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- CSW Carries On Record Setting Earnings
CSW Carries On Record Setting Earnings
Stellantis Continues To Stall
Good evening. Welcome to Trends with No Friends.
We have some business before we dive in...
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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 $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Big cap tech bounced back. The Nasdaq Composite carried +2.64%. The S&P 500 surged +1.58%.
Technology advanced +4.24%. Consumer discretionary, utilities, communications, industrials and basic materials marched more than +1%. Healthcare dipped -0.37%.
New 52-Week Highs led New Lows — 349 vs. 5.
THE BEST OF THE BEST
CSW Industrials ($CSWI) is the Best of the Best. The industrial solutions provider propelled +8.27% following its record setting earnings report.
$CSWI closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Stellantis ($STLA) is the Worst of the Worst. The auto conglomerate fell -0.36% and closed at its lowest price since June 2023.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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