BALTIMORE (Stockpickr) -- Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you.

From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.

Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd.

While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis.

Today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market.

Hanesbrands

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Second-quarter earnings numbers are crushing shares of apparel maker Hanesbrands (HBI) - Get Report this afternoon. Earnings were in line with estimates, but this clothing stock is down about 10% after it cut its guidance for 2015. The firm now expects to hit slightly below $5.9 billion in sales for the full year.

  • Nearest Resistance: $33
  • Nearest Support: $28
  • Catalyst: Q2 Earnings

Shares had been looking bullish from a long-term standpoint, but the technical setup in Hanesbrands never triggered -- and today's big gap down means that investors can forget about any chances of a bullish breakout in this stock this summer.

SunEdison

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Solar stock SunEdison (SUNE) is getting swatted 6.7% lower this afternoon, following a less-than-ideal start of trading for the IPO of its TerraForm Global (GLBL) subsidiary.

  • Nearest Resistance: $30
  • Nearest Support: $24
  • Catalyst: TerraForm IPO

Shares of TerraForm Global priced 47 million shares at $15 in the initial offering, a number that's well short of the 56.6 million shares that bankers were looking to sell for $19 to $21. That underperformance is going to be reflected in SunEdison's balance sheet in the coming quarter.

Technically speaking, SunEdison has looked rough for the last couple of weeks. Shares violated their uptrend in the middle of July, and this stock has been trading lower ever since.

Until SunEdison can catch some semblance of support again, it's best avoided by longs.

Chevron

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Chevron (CVX) - Get Report is down 3.4% following its second-quarter earnings release. It earned 30 cents for the quarter, taking writedowns on a large number of oil-producing assets as a result of lower crude prices. All told, it's Chevron's lowest profit in 12 years -- but shares are seeing a more modest reaction because that drop has largely already been priced in.

  • Nearest Resistance: $100
  • Nearest Support: N/A
  • Catalyst: Q2 Earnings

Trading has been fairly one-sided in Chevron in 2015: sellers are clearly in control of shares right now. The violation of big round-number support at $100 back in June was the start of a selloff that's accelerating under Chevron's earnings update.

This stock might be getting cheaper, but it could be getting cheaper still before the summer's out. Longs should stay away for the time being.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.