Arhaus' All-Time High

Riley Rosebee Trends with No Friends

11 months ago

3 MIN READ

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.

I’m excited to share the new Trends with No Friends Index built on Thematic. Each week I’ll update the portfolio with names featured in the Trends with No Friends publication.

Onward…

The major indices were mixed. The Nasdaq Composite carried +0.59%. The Dow dipped -0.55%.

Energy advanced +1.03%. Industrials, healthcare and financials fell more than -1%.

New 52-Week Highs led New Lows — 129 vs. 46.

The Best of the Best

Arhaus ($ARHS) is the best of the best. The furniture retailer rallied +4.11% and closed at an all-time high.

$ARHS reported Q1 earnings Thursday May 9th — the stock is up +27.20% since.

Here’s the daily chart.

And weekly chart.

$ARHS has 409 followers on Stocktwits.

StepStone ($STEP) is a notable new high. The private market investment manager marched +6.57% and closed at its highest price since Nov. 2021.

$STEP reported Q4 earnings Thursday May 23rd — the stock is up +17% since.

Here’s the daily chart.

And weekly chart.

$STEP has 128 followers on Stocktwits.

Deckers Outdoor ($DECK) is a notable new high. The footwear conglomerate flew +4.48% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

$DECK has 2,718 followers on Stocktwits.

The Worst of the Worst

Walgreens Boots Alliance ($WBA) is the worst of the worst. The retail pharmacy fell -4.05% and closed at its lowest price since January 1998.

Here’s the daily chart.

And 3-month chart.

$WBA has 18,922 followers on Stocktwits.

CVS Health ($CVS) is a notable new low. The Walgreens competitor caved -3.44% and closed at its lowest price since March 2020.

Here’s the daily chart.

And weak weekly chart.

$CVS has 27,468 followers on Stocktwits.

Exact Sciences ($EXAS) is a notable new low. The cancer screening and diagnostics company dove another -5.66% and closed at its lowest price since December 2022.

Here’s the daily chart.