Trade of the Day: Amerisafe, Inc. (NASDAQ:AMSF)


To receive further updates on this Amerisafe, Inc. (NASDAQ:AMSF) trade, as well as an alert when it’s time to take profits, sign up for a risk-free trial of Trader’s Advantage today.

Stocks aren’t making much progress this week, particularly the large-caps — though, of course, there’s no doubt that assets are overbought after a four-week spree of advances. Earnings have been mixed and include a revenue miss for Verizon Communications Inc. (NYSE:VZ) that hit the shares hard, along with those of its telecom peers.

The small-caps are faring better than their larger cousins, as is the Nasdaq, suggesting that risk-taking has not completely gone out of fashion. And I’m recommending one of their number today.

Amerisafe, Inc. (NASDAQ:AMSF) is a $1.2 billion workers’ comp insurance company focused on construction, trucking, manufacturing, agriculture, energy, logging and maritime agencies. It is based in DeRidder, Louisiana. This has been one of the strongest small-caps for the past few years, humble and quiet though it may be. It is pulling back from its uptrend and should trade back to highs and beyond.

Trade of the Day: Amerisafe, Inc. (NASDAQ:AMSF)

This is a good company in one of the few really successful niches in the financial arena. Buy AMSF at $61.95 limit, good till canceled.

Jon Markman operates the investment firm Markman Capital Insights. He also offers a daily trading advisory service, Trader’s Advantage, and CounterPoint Options, a service that helps individual traders make steady, consistent profits with volatility-related instruments. Follow him on Twitter for his latest take on markets and innovation.

Article printed from InvestorPlace Media,

©2023 InvestorPlace Media, LLC