A Muted Monday

New 52-Week Highs led New Lows — 75 vs. 3.

March 11, 2024

Good evening, it was a muted Monday.

The Dow was the only major index to inch higher. The Russell 2000 tumbled -0.81%.

Basic materials and energy surged more than 1%. Real estate and industrials retreated -0.50%.

New 52-Week Highs led New Lows — 75 vs. 3.

See the full sheet here.

The Best of the Best

Philippine Long Distance Telephone ($PHI) is the best of the best. The Filipino telecommunications company popped +16.74% and closed at its highest price since December 13, 2023.

The price surge was accompanied with an influx of volume. $PHI traded more than 1M shares compared to 13K traded last friday.

Here’s the daily chart.

And weekly chart.

$PHI has 195 followers on Stocktwits.

The Worst of the Worst

Kennedy-Wilson ($KW) is the worst of the worst. The real estate investment company cratered -2.12% and closed at its lowest price since November 2012.

$KW reported earnings Wed. February 21st and is down -15.48% since the announcement. Read the press release here.

Here’s the dumpster fire daily chart.