$RXO Ripped +8.45%

$NKE Scores Another 4-Year Low

July 15, 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 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.

Every major index inched higher. The Russell 2000 rallied +1.80%.

Energy and financials flew approx. +1.50%. Utilities tumbled -2.43%.

New 52-Week Highs led New Lows — 335 vs. 5.

THE BEST OF THE BEST

RXO ($RXO) is the Best of the Best. The transportation solutions provider ripped +8.45% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

THE WORST OF THE WORST

Nike ($NKE) is the Worst of the Worst. The athletic company cratered -2.87% and closed at its lowest price since March 2020.

Here’s the daily chart.

And weak weekly chart.

52 WEEK HIGHS

52 WEEK LOWS

RILEY’S RECS

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