MakeMyTrip Travels To An All-Time High
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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks climbed.
The Nasdaq Composite, S&P 500 and Dow Jones Industrial Average advanced to an all-time high.
Every sector closed higher. Technology gained +2.25%. Real estate, utilities and healthcare carried approx. +1.5%.
New 52-Week Highs led New Lows — 289 vs. 4.
The Best of the Best
MakeMyTrip ($MMYT) is the best of the best. The Indian travel company travelled +10.83% following its Q4 earnings report.
$MMYT marched to an all-time high.
Here’s the daily chart.
And monster monthly chart.
$MMYT has 1,242 followers on Stocktwits.
Core & Main ($CNM) is a notable new high. The water & wastewater product supplier surged +3.97% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$CNM has 249 followers on Stocktwits.
Agilysys ($AGYS) is a notable new high. The hospitality Point-of-Sale software provider popped +4.36% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$AGYS has 330 followers on Stocktwits.
The Worst of the Worst
Shoals Technologies Group ($SHLS) is the worst of the worst. The solar component provider plunged -3.41% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
$SHLS has 1,276 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
The Top AI Announcements From Google I/O
Google Keynote (Google I/O ‘24)
Venture Capital Cash Fuels Space Startup Dreams
Chromasonic: An Immersive Renaissance of California’s Minimalist Light and Space Movement
HW Studio Strikes Balance Between “Natural and Artificial” with Mexico Home
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