- Trends with No Friends
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- The Cereal Spin-Off Surge
Happy Tuesday. 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.
Every major index marched higher. The Russell 2000 rallied +1.79%.
Communications, tech, industrials, healthcare and consumer discretionary carried +1%. Basic materials was the only negative sector.
New 52-Week Highs led New Lows — 61 vs. 8.
The Best of the Best
Grupo Aeroportuario del Sureste ($ASR) is the best of the best. The Mexican airport developer dashed +7.33% and closed at an all-time high.
Monday, the company reported Q1 earnings citing 15% YoY revenue growth.
Here’s the daily chart.
And monster monthly chart.
WK Kellogg ($KLG) is a notable new high. The cereal spin-off surged +8.13% and closed at an all-time high.
Here’s the daily chart.
Mueller Industries ($MLI) is a notable new high. The construction materials manufacturer marched +7.28% and closed at an all-time high after its Q1 earnings report.
Here’s the daily chart.
And weekly chart.
The Worst of the Worst
Sasol Limited ($SSL) is the worst of the worst. The South African chemicals company cratered -9.58%.
Here’s the daily chart.
And menacing monthly chart.
MSCI ($MSCI) is a notable new low. The investment data provided dipped -13.43% after its Q1 earnings report.
Here’s the daily chart.
And weak weekly chart.
52-Week Highs
52-Week Lows
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