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- La-Z-Boy Lifts Off
La-Z-Boy Lifts Off
New 52-Week Highs led New Lows — 104 vs. 66.
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.
It was a muted day in the market. The S&P 500 was the best performing major index. $SPX inched +0.25%.
Financials and industrials advanced more than +0.50%. Communications closed -0.59%.
New 52-Week Highs led New Lows — 104 vs. 66.
The Best of the Best
La-Z-Boy ($LZB) is the best of the best. The residential furniture manufacturer marched +19.39% following its Q4 earnings report.
$LZB closed at its highest price since June 2021.
Here’s the daily chart.
And weekly chart.
Trane Technologies ($TT) is a notable new high. The heating and cooling systems provider propelled +3% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
TTM Technologies ($TTMI) is a notable new high. The printed circuit board manufacturer carried +2.60% and closed at its highest price since August 2018.
Here’s the daily chart.
And monster 3M chart.
The Worst of the Worst
Roku ($ROKU) is the worst of the worst. The television streaming platform tumbled -2.67% and closed at its lowest price since May 2023.
Here’s the daily chart.
And weak weekly chart.
SolarEdge ($SEDG) is a notable new low. The solar stock stumbled -3.03% and closed negative for its 6th straight day.
Here’s the daily chart.
And weak weekly chart.
Paramount ($PARA) is a notable new low. The mass media conglomerate fell -2.24% and closed at its lowest price since August 2009.
Here’s the daily chart.
And monthly chart.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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