Merchants Bancorp March to All-Time Highs

Wine Wallops

Happy Friday jr!

Markets marched higher. Every major index closed positive. Communications and tech led. Energy lagged.

New 52-Week Highs beat New Lows — 76 vs. 14.

The Best of the Best

Merchants Bancorp ($MBIN) is the best of the best. The regional bank rallied +3.53% and closed at an all-time high. $MBIN is up +28.55% since its October 26th earnings release.

Here’s the daily chart.

And weekly chart.

The Worst of the Worst

Duckhorn Portfolio ($NAPA) is the worst of the worst. The winemaker gapped down -12.05% after it missed earnings estimates.

Here’s the daily chart.

And weak weekly chart.

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