Universal Logistics Trucked To An All-Time High
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 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, every major index inched higher. The Nasdaq Composite carried +2.03%.
Communications marched +2.76%. Technology and consumer discretionary dashed approx. +1%. Utilities and energy dipped approx. -1%.
New 52-Week Highs led New Lows — 98 vs. 24.
The Best of the Best
Universal Logistics ($ULH) is the best of the best. The transportation and logistics company trucked +39.37% after it crushed its Q1 earnings report.
$ULH lept to an all-time high.
Here’s the daily chart.
And monster monthly chart.
$ULH has 143 followers on Stocktwits.
Cullinan Therapeutics ($CGEM) is a notable new high. The biopharmaceutical company bounced +31.43% after William Blair presented peer-reviewed data for Amgen’s leukemia therapy, Blincyto. Blincyto targets CD19 surface antigens on B cells akin to $CGEM’s lymphoma candidate.
Here’s the daily chart.
And weekly chart.
$CGEM has 187 followers on Stocktwits.
Sonic Automotive ($SAH) is a notable new high. The automotive retailer rallied +9.93% following Thursday’s earnings release.
Last week, $SAH surged +28.14% and settled at an all-time high.
Here’s the daily chart.
And monster monthly chart.
$SAH has 381 followers on Stocktwits.
The Worst of the Worst
Teladoc Health ($TDOC) is the worst of the worst. The telehealth company tumbled -2.40% following its Q1 earnings report.
$TDOC is down -95.58% from its Feb. 2021 all-time high.
Here’s the daily chart.
And weak weekly chart.
$TDOC has 39,168 followers on Stocktwits.
Caesars Entertainment ($CZR) is a notable new low. The casino company cratered -3.76% ahead of Tuesday’s earnings report.
Here’s the daily chart.
And weak weekly chart.
$CZR has 10,958 followers on Stocktwits.
52-Week Highs
52-Week Lows
Riley’s Recommendations
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