Cadeler Carries to All-Time Highs

New 52-Week Highs led New Lows — 188 vs. 31.

May 21, 2024

Good afternoon! 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 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.

Markets were muted. The Nasdaq Composite, S&P 500 and Dow inched +0.20%.

Utilities advanced +0.90%. Consumer discretionary, financials and consumer staples jumped more than +0.50%. Energy dipped -0.50%.

New 52-Week Highs led New Lows — 188 vs. 31.

The Best of the Best

Cadeler ($CDLR) is the best of the best. The new issue offshore wind power supplier surged +11.10% and closed at an all-time high.

Here’s the daily chart.

Loar Holdings ($LOAR) is a notable new high. The new issue aerospace and defense company advanced +8.54%.

Here’s the daily chart.

Transcat ($TRNS) is a notable new high. The calibration service provider propelled +14.29% following its Q4 earnings report.

$TRNS travelled to an all-time high.

Here’s the daily chart.

And weekly chart.

The Worst of the Worst

Walgreens Boots Alliance ($WBA) is the worst of the worst. The convenience corner store tumbled -6.40% and closed at its lowest price since 1998.

Here’s the disastrous daily chart.

And melancholy monthly chart.

Teladoc Health ($TDOC) is a notable new low. The telehealth service provider stumbled -3.82% and closed at its lowest price since June 2016.

Here’s the daily chart.

And weak weekly chart.

Coursera ($COUR) is a notable new low. The online learning platform lost -4.41% and closed at an all-time low.

Monday, April 29th, $COUR reported Q1 earnings — the stock is down -30.70% since.

Here’s the daily chart.

And weak weekly chart.

52-Week Highs

52-Week Lows

Riley’s Recommendations

Here are a few sweet links curated by Riley…

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