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The Buzz 🐝 Week 18

July 3, 2023

Welcome to The Buzz! 

Week starting July 3, 2023 | Edition No. 18 

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 

Given the bullish trend in the market, we’re looking to identify long setups rather than shorts. We continue to like areas of the market showing relative strength, such as Semiconductors, Homebuilders, and Industrials. 

When we run our scan, we filter out Cryptocurrencies. However, it might interest you to know Ethereum ($ETHUSD) showed up in our raw data this week, which suggests investor interest is returning after a long cold Crypto Winter.

The five largest: (By Market Cap) 

  • $JD - JD.Com
  • $CM - Canadian Imperial Bank of Commerce
  • $SBAC - SBA Communications Corp.
  • $CUK - Carnival
  • $ELS - Equity Lifestyle Properties Inc.

The five closest to 52-week highs: 

  • $DO - Diamond Offshore Drilling
  • $CUK - Carnival
  • $TKR - Timken Company
  • $PLAB - Photronics, Inc.
  • $GNTX - Gentex Corp.

Top Gainers (1-Week % Change) 

  • $JOBY - Joby Aviation
  • $OSTK - Overstock.com Inc.
  • $CRK - Comstock Resources, Inc.
  • $CUK - Carnival
  • $TKR - Timken Company

We’re outlining two actionable trade ideas for you today. We’ll also look at a few other charts from our list that are noteworthy but not necessarily actionable just yet.

Let’s take a closer look… 

 

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