SSM

Reddit attention is surging

• SSM +19.23% on the last session vs SPY +0.74%: +18.5 pts of stock-specific move.
• Aftermath, big gain (Oct 1): After its 48 big gains in the past 5 years, SSM typically lost 5.7% over the next week (median) and was higher only 33% of the time; half the outcomes fell between -26.1% and +6.1%. An ordinary week: -2.8%. Among S&P 500 stocks after big gains, that ranks #323 of 500.
• 1 Reddit mentions in the past 24 hours, 88% positive over the week · today's pace is 2.2× its recent daily average.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.