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A prominent analyst says a number of stocks are headed down - see their alternative data

2 months ago by Jon Marino in M&A

Julian Emanuel, chief equity and derivatives strategist at BTIG, likes the stock market in 2020 - just not every stock. Business Insider wrote up his recent picks of nine winners and losers - and we have opted to take a look at stocks where Emanuel is less than sanguine, so to say. 

Dish Cooks Up More Job Postings

Thinknum readers can get caught up on all 18 of Emanuel's picks here - and we have alternative data covering some of his short picks.

What's more, is (not to contradict an expert) Dish ($NASDAQ:DISH) doesn't seem like a company that's prepping for a downturn any time soon. In fact, after a recent low at at the end of June, job postings shot up 75% since the second half of 2019 began. Shares are up 22% over the last 12 months, and well off highs from 2014, but the cord-cutting phenomenon is real and BTIG is down on Dish to start the year.

How Sweet It Isn't? 

One of the things that sticks the most about Hershey's ($NYSE:HSY) social media data is that Reese's is not its leader for Facebook ($NASDAQ:FB) Likes. It is, somewhat surprisingly, Kit Kat - although the chocolate/wafer/candy's international appeal may be doing more to drive that than anyone in the US can.

Job postings at Hershey (not shown) also took a dip to end 2019, but they bounced back - which is less than what we can say for the stock. After hitting all-time highs this summer, Hershey shares are down 6.5%, and Emanuel thinks they have further to fall. Also down is Hershey's Facebook Talking About Count - above - which should be particularly worrisome for a chocolate company with a similarly-branded theme park. 

Sherwin Williams Was A 2019 Titan - But It Could Be Over

This last one just seems like BTIG found an easier target. Sherwin Williams' ($NYSE:SHW) shares are trading around an all-time high, and have shot up 50% over the last 12 months. Every year, Sherwin Williams appears to yank some of its job postings - and every year, they kick off January by adding more.

For 2020, its 'rebound tally' shot up higher than the pace of hiring in 2019, signaling that - like Dish - it's still likely on a path toward growth. Whether that's more profitable than it has been in the past, remains to be seen, of course. 

About the Data: 

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

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Jon Marino

Jon Marino is Thinknum's finance editor, covering the impacts of alternative data on public companies and investors. Prior to joining Thinknum, Jon worked in the ...

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