The Buzz 🐝 Week 13

Welcome to The Buzz! 

Week starting May 29, 2023 | Edition No. 13 

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!

Download as TradingView Watchlist 

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 

The buzz around Bank stocks continues to die down. At the same time, we’re starting to see more Tech, Health Care, and Consumer Discretionary names show up. Retail was a noteworthy theme this week, with stocks like $URBN, $ANF, $FL, $BJ, and $LOW making the list. 

It wasn’t surprising to see Semiconductor stocks like $NVDA and $AVGO make an appearance after the monster week they just had. We’re also seeing other AI related stocks on the list like, $RXRX, and $SDGR. 

A few of our recent trade ideas made the list again this week, including $KRYS, $PRI, and $NVGS. 

The five largest: (By Market Cap) 

• $NVDA - Nvidia Corp. 
• $AVGO - Broadcom Inc. 
• $LOW - Lowe’s Companies, Inc. 
• $ROL - Rollins, Inc. 
• $RNR - RenaissanceRe Holdings Ltd.

The five closest to 52-week highs: 

• $AVGO - Broadcom Inc. 
• $NVDA - Nvidia Corp. 
• $KRYS - Krystal Biotech, Inc. 
• $URBN - Urban Outfitters, Inc. 
• $COOP - Mr. Cooper Group, Inc.

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

• $ANF - Abercrombie & Fitch Co. 
• $FL - Foot Locker, Inc. 
• $RXRX - Recursion Pharmaceuticals 
• $URBN - Urban Outfitters, Inc 
• $FUN - Cedar Fair, L.P.

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