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- Affiliated Managers Marches To New Highs
Affiliated Managers Marches To New Highs
Stellantis Stalls
Good evening. Welcome to Trends with No Friends.
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Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Markets were muted. The S&P 500, Nasdaq Composite and Dow finished flat. The Russell 2000 tumbled -1.09%.
Consumer discretionary carried +1.67%. Communications and real estate rallied more than +0.60%. Energy lost -0.86%.
New 52-Week Highs led New Lows — 190 vs. 10.
THE BEST OF THE BEST
Affiliated Managers Group ($AMG) is the Best of the Best. The independent investment advisor advanced +3.89% following its Q2 earnings report.
$AMG closed at its highest price since November 2021.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Stellantis ($STLA) is the Worst of the Worst. The auto manufacturing conglomerate cratered -3.79% and closed at its lowest price since July 2023.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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