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- Reynolds Wrap Seals 18-Month High
Reynolds Wrap Seals 18-Month High
Is The Airbnb Era Over?
Good evening. Welcome to Trends with No Friends.
We have business before we dive in...
Trends with No Friends is nearly a year old! To celebrate, we’re cooking up a few new features that I cannot wait to share, but as we continue to grow please send ideas you have as to how we can improve and what additional insights you’d like to see.
Onward…
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.
Stocks faded the morning gap. Every major index finished negative. The Russell 2000 and Nasdaq Composite lost more than -1%.
Consumer discretionary, technology, basic materials and healthcare cratered more than -1%. Utilities, energy, financials and consumer staples settled higher.
New 52-Week Highs led New Lows — 51 vs. 48.
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