Happy New Year

Happy New Year my friends,

I’ve included the total number of analysts cover stocks making new 52-week highs and lows as we work to reintroduce Stocktwits followers.

The practice of finding stocks undiscovered to “Wall Street” is akin to finding stocks with little social following.

This is not an original idea. In Peter Lynch’s “One Up On Wall Street” he writes,

“Street Lag… Under the current system, a stock isn’t truly attractive until a number of large institutions have recognized its suitability and an equal number of respected Wall Street analysts have put it on the recommended list.”

Onward…

The Dow inched higher. Every other major index closed lower. Healthcare led. Tech and industrials lagged.

New Highs outperformed New Lows — 55 vs. 6.

See the full lists here.

The Best of the Best

Brady Corp ($BRC) is the best of the best. The mid-cap industrial gapped and gained +4.38% to close at an all-time high.

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

PNM Resources ($PNM) is the worst of the worst. The electrical utility company cratered -5.99% as Avangrid canceled its merger.

Here’s the daily chart.

And weak weekly chart.

Recommended Reading

Here are a few recommended readings…

Extraordinary Popular Delusions and The Madness of Crowds (Amazon)

Zen in the Art of Archery (Amazon)

Trading in the Zone (Amazon)

Thinking in Bets (Amazon)

Enjoying Popularity + Price?