$ANF Flies +24.32%
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 above $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks struggled. Every major index and sector stumbled more than -0.50%.
Energy, basic materials, industrials and utilities tumbled more than -1%.
New 52-Week Lows led New Highs — 83 vs. 42.
Follow the Trends with No Friends Index here.
The Worst of the Worst
Ginkgo Bioworks ($DNA) is the worst of the worst. The biotech broke down -10.27% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$DNA has 13,331 followers on Stocktwits.
Walgreens Boots Alliance ($WBA) is a notable new low. The retail pharmacy fell another -3.19% and set a 26-year low.
Here’s the daily chart.
And 3M chart.
$WBA has 18,922 followers on Stocktwits.
Krispy Kreme ($DNUT) is a notable new low. The donut shop dropped -5.95% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$DNUT has 4,264 followers on Stocktwits.
The Best of the Best
Abercrombie & Fitch ($ANF) is the best of the best. The apparel retailer ripped +24.32% following its Q1 earnings report.
$ANF advanced to an all-time high.
Here’s the daily chart.
And weekly chart.
$ANF has 6,579 followers on Stocktwits.
Dicks Sporting Goods ($DKS) is a notable new high. The sports equipment retailer ran +15.91% following its Q1 earnings report.
$DKS secured an all-time high.
Here’s the daily chart.
And weekly chart.
$DKS has 7,035 followers on Stocktwits.
CAVA Group ($CAVA) is a notable new high. The fast-casual restaurant rallied +6.99% following its Q1 earnings report.
$CAVA carried to an all-time high.
Here’s the daily chart.
And weekly chart.
$CAVA has 4,861 followers on Stocktwits.
52-Week Lows
52-Week Highs
Riley’s Recommendations
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