The Buzz 🐝 Week 16

Patrick Dunuwila
June 19, 2023

Welcome to The Buzz! 

Week starting June 19, 2023 | Edition No. 16 

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!

The Buzz 16 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 

Tech continues to be the most dominant sector on the list. Within Tech, the focus is shifting toward Software stocks while the recent buzz around Semiconductor stocks has slightly died down. 

Thankfully, bank stocks are no longer usual suspects on our list, as the dust in that area of the market continues to settle. 

The five largest: (By Market Cap) 

  • $ADBE - Adobe Inc. 
  • $SAP - SAP 
  • $PLD - Prologis 
  • $CCI Crow Castle Inc. 
  • $WIT - Wipro Limited

The five closest to 52-week highs: 

  • $SAP - SAP
  • $ASX - ASE Technology Holding Co.
  • $ADBE - Adobe Inc. 
  • $AM - Antero Midstram Corp 
  • $FRSH - Freshworks Inc.

Top Gainers (1-Week % Change) 

  • $ARVN - Arvinas Inc. 
  • $SPCE - Virgin Galactic Holdings Inc. 
  • $LITE - Lumentum Holdings 
  • $ADBE - Adobe Inc. 
  • $ATEN - A10 Networks Inc.

In the interest of being picky and not forcing trades, we only have one actionable trade idea for you today. 

Let’s take a closer look… 

 

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