$PI Popped To An All-Time High
Happy Friday Jr. Welcome to Trends with No Friends.
For those just joining us, here’s an overview…
Trends With No Friends sifts through the noise and discovers stocks with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Every major index inched lower. The Dow dipped -0.98%.
Communications cratered -3.56%. Basic materials marched +0.71%.
New 52-Week Lows led New Highs — 52 vs. 48.
The Worst of the Worst
QuantumScape ($QS) is the worst of the worst. The EV battery company unplugged -6.93% after its Q1 earnings flop.
The company closed $0.01 above its all-time low.
Here’s the daily chart.
And weak weekly chart.
$QS has 52,740 followers on Stocktwits.
Bristol-Myers Squibb ($BMY) is a notable new low. The biopharmaceutical fell -8.51% following its Q1 earnings report.
The company closed at its lowest price since July 2019.
Here’s the daily chart.
And monthly chart.
$BMY has 18,954 followers on Stocktwits.
Ginkgo Bioworks ($DNA) is a notable new low. The biotech tumbled -8.05% and closed at an all-time low.
Here’s the disastrous daily chart.
And the weak weekly chart.
$DNA has 13,204 followers on Stocktwits.
The Best of the Best
Impinj ($PI) is the best of the best. The RFID company carried +28.65% after its Q1 earnings beat and increased guidance.
$PI popped to an all-time high.
Here’s the daily chart.
And weekly chart.
$PI has 4,332 followers on Stocktwits.
Kirby ($KEX) is a notable new high. The tank barge operator bounced +10.99% after its Q1 earnings report.
Here’s the daily chart.
And monster monthly chart.
$KEX has 266 followers on Stocktwits.
First Citizens Bancshares ($FCNCA) is a notable new high. The regional bank ripped +9.80% after its Q1 earnings beat.
First Citizens flew to an all-time high.
Here’s the daily chart.
And monster monthly chart.
$FCNCA has 755 followers on Stocktwits.
52-Week Lows
52-Week Highs
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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Luxury Real Estate Prices Hit a Record High in the First Quarter
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