Warrior Met Coal Carries On

New 52-Week Highs led New Lows — 124 vs. 35.

June 03, 2024

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.

Stocks were split. The Nasdaq Composite and S&P 500 inched higher. The Russell 2000 and Dow dipped lower.

Healthcare, communications and tech finished positive. Energy fell -2.62%. Industrials and utilities tumbled approx. -1.2%.

New 52-Week Highs led New Lows — 124 vs. 35.

The Best of the Best

Warrior Met Coal ($HCC) is the best of the best. The metallurgical coal producer carried +6.65% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

$HCC has 806 followers on Stocktwits.

CRA International ($CRAI) is a notable new high. The consulting company carried +2.22% and closed at an all-time high.

$CRAI reported Q1 earnings May 2nd — the stock is up +20% since.

Here’s the daily chart.

And weekly chart.

$CRAI has 93 followers on Stocktwits.

ICICI Bank ($IBN) is a notable new high. The India-based bank bounced +5.91% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

$IBN has 1,829 followers on Stocktwits.

The Worst of the Worst

Sasol ($SSL) is the worst of the worst. The South African energy and specialty chemicals company cratered -6.89% and closed at its lowest price since November 2020.

Here’s the daily chart.

And weak weekly chart.

$SSL has 3,295 followers on Stocktwits.

Fastly ($FSLY) is a notable new low. The cloud platform provider fell -3.19% and closed at its lowest price since December 2022.

$FSLY finished 2% above its all-time low close.

Here’s the daily chart.

And weak weekly chart.

$FSLY has 35,270 followers on Stocktwits.

Talos Energy ($TALO) is a notable new low. The oil & natural gas producer dove -6.74% and closed at its lowest price since May 2023.

Here’s the daily chart.

And weak weekly chart.

$TALO has 1,710 followers on Stocktwits.

52-Week Highs

52-Week Lows

See the spreadsheet here.

Trends with No Friends Index

After the close, I updated the Trends with No Friends Index. I added CRA International ($CRAI) was stopped out of Onto Innovation (ONTO) and Badger Meter ($BMI).

Click the link to view a Google Spreadsheet where I track the positions. Please note, this sheet is a work in progress. I will continue to refine the reporting to best serve our needs. Feedback is appreciated.

Godspeed.