No Image Available

Teladoc Tests Its All-Time Low

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.

The Dow was the only positive major index. The Nasdaq Composite closed -0.79%.

Energy surged +1.84%. Utilities and financials gained more than +0.50%. Tech tumbled -1.12%.

New 52-Week Lows led New Highs — 74 vs. 72.

The Worst of the Worst

Teladoc Health ($TDOC) is the worst of the worst. The telehealth service provider stumbled -4.36% and closed $0.15 above its all-time low close.

Here’s the daily chart.

And monthly chart.

$TDOC has 39,044 followers on Stocktwits.

Unity Software ($U) is a notable new low. The video game software developer dipped -3.42% and closed at an all-time low.

Here’s the daily chart.

And weak weekly chart.

$U has 30,062 followers on Stocktwits.

Solaredge Technologies ($SEDG) is a notable new low. The solar stock dropped -7.45% and closed at its lowest price since December 2018.

Here’s the daily chart.

And monthly chart.

$SEDG has 14,580 followers on Stocktwits.

The Best of the Best

Nurix Therapeutics ($NRIX) is the best of the best. The biopharmaceutical company carried +13.72% and closed at its highest price since January 2022.

Sunday, the company presented positive results from its ongoing clinical trial for patients with Relapsed Refractory Chronic Lymphocytic Leukemia.

Here’s the daily chart.

And weekly chart.

$NRIX has 469 followers on Stocktwits.

LPL Financial ($LPLA) is a notable new high. The investment advisor advanced +2.14% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

$LPLA has 519 on Stocktwits.

Arthur J. Gallagher ($AJG) is a notable new high. The insurance broker inched +1.07% and closed at an all-time high.

Here’s the daily chart.

And monster 3M chart.

$AJG has 502 followers on Stocktwits.

52-Week Highs

52-Week Lows

See the spreadsheet here.

And follow the Trends with No Friends Index here.

Riley’s Recommendations

Here are a few sweet links curated by Riley…

Summer Solstice 2024 Marks the Longest Day in the Northern Hemisphere

Quiet Compounding

Burton x Celtics Snowboard Is Selling For $10,000+

Inflatable and Collapsible Micro Bike Helmet Folds into a Size That’s Smaller Than a Laptop

Maserati’s MC20 Icona and Leggenda Pay Homage to the Race Car That Returned 37 Years Later

Boom Just Opened a North Carolina Factory for Its Supersonic Jets

Rivian will Race the New 1,025HP Ascend Quad Max R1T at Pike’s Peak This Week

Argentina Posts Largest Monthly Primary Surplus

Open to Feedback

Email me!

Want the latest?

Sign up for Riley Rosebee's Newsletter below:

Subscribe Here