Breaking down the most mentioned stocks

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Today's Letter

• Most Mentioned Companies from the first half of 2023.

• Fundamentals Breakdown of the Companies.

• Unusual Options Activity: Looking at the indices SPY, QQQ, and other important ETFs. Where is the volume being traded?

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Before we begin, a message from today’s sponsor, We The Investors

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Here are the 20 most mentioned companies from the first half of 2023, sorted by total mentions in descending order (excluding ETF mentions).

Fundamentals Breakdown of the Companies

Today we are going to break down the top 50 most popular/most mentioned companies and rank them by:

• P/E ratio

• Price/Sales ratio

• Enterprise Value to Market Cap ratio.

Top 15 Most Expensive (profitable companies) by P/E ratio.

These are the profitable companies from the list that are trading at a rather high premium in terms of Price-to-Earnings ratio (P/E).

The average P/E of companies in the SPY is currently at 25x, so keep that in mind when you see some of these names trading at nearly double that metric.

Top 15 Most Expensive by Price/Sales ratio.

Similar to the top list sorted by P/E, the Price/Sales metric will also provide a look as to how expensive each company is currently trading at.

Generally speaking high-growth names will trade at much higher P/S valuations, and may continue to do so until growth starts to slow… and then what?

For perspective, AAPL trades at a P/S of 7x currently.

Top 25 ranked by Enterprise Value (EV) to Market Cap (MC)

Companies trading at higher enterprise value to market cap indicates that the company has a strong balance sheet and is generating significant cash flow. This suggests that the company has valuable assets and is able to effectively utilize its resources to generate profits. Additionally, a higher enterprise value to market cap ratio may indicate that the company is undervalued by the market, presenting an opportunity for investors to potentially earn higher returns.

You’ll notice that “bankruptcy names” are at the top of this list. Potential bankruptcy stocks may have a high enterprise value to market cap ratio due to several factors. Firstly, the enterprise value takes into account not only the market capitalization but also the debt and other liabilities of a company. In the case of potential bankruptcy, the company may have a significant amount of debt, which increases the enterprise value. Secondly, the market capitalization of such stocks may be low due to the market's perception of the company's financial distress and the potential risk of bankruptcy. As a result, the enterprise value to market cap ratio can be high, indicating a higher level of debt relative to the perceived market value of the company.

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