La-Z-Boy Lifts Off
Good afternoon. 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 above $1B market cap 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.
It was a muted day in the market. The S&P 500 was the best performing major index. $SPX inched +0.25%.
Financials and industrials advanced more than +0.50%. Communications closed -0.59%.
New 52-Week Highs led New Lows — 104 vs. 66.
The Best of the Best
La-Z-Boy ($LZB) is the best of the best. The residential furniture manufacturer marched +19.39% following its Q4 earnings report.
$LZB closed at its highest price since June 2021.
Here’s the daily chart.
And weekly chart.
$LZB has 1,008 followers on Stocktwits.
Trane Technologies ($TT) is a notable new high. The heating and cooling systems provider propelled +3% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
TTM Technologies ($TTMI) is a notable new high. The printed circuit board manufacturer carried +2.60% and closed at its highest price since August 2018.
Here’s the daily chart.
And monster 3M chart.
$TTM has 803 followers on Stocktwits.
The Worst of the Worst
Roku ($ROKU) is the worst of the worst. The television streaming platform tumbled -2.67% and closed at its lowest price since May 2023.
Here’s the daily chart.
And weak weekly chart.
$ROKU has 132,028 followers on Stocktwits.
SolarEdge ($SEDG) is a notable new low. The solar stock stumbled -3.03% and closed negative for its 6th straight day.
Here’s the daily chart.
And weak weekly chart.
$SEDG has 14,554 followers on Stocktwits.
Paramount ($PARA) is a notable new low. The mass media conglomerate fell -2.24% and closed at its lowest price since August 2009.
Here’s the daily chart.
And monthly chart.
$PARA has 22,488 followers on Stocktwits.
52-Week Highs
52-Week Lows
And follow the Trends with No Friends Index here.
Riley’s Recommendations
Here are a few sweet links curated by Riley…
Netflix and Suffer…Tour De France Unchained is Fantastic
Nielsen Schuh Architects Designs Fire-Resistant House in California Wine Country
Foldable, Sport and Rental Hydrogen Bikes with Water Tanks Can Be Refueled in 3 to 10 Seconds
Standard and Poor’s Downgrades Sotheby’s Credit Rating to B-
Thousands of Picasso’s Rare Works Are Now Available in New Online Archive
Apple Suspends Work on Next High-End Headset, to Focus on Cheaper Model
