Core & Main Marched +7.50%

BlackBerry Breaks to 21-Year Low

March 19, 2024

Good evening everyone. Happy turnaround Tuesday.

After gapping lower, every major index marched to close in positive territory.

Energy advanced more than 1%. Utilities, consumer discretionary and industrials inched +0.8%. Communications and real estate finished flat.

New 52-Week Highs led New Lows — 132 vs. 13.

Core & Main ($CNM) is the best of the best. The water & wastewater product supplier surged +7.50% after it released Q4 earnings.

The company missed on the bottom line, but beat top line estimates and posted positive sales guidance. Read the press release here.

Check out the daily chart.

And wild weekly chart.

BlackBerry ($BB) is the worst of the worst. The mobile phone enterprise software company collapsed -6.79% and closed at a 21-year low.

Here’s the disastrous daily chart.

And murderous monthly chart.

Here are a few sweet links curated by Riley…

or to participate.