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- $SPXC Climbs +4.04%
$SPXC Climbs +4.04%
$AAL Flies To 4-Year Low
Good afternoon. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Markets were mixed as buyers rotated into small-caps. The Russell 2000 rallied +3.57%. The Nasdaq Composite cratered -1.95%.
Real estate ripped +2.66%. Utilities, basic materials, industrials and energy surged more than +1%. Tech tumbled -2.5%.
New 52-Week Highs led New Lows — 226 vs. 5.
THE BEST OF THE BEST
SPX Corporation ($SPXC) is the Best of the Best. The $7B infrastructure supplier flew +4.04% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
American Airlines ($AAL) is the Worst of the Worst. The airline operator declined -3.77% as its industry peer, Delta Air Lines reported disappointing Q2 earnings.
$AAL is scheduled to report its Q2 earnings on July 15th.
Here’s the daily chart.
And monthly chart.
RILEY’S RECS
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