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- BBB Foods Finds An All-Time High
BBB Foods Finds An All-Time High
New 52-Week Highs led New Lows — 185 vs. 11.
Happy Monday! 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.
The market marched higher. Every major index and sector closed positive.
The Russell 2000, Nasdaq Composite and S&P 500 surged more than +1%.
Communications, financials, technology, consumer discretionary and industrials advanced more than +1%. Consumer staples and real estate finished flat.
New 52-Week Highs led New Lows — 185 vs. 11.
The Best of the Best
BBB Foods ($TBBB) is the best of the best. The new issue Mexican grocer gained +8.29% and closed at an all-time high.
Here’s the daily chart.
United States Lime & Minerals ($USLM) is a notable new high. The lime and limestone producer popped +5.90% and closed at an all-time high. After the close, $USLM announced a 5-for-1 stock split to take effect July 12, 2024.
The stock is up +16.21% since it reported Q1 earnings on April 30th.
Here’s the daily chart.
And monster monthly chart.
Comfort Systems USA ($FIX) is a notable new high. The HVAC and electrical contractor carried +6.51% and closed at an all-time high.
Here’s the daily chart.
And quarterly chart.
The Worst of the Worst
Walgreens Boots Alliance ($WBA) is the worst of the worst. The retail pharmacy fell -3.09% and closed at its lowest price since May 1998.
Here’s the daily chart.
And monthly chart.
Boston Beer ($SAM) is a notable new low. The alcoholic beverage brewer broke down -3.27% and closed at its lowest price since April 2019.
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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