The Chinese "LinkedIn" Lept +18.8%

New 52-Week Highs led New Lows — 121 vs. 9.

Good evening everyone. Happy Tuesday.

The Nasdaq Composite carried +1.54%. The S&P 500 surged 1.12%. The Russell 2000 finished flat.

Tech was the strongest sector. $XLK accelerated +2%. Basic materials, energy, real estate and utilities closed negative.

New 52-Week Highs led New Lows — 121 vs. 9.

The Best of the Best

KANZHUN Limited ($BZ) is the best of the best. The Chinese “LinkedIn” bounced +18.80% following its Q4 earnings beat and announced a $200M stock buyback.

Revenue grew 46% and monthly active users advanced 33.3% YoY. Read the press release here. 

Check out the daily chart.

And weekly chart.

The Worst of the Worst

Leggett & Platt ($LEG) is the worst of the worst. The furniture manufacturer fell -6.29% and closed at its lowest price since April 2020.

Here’s the daily chart.

And weak weekly chart.

Riley’s Recommendations

Here are a few sweet links curated by Riley…

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