The Buzz 🐝 Week 19

Welcome to The Buzz! 

Week starting July 10, 2023 | Edition No. 19

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 

There were an unusual amount of REITs on this week’s list, including $PSA, $AMT, $EXR, $IRM, $DLR, and $WPC. 

It’s not clear why REITs are buzzing right now. They haven’t been particularly volatile lately, but it’s worth keeping an eye on this group in the near term. Perhaps a move is brewing. 

We continue to be in a risk-on environment for stocks. We’re sticking with our long bias until price action suggests otherwise. 

Keep in mind earnings season is approaching. If you’re holding individual stocks, be aware of when they report and manage risk responsibly.

The five largest: (By Market Cap) 

• $NVO - Novo Nordisk
• $SAP - SAP SE
• $AMT - American Tower Corp.
• $FI - Fiserv, Inc. 
• $PSD -Public Storage

The five closest to 52-week highs: 

• $FI - Fiserv, Inc. 
• $IRM - Iron Mountain Inc.
• $TDW - Tidewater Inc. 
• $SAP - SAP SE. 
• $TMHC - Taylor Morrison Home Corp.

Top Gainers (1-Week % Change) 

• $VYTX - Ventyx Biosciences 
• $DOCN - DigitalOcean Holdings 
• $TDW - Tidewater, Inc. 
• $GNW - Genworth Financial 
• $OPK - Opko Health Inc

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…