This Week on Trends with Friends (September 15, 2024)
Welcome Friends,
Here’s an assortment of posts shared this week on Trends with Friends. Let’s dive in…
HELLO FROM ASPEN
Howard Lindzon traveled to Aspen to attend Christian Van De Velde’s annual cycling event.
The guys climbed 4,200’ to summit Independence Pass. Howard writes,
It is my second year at Christian Van De Velde event. Christian is a great host and of course Aspen is incredible. Christian (on the left) was an incredible professional cyclist and in 2008 finished 4th in The Tour De France. From left to right are my pals Raja, Roy and Nave.
Independence Pass was very tough – a 4,200 foot climb to over 12,000 feet at the peak. Top to bottom I was on the bike for 3.5 hours. The 20 mile descent was in many ways harder than the climb because of high winds.
COMMON SENSE BREADTH THRUST
Larry Thompson likes to keep it simple. This week he reviewed the broad breadth thrust and writes,
We had a breadth thrust this week: 10 of the 11 sectors that comprise the S&P 500 finished higher on both a market cap and equal-weighted basis. You may not have heard of this thrust, as it’s not one that’s been published in books and backtested a thousand different ways, it’s what I like to refer to as a “common sense” breadth thrust.
RATE CUTS ARE COMING
As the Street anticipates the Fed’s rate decision, Charlie Bilello comments on the future expectations for the Fed Funds Rates. He writes,
The Rate Cuts Are Coming!
The only question: how fast will they go down.
THIS WEEK IN AI
Michael Parekh reviews OpenAI’s latest update, Apple Intelligence, AI price discovery and more in this week’s AI Summary.
NATIVE NEW YORKERS
Ted Merz shares his take on what it means to be a native New Yorker. Here’s the money quote,
When I travel and people ask me where I live I say “New York.”
But when a New Yorker asks, I would say I live in “the City.”
The person would understand I mean Manhattan.
To New Yorkers, “the City” means the island settled by the Dutch.
When you live in one of the other four boroughs you say so.
“Do you live in the City?”
“No, I live in Brooklyn.”
When a New Yorker asks where I’m from I say New Jersey…
My son is a different story.
REWARDING RISK
Tadas Viskanta curated links on Rewarding Risk. Here’s a sneak peek,
TRENDS WITH NO FRIENDS
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low social following.
The publication shares 52-Week Highs and Lows sorted by followers on Stocktwits.
Why is high relative strength and low social following important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
This week, Trends with No Friends featured…
TPG ($TPC), Manhattan Associates ($MANH), CubeSmart ($CUBE), Aramark ($ARMK), Argan ($AGX) and more.
THIS WEEK’S EPISODE
 |
 |
 |
And in case you missed it… JC Parets, Phil Pearlman, Michael Parekh and Larry Thompson talk semiconductors impact on the market, financials finding new highs, Apple’s health-focused AI strategy and more in the latest episode of Trends with Friends.
GET IN TOUCH
If you share insight on the market and would like to contribute to Trends with Friends, send us an email.
Disclaimer: All opinions expressed on this show are solely the opinions of the hosts’ and guests’ and do not reflect the opinions of Stocktwits, Inc. or its affiliates. The hosts are not SEC or FINRA registered advisors or professionals. The content of this show is for educational and entertainment purposes only. Please consult with your financial advisor before making any investment decision.
Stocktwits, Inc. (“Stocktwits”) operates the stocktwits.com website and Stocktwits mobile device applications (the “Apps”). Stocktwits is not a securities broker-dealer, investment adviser, or any other type of financial professional. No content on the Stocktwits platform should be considered an offer, solicitation of an offer, or advice to buy or sell securities or any other type of investment or financial product. Read the full terms & conditions here. 🔍
