The Buzz 🐝 Week 12

Patrick Dunuwila
May 22, 2023

Welcome to The Buzz! 

Week starting May 22, 2023 | Edition No. 12 

Our mission at The Buzz is simple: to identify and profit from the most-talked-about stocks on social media. 

Every week, we compile a list of stocks trending tickers that are experiencing a large increase in the investor interest. We use social media data from our partners at Likefolio. 

In each weekly report, we outline 1-3 actionable trades. We also take a closer look at a few other charts from our list. Some weeks will have more actionable setups than others, as we don’t want to force trades. 

With any bottoms-up scan, many of these stocks are at the mercy of the broader market. We will always consider the current market environment when identifying our long/short ideas. 

None of these setups are guaranteed to work. Profitable trading requires you to take small losses and let your winners run. If price closes below our risk levels, we want to take the small loss and move on, to preserve capital for future opportunities. 

As always, feel free to reach out to me at Patrick@thechartreport.com with any questions or feedback. 

Let’s dive into this week’s list of trending tickers!

Buzz 12 scan

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This table shows the rate of change in weekly mentions relative to a longer-term average of mention history. In less technical terms, this list shows us the most popular stocks on social media last week. 

List Overview 

Six of the tickers on this week’s list were also on last week’s list, including $FOUR, $BROS, $VECO, $ZD, $STER, and $PRI. We considered excluding them from this week’s list, but we decided there’s information in the fact that they continue to garner investor interest. 

The buzz around Banks must be dying down, as this was the first week without any Bank stocks since the crisis began in March. Instead, this week’s list was dominated by Technology and Consumer Discretionary stocks. 

The five largest: (By Market Cap) 

  • $NGG
  • $OKE
  • $TDY
  • $BRO
  • $DOX

The five closest to 52-week highs: 

  • $DOLE 
  • $WEN 
  • $DOX 
  • $BRO 
  • $VECO

The five most shorted: (% of float held short) 

  • $FOUR 
  • $RIOT 
  • $BROS 
  • $VECO 
  • $REPL 

Let’s kick it off with our three favorite long setups…

 

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