Dyne's New High
Happy Monday! 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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
The markets marched higher.
The Nasdaq Composite carried +0.65%. The Dow dipped -0.49%.
Tech advanced +1.18%. Communications, industrials and basic materials finished positve. Financials flopped -1.32%. Consumer discretionary, consumer staples, energy and real estate tumbled more than -0.50%.
New 52-Week Highs led New Lows — 240 vs. 25.
The Best of the Best
Dyne Therapeutics ($DYN) is the best of the best. The biotech jumped +27.82% after it announced positive data from its early stage trials of muscular dystrophy treatments.
$DYN dashed to an all-time high.
Here’s the daily chart.
And weekly chart.
$DYN has 2,306 followers on Stocktwits.
Atlas Energy Solutions ($AESI) is a notable new high. The new issue oil & gas logistics company carried +4.55% and closed at an all-time high.
Here’s the daily chart.
$AESI has 133 followers on Stocktwits.
Blue Bird ($BLBD) is a notable new high. The school bus manufacturer marched +4.65% and closed at an all-time high.
Wednesday, May 8th, $BLBD reported Q2 earnings — the stock is up 48% since.
Here’s the daily chart.
And weekly chart.
$BLBD has 1,167 followers on Stocktwits.
The Worst of the Worst
Li Auto ($LI) is the worst of the worst. The Chinese EV maker unplugged -12.78% after it reported Q1 earnings.
$LI closed at its lowest price since March 2023.
Here’s the daily chart.
And weak weekly chart.
$LI has 31,507 followers on Stocktwits.
Bausch Health ($BHC) is a notable new low. The pharmaceutical manufacturer fell -3.99% and closed at its lowest price since May 2023.
Here’s the daily chart.
And weak weekly chart.
$BHC has 42,207 followers on Stocktwits.
Lululemon ($LULU) is a notable new low. The athleisure apparel company tumbled -2.35% and closed at its lowest price since March 2023.
Here’s the daily chart.
And weak weekly chart.
$LULU has 36,150 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
Sidney Quintela Architecture’s “Casa Brise” Opens Widely onto Tropical Brazil
DF Arquitectos Uses Volcanic Rock for Sports Club in Mexico
Sónar and Casa Batlló Unveil Audiovisual Show for the Chemical Brothers and Smith & Lyall
The Riviera Maya Edition at Kanai Hotel Sits Over Mangrove Reserve in Mexico
$5M Yayoi Kusama Painting That Has Never Been Exhibited Leads Bonhams Hong Kong Sale
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