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Clues About These New Market Highs: StockTwits

NEW YORK (TheStreet) -- Stocks kicked off a new quarter just as they've left the previous six: with gains.

But due to carnage in many of this year's big names, what companies are leading this latest leg up -- which saw the S&P 500 (^GSPC) hit new all-time highs? Investors looking for answers might find the StockTwits Social Heatmap a valuable ally.

Today, the Heatmap shows us that the home furnishing, metal fabrication and packaging & containers sectors have seen the greatest increases in discussion on over the past seven days:

Screen Shot 2014-04-01 at 1.01.26 PM

A quick click on the home furnishing stores stream will point you to Restoration Hardware (RH - Get Report). Its stock has been emblematic of the overall market surge, as it traded today within a whisker of new all-time highs:

$RH is back near all-time highs.

-- SL 50 (@SL50) Apr. 1 at 11:44 AM

Tower International (TOWR - Get Report) is another stock making new all-time highs that you would uncover when clicking through to the metal fabrication stream:

$TOWR was in my watchlist yesterday! Strong action! Strong breakout

-- Joao Afonso (@JCPAfonso) Apr. 1 at 12:18 PM

Users clicking through to the packaging & containers stream would quickly discover Crown Holdings (CCK) packing up for a new trip to all-time highs as well:

$CCK is getting really close to a breakout. WEEKLY chart.

-- David Blair (@crosshairtrader) Mar. 31 at 12:38 PM

And much to the surprise of many, clicking through to the aluminum stream will reveal the new market darling Alcoa (AA), which continues to build on a great year for its shareholders:

$AA This is one that I would take the chance through earning just based on the chart.

-- Lloyd Cox (@tradewithjoe) Mar. 30 at 02:59 PM

The stock market is an endless opportunity machine. Some days, weeks and months are harder than others, but watching where the money -- and increasingly where the social conversation -- is flowing offers the nimble and opportunistic market participant an edge.

StockTwits' unique social and sentiment tools can be another weapon in your arsenal.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff. 

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