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- The Muted Market
The Muted Market
And Extreme Earnings Drifts
Good evening everyone. It was a muted day in the market. The major indices all closed within +/- 0.20% of their opening print.
New Lows led New Highs — 133 vs. 19.
Today’s “Worst of the Worst” and “Best of the Best” feature extreme post earnings drifts in opposite directions.
The Worst of the Worst
ChargePoint is the Worst of the Worst. The electric vehicle charging network provider unplugged -5.45% closing at an all-time low. The $1.5B company collapsed -34% since its Sept. 6th earnings report.
Here’s the weak weekly chart,

The Best of the Best
Celestica is the Best of the Best. The supply chain solution provider surged +5.61% and closed at a 20-year high. $CLS accelerated +43.2% since its July 26th earnings report.
Here’s the daily chart,

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