Affiliated Managers Marches To New Highs

Good evening. Welcome to Trends with No Friends.

We have some business before we dive in…

Trends with No Friends is nearly a year old! To celebrate, we’re cooking up a few new features that I cannot wait to share, but as we continue to grow please send ideas you have as to how we can improve and what additional insights you’d like to see.

Onward…

FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW

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.

$AMG has 398 followers on Stocktwits.

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.

$STLA has 9,417 followers on Stocktwits.

52 WEEK HIGHS

See the full sheet here.

52 WEEK LOWS

See the full sheet here.

RILEY’S RECS

Punta Casitas — Lake Tota, Colombia

One Up On Wall Street: How To Use What Your Already Know To Make Money In The Market

Monterey 2024 — 1967 Ferrari 365 California Spyder by Pininfarina

Tour Inside the Great Pyramid of Giza

To Celebrate 60 Years of Andy Warhol’s Silent Film ‘Empire’, MoMA will Screen it from the Empire State Building

Evoy and Platypu Craft’s Semi-Submersible Boat with Catamaran Hulls Glides Above and Underwater

Frank Lloyd Wright’s 1950’s Winn House Hits The Market For $1.85M in Michigan

Zuckerberg Touts Meta’s Latest Video Vision AI With Nvidia CEO Jensen Huang

GET IN TOUCH

Email me (Riley Rosebee) your feedback; I’d love to hear from you. 📧

Want to sponsor this newsletter and reach thousands of passionate investors and traders? Reach us here. 👍

Disclaimer: Stocktwits, Inc. (“Stocktwits”) operates the stocktwits.com website and Stocktwits mobile device applications (the “Apps”). Stocktwits is not a securities broker-dealer, investment adviser, or any other type of financial professional. No content on the Stocktwits platform should be considered an offer, solicitation of an offer, or advice to buy or sell securities or any other type of investment or financial product. Read the full terms & conditions here. 🔍