Twenty-four hedge fund favorites likely to see a break higher or lower
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Technical research shop Thrasher Analytics is out with a list of stocks most important to hedge funds.
"Using the Thrasher Analytics Mean Reversion Indicator (TAMRI), I've sorted the stocks by their combined (Absolute & Relative) score, showing the 1st and 4th quartiles," Andrew Thrasher wrote in a note.
"These are not buy and sell recommendations," he said. "These lists show stocks that have potential to mean revert higher (when the TAMRI is low) or revert lower (TAMRI is high). I've also included the 1-year z-score of each stock."
"This can act as a great source of idea generation of stocks that hedge funds may be active buyers or sellers in the coming weeks."
Stocks with mean reversion in first quartile (higher):

Shopify (NYSE:SHOP), mean reversion score -80.82, 1-year z-score -1.696
Netflix (NFLX), -70.82, -1.882
Carvana (CVNA), -70.64, -1.796
Atlassian (TEAM), -68.02, -1.784
Microsoft (MSFT), -66.81, -1.920
PayPal (PYPL), -65.09, -1.419
Meta Platforms (META), -62.44, -1.717
MercadoLibre (MELI), -59.55, -1.833
Workday (WDAY), -59.11, -2.669
Twilio (TWLO), -55.52, -1.619
Amazon (AMZN), -54.02, -2.469
Block (SQ), -48.67, -1.592

Stocks with mean reversion in the fourth quartile (lower):

JD.com (JD), -6.46, -0.862
GoDaddy (GDDY), -4.63, -0.982
Uber (UBER), -0.97, -1.956
Expedia (EXPE), -0.82, -2.497
TransDigm (TDG), -0.17, -1.521
Palo Alto Networks (PANW), 3.29, 0.001
Builders FirstSource (BLDR), 5.2, -0.172
Booking Holdings (BKNG), 8.47, -1.256
UnitedHealth (UNH), 11.6, 0.658
T-Mobile (TMUS), 14.57, 0.284
Humana (HUM), 17.11, 0.506
WillScot Mobile Mini (NASDAQ:WSC), 28.86, 0.256

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