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- Matson Sails To An All-Time High
Matson Sails To An All-Time High
Lucid Travels To An 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 Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Stocks got spooked. Every major index closed negative. The Nasdaq Composite cratered -2.76%. The S&P 500 fell -1.86%.
Technology tumbled -3.21%. Real estate and consumer discretionary dropped more than -1.5%. Utilities advanced +1.04%. Energy gained +0.62%.
New 52-Week Highs led New Lows — 93 vs. 59.
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