- Retail Radar by Stocktwits
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- $RXO Sets An All-Time High
$RXO Sets An All-Time High
$NKE Scores 4-Year Low
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 above $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Last Friday, the Russell 2000 was the only major index to finish higher. The Nasdaq Composite lost -0.71%.
Real estate rallied +0.81%. Energy and financials advanced approx. +0.30%. Utilities and consumer discretionary dipped more than -1%.
New 52-Week Highs led New Lows — 89 vs. 26.
The Best of the Best
RXO Inc ($RXO) is the best of the best. The transportation solutions provider propelled +4.85% and closed at an all-time high.
Last Monday, the company announced the acquisition of Coyote Logistics from UPS.
Here’s the daily chart.
And weekly chart.
The Worst of the Worst
Nike ($NKE) is the worst of the worst. The athletic company collapsed -19.98% following its Q4 earnings report.
$NKE nestled to its lowest price since March 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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