal (PYPL)
Fast-forward five months, and three of those five have posted hefty gains. As of this writing, Shopify is up a staggering 70% this year â and up 55% since our early-January recommendation in MegaTrends. It just hit a 52-week high on May 10. And we saw it coming. When we tagged Shopify as a âhigh-value oversold stockâ back in January, we ran through our checklist to find: - High levels of Consumer Happiness â well above that of more established peers.
- Explosive demand growth â steeper than that of more established peers.
- And macro trend tailwinds â with real staying power.
Shopify checked off all the boxes. So today, weâll use Shopify to show you how to put the odds in your favor... And how we use our tools to identify âoversoldâ stocks that are poised for a Shopify-like bounce... Click here to continue reading | 
