Palomar Propels +9%

New Lows Close On New Highs

Happy Pi Day!

The major indices marched lower. The Russell 2000 tumbled -2%.

Real estate reversed -1.41%. Financials, utilities and consumer staples stumbled -0.8%. Energy advanced +1%.

New 52-Week Highs led New Lows — 113 vs. 26.

The Best of the Best

Palomar Holdings ($PLMR) is the best of the best. The specialty insurance company surged +8.91% and closed at its highest price since Nov. 2, 2022.

Thursday morning, Jefferies upgraded Palomar citing, “industry-leading gross premium written (GPW) growth across product lines and a rebound in net premium earned (NPE).”

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

Ginkgo Bioworks ($DNA) is the worst of the worst. The biotech broke down -9.4% and closed at an all-time low.

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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