IES Holdings Hit All-Time High

New 52-Week Highs led New Lows — 145 vs. 13.

May 05, 2024

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 and sector settled higher. The Nasdaq Composite carried +1.99%.

Technology advanced +2.79%. Energy finished flat.

New 52-Week Highs led New Lows — 145 vs. 13.

The Best of the Best

IES Holdings ($IESC) is the best of the best. The electrical and technology systems provider propelled +17.92% following its Q2 earnings report.

Here’s the daily chart.

And monster monthly chart.

Diebold Nixdorf ($DBD) is a notable new high. The new issue Point-of-Sale technology platform surged +10.08% following its Q1 earnings report.

Here’s the daily chart.

SPX Technologies ($SPXC) is a notable new high. The infrastructure supplier flew +7.37% following its Q1 earnings report.

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

Sprout Social ($SPT) is the worst of the worst. The social media management software stumbled -40.15% after its Q1 earnings report.

$SPT is down -80% since its Sept. 2021 all-time high.

Here’s the daily chart.

And weak weekly chart.

Toronto Dominion Bank ($TD) is a notable new low. The Canadian bank broke down -5.89% due to laundering of illegal drug sales.

$TD tumbled to its lowest close since November 2020.

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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