StockTwits Top 10 Falls Slightly
The StockTwits Top 10 portfolio fell slightly over the past month and is tracking pretty much in line with the S&P 500 index (SPX) for the year. Only two stocks had gains larger than 5% this month. They were Twitter (TWTR) up 6.5% and Luluemon (LULU) up over 7%. The stocks that lagged the most were Advanced Micro Devices (AMD) down 17% and First Solar (FSLR) down over 10%.
It’s the first Friday of the month so it’s time for new picks in the portfolio. Three stocks stayed in the list with the most interesting being FSLR. It was down more than 10% last month, but kept support in the StockTwits community. It will be interesting to see if the bullishness on StockTwits will propel the stock higher over the next month. The other two stocks that stayed in the list were Micron (MU) and LULU.
One other thing to notice is the rotation to Financial stocks that we’ve noted over the past several weeks continues and is showing up in the new portfolio picks.
Below is a list of stocks with the most support on StockTwits (most bullish) over the past month. The model portfolio picks the top 10 on the first Friday of every month.
Below is a performance chart and details of last month’s holdings. I’ll update the details with Friday’s closing prices sometime over the weekend.
Disclosure: None.