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- FTAI Flies To An All-Time High
FTAI Flies To An All-Time High
New 52-Week High led New Low — 79 vs. 68.
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 above $1B market cap with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
Every major index inched higher. The S&P 500 and Nasdaq Composite closed at an all-time high.
Consumer discretionary and technology advanced more than +1.5%. Industrials, consumer staples and financials gained approx. +1%. Utilities tumbled -1%.
New 52-Week Highs led New Lows — 79 vs. 68.
The Best of the Best
FTAI Aviation ($FTAI) is the best of the best. The aerospace products manufacturer marched +5.72% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
Camtek ($CAMT) is a notable new high. The metrology semiconductor specialist surged +6.57% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
Veeco Instruments ($VECO) is a notable new high. The semiconductor component manufacturer carried +2.92% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
The Worst of the Worst
SolarEdge ($SEDG) is the worst of the worst. The solar stock stumbled -4.09% and closed at its lowest price since April 2019.
Here’s the daily chart.
And weak weekly chart.
Paramount Global ($PARA) is a notable new low. The mass media conglomerate fell -3.34% and closed at its lowest price since August 2009.
Here’s the daily chart.
And monthly chart.
Zoom Video ($ZM) is a notable new low. The virtual communications software developer dipped -1.37% and closed at an all-time low.
$ZM is down -7.5% since its IPO.
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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