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- $KB Financial Finds 6-Year High
$KB Financial Finds 6-Year High
$BMBL Tumbles
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 $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Markets marched Friday. The Nasdaq Composite gained +0.90% and closed at an all-time high. The Russell 2000 was the only major index to finish negative.
Communications advanced +1.94%. Consumer staples surged +1.23%. Consumer discretionary and healthcare dashed more than +0.75%. Energy stumbled -1.56%.
New 52-Week Highs led New Lows — 79 vs. 42.
THE BEST OF THE BEST
KB Financial Group ($KB) is the Best of the Best. The $24B Korean bank carried +4.40% and closed at its highest price since January 2018.
Here’s the daily chart.
And monster monthly chart.
THE WORST OF THE WORST
Bumble ($BMBL) is the Worst of the Worst. The dating app tumbled -3.71% and closed at an all-time low.
$BMBL is down -87% since its 2021 IPO.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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