RBC Secures ATHs
Happy Sunday! 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 $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Friday’s major indices were mixed.
Energy advanced +1.40%. Technology and consumer staples stumbled -0.20%.
New 52-Week Highs led New Lows — 172 vs. 19.
The Best of the Best
RBC Bearings ($RBC) is the best of the best. The mechanical bearings manufacturer marched +8.12% following its Q4 earnings report.
$RBC closed at an all-time high.
Here’s the daily chart.
And weekly chart.
$RBC has 215 followers on Stocktwits.
SharkNinja ($SN) is a notable new high. The new issue consumer technology company carried +1.72% and closed at an all-time high.
Thursday, May 9th, $SN reported Q1 earnings — the stock is up +11% since.
Here’s the daily chart.
$SN has 3,272 followers on Stocktwits.
On Holding ($ONON) is a notable new high. The sports footwear and performance apparel developer flew +4.04% and closed at its highest price since January 2022.
Tuesday, May 14th, $ONON reported Q1 earnings — the stock is up +24% since.
Here’s the daily chart.
And weekly chart.
$ONON has 4,108 followers on Stocktwits.
The Worst of the Worst
Cracker Barrel Old Country Store ($CBRL) is the worst of the worst. The nostalgic restaurant and retailer retreated -14.48% after it cut its dividend by 80%.
Here’s the daily chart.
And weak weekly chart.
$CBRL has 2,043 followers on Stocktwits.
DXC Technology ($DXC) is a notable new low. The technology consulting service provider stumbled -16.90% following its Q4 earnings report.
$DXC closed at its lowest price since September 2020.
Here’s the daily chart.
And weak weekly chart.
$DEX has 2,423 followers on Stocktwits.
SolarEdge Technologies ($SEDG) is a notable new low. The solar stock stalled -4.18% and closed at its lowest price since May 2019.
Here’s the daily chart.
And weak weekly chart.
$SEDG has 14,467 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
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