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This Week on Trends with Friends (October 27, 2024)

Welcome Friends, 

Here’s an assortment of posts shared this week on Trends with Friends. Let’s dive in…

WAYMO IS THE TRANSPORTATION OF THE DEGENERATE ECONOMY

Howard Lindzon returned to Phoenix and writes about Waymo’s acceleration. He appropriately titled his post, Waymo Is The Transportation Of The Degenerate Economy.

Here’s the money quote, 

I have been away from Phoenix for the last five months and the first thing I noticed upon landing and grabbing an Uber was that at least 30 percent of the pickups were Waymo’s.

It was really mesmerizing and impressive to see Waymo’s pull up, pop the trunk, load the passenger and weave their way back into heavy airport traffic.

Waymo started working here last year but it seemed really confined to a few parts of Scottsdale. Not anymore.

I have no idea if Uber or Tesla or Waymo or some new startup ends up being the leader in this space but the growth of Waymo is impressive.

Read Lindzon’s latest here. 

THIS WEEK IN AI

Michael Parekh reviews Apple’s next Mac event, AI Agentic / Reasoning Tools, Nvidia’s growth in India, Waymo and more in this week’s AI Summary.

It’s a must read.

SAME OLD, SAME OLD

Larry Thompson shares a sober view of the long-term underlying trend in the market. He writes, 

With so many headlines this week, earnings on the horizon, and the election around the corner, it’s easy to see a week of market consolidation and confuse it with a market correction. Why? Because no media outlet can get clicks by writing, “same old, same old”—so I will.

This is just the same old, same old. All the major averages are simply consolidating above support within the context of a secular bull market. I remain bullish.

S&P 500 – Same old, same old. Consolidating above support within the context of an underlying uptrend.

Nasdaq 100 – Same old, same old. Consolidating above support within the context of an underlying uptrend.

See more charts here.

WEEKEND ARE FOR MOVING YOUR BODY

Phil Pearlman emphasizes the importance of moving our body. Phil shares, 

The kids over at Barstool like to say, Saturdays Are For the Boys.

Remember that?

They watch college football and party their brains out. It’s all sophomoric but it’s a good time.

But we’re not sophomores any more. We’re not 20. 

So how about, Weekends are for moving your body.

I like it better.

Maybe we wake up a little later on a Saturday or a Sunday morning. 

We’ve got less on our plate for the day ahead and a little more time to get outside to get moving and break a sweat.

Maybe we go for a ride. Maybe we go for a run. Maybe we hit a pick up basketball game or find a trail for hiking.

Movement is one of the four elements of good health. It feels great in the moment and rewards our future self. 

It brings us back to that kid that’s still inside, that athlete who loved to run and throw a ball and forget about a lot of stuff that doesn’t matter.

Now get out there!

WALL STREET FIGHT CLUB

Ted Merz provides his experience teaching his son about investing. 

Merz mentions, 

Several years ago, I hired a tutor to teach my son about investing. 

It was during the summer break. I opened a Robinhood account with $500 and told the coach to come each morning and explain how to buy low and sell high. 

The plan was to spend half an hour before the opening bell browsing Yahoo Finance to find stocks that had positive news or showed signs of momentum. 

I naively assumed they would select stocks like Google or Microsoft after a vigorous discussion and allocate a prudent amount to a position. 

Instead, the mentor steered my son to volatile small caps and encouraged him to go all in.

Every morning they would dump the entire portfolio into a single company whose shares traded between $1 and $1.5 and ride that donkey for a couple hours before closing it out. 

Astronomic gains were followed by catastrophic losses. My son’s mood swung wildly. He was up! He was down! He panicked when he couldn’t close a position that was in freefall. 

By the end of August, my son had turned the initial nut of $500 into about $450. 

The best part of the exercise was that they kept  a journal with the rationale and a score for every trade. One day they rated their decision to buy NanoViricides Inc. an “F.” 

Flash forward to today and my son is putting that training to use.

Read Ted’s full post here.

SATURDAY LINKS

Tadas Viskanta’s Saturday linkfests’ theme is A Ruthless Meritocracy. Here’s a sneak peek… 

TRENDS WITH NO FRIENDS

Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low social following.

The publication shares 52-Week Highs and Lows sorted by followers on Stocktwits. 

Why is high relative strength and low social following 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.

This week, Trends with No Friends featured… 

CBRE Group ($CBRE), Valmont Industries ($VMI), Construction Partners ($ROAD), Orla Mining ($ORLA) and more.

GET IN TOUCH

If you share insight on the market and would like to contribute to Trends with Friends, send us an email.

Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision.

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