Swaggy's Top Stonks - Sentiment Report
Swaggy's Top Stonks - Sentiment Report
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
Together with... Piestro
September 16, 2021
Welcome newcomers to Swaggy's Top Stonks and thank you for subscribing. Today's edition will be looking at what stocks are trending and why.
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Sentiment Report
I've mentioned in previous posts how the SPAC trade has been kill for quite some time now. From time to time we do see sentiment and hype pick up on select names, which are few and far between. One name that currently stands out from the rest is IronNet (IRNT), which is up almost 300% in the last couple weeks. Of course, timing is everything and to have been able to time this trade would have been extremely difficult. Here's how general popularity looks for IRNT when comparing to the rest of the SPACs list.
Especially in the SPAC trade, it's unusual to see volume of mentions for one name really out-perform like this. Other popular names that are making the cut (most are post-merger) are: SRNG, MNTS, MVST, VIH, LCID, BARK, and SOFI.
IronNet first started gaining popularity shortly after they completed the merger at the end of August. What's interesting about this name is that before it began to trend on WallStreetBets there were way more mentions of it in SPAC-specific channels. In the chart below the gold line is for mentions on WSB and the green line is for mentions around SPAC channels.
Here's another look at the popularity on WSB relative to stock price. As usual, hype didn't really start to pick up until after an absolutely huge move to the upside.
In my opinion, if you are going to be looking at SPACs it's best not to stray too far from the most popular names. Due to their nature of most of them being pre-revenue and sometimes even pre-product they tend to trade mostly on hype of the merger itself. I'll get more into this topic with this Sunday's report.
Other names that are making the top of the hype list this week are:
Palantir (PLTR): Shares of Palantir have been on the rise after finally breaking through the $25 resistance. The stock has been on a solid uptrend, up 5% today it is the #1 most mentioned stock on WallStreetBets.
Uranium Stocks (mainly CCJ): Uranium and energy stocks have also been on the move. After a huge swing to the upside last week they've somewhat cooled off. CCJ is a good one for the watchlist.
The Short-Squeeze Gang: CLOV, WISH, GME, AMC, SDC, and ROOTare the usual suspects in the short-squeeze gang.
FuelCell (FCEL): FuelCell was the talk of the town on Tuesday after a 30% move to the upside.
Berkeley Lights (BLI): Is making headlines today and is also causing an increase in chatter on WSB over fraud allegations. BLI is down 30% in today's session.
The Underdog List
The best plays are not always the ones making the biggest headlines. More often than not the move has already been made for stocks that are trending hard on WSB. Here are some that are going under the radar or just beginning to pick up steam.
Offerpad Solutions (OPAD): This stock is up 40% in today's session. Comments on WSB have spiked about 2,000% relative to the average.
The Metals Company (TMC): Shares are up 20% today and mentions are also up roughly 1,000% relative to their average.
Callaway Golf (ELY): Shares are up 10% over the last 2 sessions and mentions are also up roughly 800%.
Silvergate (SI): A crypto-banking-play is starting to gain some traction. Mentions are up 750% today.
Starbucks (SBUX): Shares of SBUX are trading roughly 8% down over the last two sessions. Sentiment on WSB is that they are buying the dip.
Cloudfare (NET): Nothing unusual about NET's price action, but ticker mentions have picked up around 400% today.
Note: Our partner DD site, TheStonksHub, has a premium article on SI - Silvergate: The Bank of Crypto
TheStonksHub releases one premium report every Sunday and aims to bridge the gap between stocks that are trending and what the company's business model and addressable market looks like.
That's all for today's edition. Keep an eye out for Sunday's report where I go through a detailed look of the SPAC trade and include more of the hyped up tickers from this week.
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