This Week on Trends with Friends (June 9th, 2024)
Welcome Friends,
Here’s an assortment of posts shared this week on Trends with Friends.
Friday, Howard Lindzon shared a story about how his son, Max “spotted a unicorn.”
Here’s the TL;DR…
Max was frustrated with the golf operations software while working at a private golf club in Montana — or lack thereof. Howard shared a new hospitality software company called Whoosh.io. The next morning Max called and said,
“Dad, this Whoosh is a Unicorn!”
Click the link for the full Whoosh scoop.
JC Parets and Howard Lindzon are looking for the next $100B company.
JC and his team reverse engineered what it would take for a company to scale to a $100B market cap. The All Star Charts crew sifts through stocks between $2B and $30B market cap to identify the next 12-figure security.
Learn more about the 2-to-100 club here.
Apple’s iconic WWDC developers conference is days away and all eyes are on Apple’s AI play. Michael Parekh provides a concise overview of where Apple currently stands in the AI arms race and previews what to expect.
Parekh states,
Lot more will become clearer of course at WWDC next week on Apple’s AI strategies.
Ram Ahluwalia reviews software’s struggle, CVS and Aetna in this week’s Lumida Ledger.
Ram writes,
Remember Marc Anderseens’s adage ‘software is eating the world’?
Now it is ‘Intelligence is eating software’
SaaS is dying.
See Adobe, Snowflake, and Duolingo.
The moat is in data & networks – that’s why names like Google and Meta will do well.
Craig Shapiro shared his Chart of the Day — Grams of Gold in 1 barrel of Oil.
Craig comments,
We have now pushed lower through the 1g of gold for 1bbl of oil level, which is pretty rare by historical standards. We typically don’t spend a lot of time in this zone except during deflationary bust periods like we have seen in 1Q16 and during Covid.
I had been assuming that higher Gold to Oil Ratios were going in an environment of much higher gold prices and higher oil prices but what if higher GOR comes from stable oil and much lower oil prices?
Tadas Viskanta curated longform links on the age of AI.
Ted Merz shares his strategy to maintain harmony on social media with Blocking Comments.
Merz mentions,
The key to adopting the strategy is to understand that you are under no obligation to any of the people who read, follow or comment on your posts.
It’s your post and your feed and that means that you can change your mind about something you write. You can edit or revise a piece, or even delete it.
If people post comments, you have no obligation to respond.
And if you experience those comments as aggressive or hostile, you can delete them and block the people.
It’s your post and your feed and your life.
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low social following.
The publication shares 52-Week Highs and Lows sorted by followers on Stocktwits.
Why is high relative strength and low social following important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
This week, Trends with No Friends featured…
Commvault Systems ($CVLT), Guidewire ($GWRE), Credo Technology ($CRDO, Veeco Instruments ($VECO) and more.
And in case you missed it… Howard Lindzon, Phil Pearlman and JC Parets are joined by Beehiiv Co-Founder Tyler Deck. The team talks about the email revolution, bull market insights and provides an inside look at Beehiiv on the latest episode of Trends with Friends. Tune in today.
If you share insights on the market and would like to contribute to Trends with Friends, send us an email.
