The Buzz 🐝 Week 17

Patrick Dunuwila
June 26, 2023

Welcome to The Buzz! 

Week starting June 26, 2023 | Edition No. 17 

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 17 scan

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 

There were more Energy stocks than usual on this week's list, including $VLO, $CHX, $PTEN, $CRC, and $ESTE. Tech, Health Care, and Industrials were also well represented on this week’s list. 

The two largest stocks in terms of market cap were Banks - $JPM and $IBN. Both have held up well relative to their peers. 

The five largest: (By Market Cap) 

  • $JPM - JPMorgan Chase & Co.
  • $IBN - ICICI Bank Limited
  • $VALE - Vale S.A.
  • $VLO - Valero Energy Corp.
  • $SPOT - Spotify Technology

The five closest to 52-week highs: 

  • $KBH - KB Home 
  • $NVT - nVent Electric
  • $SPOT - Spotify Technology
  • $JPM - JPMorgan Chase & Co.
  • $IBN - ICICI Bank Limited

Top Gainers (1-Week % Change) 

  • $NEOG - Neogen Corp.
  • $NTRA - Natera Inc
  • $SPOT - Spotify Technology
  • $GTLS - Chart Industries Inc.
  • $RCM - R1 RCM inc.

We’re only recommending one setup this week. But it’s in one of the strongest industry groups, and we think it’s poised to make a new leg higher. 

Let’s take a closer look… 

 

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