Swaggy's Top Stonks - Sentiment, earnings SZN, & trending tickers
Swaggy's Top Stonks - Sentiment, earnings SZN, & trending tickers
Swaggy’s Top Stonks. We compile and analyze data from multiple sources bringing you the top trending tickers from around the internet. If you haven’t subscribed already, please do so below.
Swaggy's Top Stonks
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August 1, 2021
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This Week's Letter
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Sentiment Report
IPO Recap
Earnings SZN
Due Diligence Sampler
Trending Tickers
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Quick Brief
I think when most people look at trending stocks and riding momentum they look at very short time-frames. IE: Trying to make 100% gains in just a few days on the hype of certain stocks like WISH, AMD, NIO, etc.
What if Swaggy told you that there was more alpha-generating opportunities looking at the same trending tickers, but through a different lens and a longer time-frame. Is that something you would be interested in?
I am working on a "trending tickers" report where I go through every ticker that has trended on social media using SwaggyStocks data and look at their returns. I think the results will be very interesting to see and hopefully I'll be able to include it in next weekend's newsletter.
IPO Recap
In Wednesday's newsletter I emphasized 3 IPOs opening by the end of the week. This is how they performed after being priced.
Duolingo - Priced at $95-101. DUOL closed at $140 on Friday
Riskified - Priced $18-20. RSKD closed at $27.50 on Friday
Traeger - Priced at $16-18. COOK closed at $22 on Friday
Sentiment Report
This week was all about big tech earnings and for the most part they were all rockstars (minus Amazon). The top trending tickers of the week were the FAAMG group (Facebook, Apple, Amazon, Microsoft, Google) and rightfully so since it was a big week for them.
Other names included in the top list were short-squeeze tickers and weed stocks. I'll go through what was happening this week.
Advanced Micro Devices (AMD)
One of WallStreetBets' favorite names over the last 2 years has been AMD. Lord and savior Su Bae, slang for Lisa Su (the company's CEO), did not fail to deliver on earnings and the stock was up 20% this week.
Bullish sentiment was strong, but the amount of hype was getting to concerning levels as it reached almost 10% of all ticker mentions.
Tilray Inc (TLRY)
WallStreetBets' favorite weed-stock, TLRY, had a great week closing at +15%. Along with the stock price, hype surrounding the ticker also rocketed to roughly 13% of all ticker mentions and over 1,500 mentions this week.
Even after this huge move to the upside the stock is still trading at a 30% discount compared to the peek in June. It leads me to believe there are many bag-holders holding the stock waiting for it to get back to it's glory. Important to note the stock was also trading at $67 in February, but it's trading at it 7-month low.
TAL Education Group (TAL)
This unusual ticker trended early in the week when China announced crackdown on educational platforms that are turning a profit. TAL traded down 70% for the day and WSB saw an opportunity to "buy the dip". Just 3 months ago TAL was trading at almost $60 and is currently only $6, down 90%.
Snap Inc (SNAP)
When it comes to WSB absolutely hating a stock, there are only a few names that come to mind after NKLA and Robinhood. One of these tickers happens to be SNAP.
If we look at the 6-month sentiment chart we can see previously back in April sentiment spiked to the bearish side. Similar to now, WSB doesn't believe the rally is sustainable (SNAP had great earnings)... Looking at the stock price from last earnings until now it doesn't seem like WSB was on the right side of the trade and SNAP has out-performed recently.
Earnings SZN
Another week of BIG names reporting this week. Here's what's on my list of market-movers. Keep in mind for scheduled times BTO = Before Market Open, AMC = After Market Close.
Tuesday
BABA Holdings (BABA) - BMO
Corsair Gaming (CRSR) - BMO
Skills (SKLZ) - AMC
Activision (ATVI) - AMC
Wednesday
Kraft Heinz (KHC) - BMO
Roku (ROKU) - AMC
Uber (UBER) - AMC
Etsy (ETSY) - AMC
Fastly (FSLY) - AMC
Thursday
Moderna (MRNA) - BMO
Square (SQ) - AMC
Cloudfare (NET) - AMC
Clean Energy (CLNE) - AMC
Friday
DraftKings (DKNG) - BMO
Due Diligence - dLocal (DLO)
Our partner newsletter, TheStonksHub Substack, released a premium article on a company that enables cross-border transactions in emerging markets, dLocal (DLO). The company only IPO'd two months ago and is up 50% from it's IPO price.
TheStonksHub research goes through the company's business model, expected market growth, and breaks down their prospectus before going into their first earnings report.
The platform has just recently released it's 25th company break-down, some of which include:
Tilray (TLRY): Playing the waiting game
Global-E (GLBE): The Uncut Diamond
Clean Energy Fuels (CLNE): Turning manure into money, literally
ContextLogic (WISH): The shopping mall in your pocket
Roblox (RBLX): Can Roblox live up to the hype?
Stem (STEM): The next Tesla?
If you enjoy Sunday morning market reads, TheStonksHub releases one report every Sunday morning at 8am EST (minus some holidays).
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