- Trends with No Friends
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- ✈️ Embraer Takes Flight
Happy Sunday!
We rebranded Popularity & Price to Trends with No Friends.
For those just joining us, here’s an overview…
We launched this publication to help investors sift through the noise and discover stocks with high relative strength and a low social following.
Why is relative strength relevant?
Markets trend. Stocks that have outperformed are likely to continue their outperformance.
Why is a low social following important?
Peter Lynch once shared, “If you find a stock with little or no institutional ownership, you’ve found a potential winner. Find a company that no analyst has ever visited, or that no analyst would admit to knowing about, and you’ve got a double winner.”
Lynch invested in an era where Wall Street analysts were prevalent. Today, as the Wall Street analyst industry dissolves, identifying stocks with a low social following indicates a stock is dismissed // uncovered by investors.
Stocks that display both high relative strength and a low social following may be ripe to rip.
Onward…
Friday’s major indices were mixed. The Russell 2000 tumbled -1.27%. The Nasdaq was the only major index to inch higher.
Communications, utilities and tech barley ticked positive. Real estate and financials fell more than 1%.
New 52-Week Highs led New Lows — 180 vs. 15.
The Best of the Best
Worthington Steel ($WS) is the best of the best. The steel maker marched +10.81% after beating Q3 earnings estimates.
On December 1st, Worthington Steel separated from Worthington Enterprises ($WOR). $WS is up +47.54% since.
Here’s the daily chart.
Dream Finders Homes ($DFH) is a notable new high. The new home home builder advanced +5.84% closing at an all-time high.
Here’s the daily chart.
And weekly chart.
Embraer ($ERJ) is a notable new high. The Brazilian aerospace and defense specialist surged +8.09% and closed at its highest price since April 2018.
Last Monday, March 18th, $ERJ reported Q4 earnings.
Here’s the daily chart.
And quarterly chart.
The Worst of the Worst
JinkoSolar ($JKS) is the worst of the worst. The Chinese solar stock unplugged -5.20% and closed at its lowest price since September 2020.
On Wednesday, $JKS reported Q4 earnings. The stock is down -13.9% since.
Here’s the daily chart.
And weak weekly chart.
Zai Lab ($ZLAB) is a notable new low. The Chinese biotech tumbled -6.20% and closed at its lowest price since October 2018.
$ZLAB is less than 10% above its all-time low.
Here’s the daily chart.
And monthly chart.
Agilon Health ($AGL) is a notable new low. The healthcare service provider plunged -9.94% and closed at an all-time low. The stock is down -60% YTD.
Here’s the disastrous daily chart.
And weekly chart.
52-Week Highs
52-Week Lows
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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