Casey's Carries To An All-Time High
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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks settled higher. The Russell 2000 and Nasdaq Composite rallied more than +1.5%. The Dow finished flat.
Tech advanced +2.21%. Consumer discretionary and industrials carried +1%. Consumer staples and energy stumbled -1%.
New 52-Week Highs led New Lows — 137 vs. 19.
The Best of the Best
Casey’s General Store ($CASY) is the best of the best. The convenience store surged +16.72% following its Q4 earnings report.
$CASY carried to an all-time high.
Here’s the daily chart.
And weekly chart.
$CASY has 1,341 followers on Stocktwits.
Element Solutions ($ESI) is a notable new high. The specialty chemicals company popped +13.57% after it raised its Q2 and full year guidance.
$ESI settled at an all-time high.
Here’s the daily chart.
And weekly chart.
$ESI has 1,595 followers on Stocktwits.
Avidity Biosciences ($RNA) is a notable new high. The biopharmaceutical company flew +32.64% after it announced “unprecedented” data from its Phase 1/2 FORTITUDE trial.
Here’s the daily chart.
And weekly chart.
$RNA has 1,230 followers on Stocktwits.
The Worst of the Worst
Teladoc Health ($TDOC) is the worst of the worst. The telehealth service provider tumbled -2.30% and closed at another 8-year low.
$TDOC is within 7% of its all-time low close.
Here’s the daily chart.
And monthly chart.
$TDOC has 39,033 followers on Stocktwits.
DLocal ($DLO) is a notable new low. The online payments processor stumbled -3.15% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$DLO has 2,725 followers on Stocktwits.
Vale S.A. ($VALE) is a notable new low. The Brazilian steel manufacturer melted -2.28% and closed at its lowest price since November 2020.
Here’s the daily chart.
And weak weekly chart.
$VALE has 18,096 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…
Fed’s Road to Rate Cuts Clears as Inflation Eases
How I Built This — Liquid Death: Mike Cessario
South America’s Ski Resorts Are Getting Dumped On—Here’s Who’s Opening Early
Atelier Janda Vanderghote Creates “Serene” Garden Studio in Ghent
Inverse Project Completes Bioclimatic “Beach Barn” in Costa Rica
Vincent Van Gogh’s “Starry Night” Heads Home to Arles for the First Time in 136 Years
Researchers Leverage Inkjet Printing to Make Portable Multispectral 3D Camera
Generative AI Takes Robots a Step Closer to General Purpose
Open to Feedback
Enjoying Popularity + Price?
