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- EVs Unplugged
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 with high relative strength and low social following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low social following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Social Following can really outperform as more investors discover them.
They are ripe to rip.
On Friday, every major index and sector settled negative.
The Russell 2000 tumbled approx. -2%.
Basic materials, communications, energy, tech, consumer discretionary and healthcare corrected more than -1.5%.
New 52-Week Highs led New Lows — 63 vs. 60. Of the 63 new highs, only 5 closed positive.
The Worst of the Worst
NIO ($NIO) is the worst of the worst. The EV manufacturer unplugged -7.85% and closed at its lowest price since May 2020.
Here’s the daily chart.
And weak weekly chart.
VinFast Auto ($VFS) is a notable new low. The Vietnamese EV maker fell -10.67% and closed at an all-time low.
Here’s the daily chart.
VF Corp ($VFC) is a notable new low. The apparel conglomerate cratered -7.77% and closed at a 14-year low.
Here’s the daily chart.
And monthly chart.
The Best of the Best
PACS Group ($PACS) is the best of the best. The new issue healthcare company carried +4.35%.
Here’s the daily chart.
$PACS has yet to be listed on Stocktwits.
Mach Natural Resources ($MNR) is a notable new high. The OKC-based oil and gas company gained +3.08% and closed at an all-time high.
Here’s the daily chart.
Coupang ($CPNG) is a notable new high. The South Korean ecommerce company advanced +11.49% and closed at its highest price since March 2022.
Friday, Coupang announced that it will increase the price for its membership program. Here’s IBD with more.
Check out the daily chart.
And weekly chart.
52-Week Lows
52-Week Highs
Riley’s Recommendations
Here are a few sweet links curated by Riley…
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