Knife River Runs To New Highs
Good evening. Welcome to Trends with No Friends.
For those just joining us, here’s an overview…
Trends With No Friends sifts through the noise and discovers stocks with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
The Nasdaq Composite was the strongest major index. $IXIC advanced +1.68%. The Dow finished flat.
Tech turned up +2%. Communications and consumer discretionary carried more than +0.80%. Financials fell -0.71%.
New 52-Week Highs led New Lows — 49 vs. 31.
The Best of the Best
Knife River Corp ($KNF) is the best of the best. The construction mineral company marched +3.19% and closed at an all-time high. The stock is up 134% since June 1, 2023.
Here’s the daily chart.
$KNF has 73 followers on Stocktwits.
FirstCash Holdings ($FCFS) is a notable new high. The pawn shop holding company carried +1.48% and closed at another all-time high.
Here’s the daily chart.
And weekly chart.
$FCFS has 229 followers on Stocktwits.
Informatica ($INFA) is a notable new high. The intelligent data management cloud provider propelled +2.94% and closed $0.02 shy of its all-time high.
Here’s the daily chart.
And weekly chart.
$INFA has 469 followers on Stocktwits.
The Worst of the Worst
Lucid Group ($LCID) is the worst of the worst. The EV manufacturer unplugged -5.66% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$LCID has 214,765 followers on Stocktwits.
Rivian Automotive ($RIVN) is a notable new low. The EV maker tumbled -6.82% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$RIVN has 70,729 followers on Stocktwits.
UnitedHealth Group ($UNH) is a notable new low. The $407B healthcare company fell -1.85% and closed at its lowest price since June 2022.
Here’s the daily chart.
And weak weekly chart.
$UNH has 17,685 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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