Dycom Climbs To An All-Time High
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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks struggled. Every major index and sector closed lower.
The Russell 2000 and Dow dipped approx. -1.60%.
Real estate retreated -2.12%. Utilities and consumer discretionary fell more than -1.60%.
New 52-Week Highs led New Lows — 105 vs. 56.
The Best of the Best
Dycom Industries ($DY) is the best of the best. The infrastructure contractor carried +6.03% and closed at an all-time high.
Wednesday, May 22nd, the company reported Q1 earnings — the stock is up +14.78% since.
Here’s the daily chart.
And weekly chart.
$DY has 226 followers on Stocktwits.
BBB Foods ($TBBB) is a notable new high. The new issue Mexican grocer gained +13.80% following its Q1 earnings report.
$TBBB broke out to an all-time high.
Here’s the daily chart.
$TBBB has 65 followers on Stocktwits.
UL Solutions ($ULS) is a notable new high. The new issue testing, inspection and certification service provider propelled +3.55% and closed at an all-time high.
Monday, May 20th, the company reported Q1 earnings — the stock is up 13% since.
Here’s the daily chart.
$ULS has 68 followers on Stocktwits.
The Worst of the Worst
Li Auto ($LI) is the worst of the worst. The Chinese EV manufacturer unplugged -5.73% and closed at its lowest price since December 2022.
Here’s the daily chart.
And weak weekly chart.
$LI has 31,630 followers on Stocktwits.
SolarEdge ($SEDG) is a notable new low. The solar stock stumbled -10.64% and closed at its lowest price since May 2019.
Here’s the daily chart.
And weak weekly chart.
$SEDG has 14,485 followers on Stocktwits.
Teladoc Health ($TDOC) is a notable new low. The telehealth provider tumbled -3.94% and closed at its lowest price since May 2016.
Here’s the daily chart.
And menacing monthly chart.
$TDOC has 39,083 followers on Stocktwits.
52-Week Highs
52-Week Lows
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