Four social climbers

September 26, 2016 01:00 PM

Social Media stocks have provided investors with strong performance in 2016. As of mid-August, the Global X Social Media Index ETF (SOCL) had delivered a year-to-date performance of 18%, easily outperforming the S&P 500 and Nasdaq Composite indexes, which have returned 6.85% and 4.5% respectively. This report will utilize Trendrating’s Smart Momentum analytics to explore momentum within the U.S. listed constituents of SOCL. 

“SOCL scorecard” shows the current distribution of momentum among the 18 U.S.-listed stocks in SOCL. As we can see, the vast majority of stocks are in an established bullish trend (“A” rated). These stocks have  since delivered an average performance rating of about 32%. The “B” rated stocks have delivered 8% while the only negatively rated stock, Renren SP Ads (RENN), has dropped 43% since its negative rating (see “D for drawdown”). “Debutants” shows the best performing positively rated stocks with the timing of issued rating and subsequent performance.

About the Author

Rocco Pellegrinelli, Trendrating founder & CEO, began his career as a portfolio manager and investment banker and has since been a proven fintech entrepreneur for the past 20 years. He created Brainpower in 1996 and established it as one of the top portfolio management systems globally. After going public on the Frankfurt Stock Exchange in 2000, Brainpower was acquired by Bloomberg in 2006. @trendrating