BBB Foods Breaks Out
Good evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks stalled. Every major index finished lower. The Nasdaq Composite fell -1.67%.
Real estate and financials flew more than +0.50%. Technology tumbled -2.30%. Consumer discretionary dipped -1.73%.
New 52-Week Highs led New Lows — 151 vs. 12.
THE BEST OF THE BEST
BBB Foods ($TBBB) is the Best of the Best. The Mexican grocer gained +4.45% following its Q2 earnings report.
$TBBB closed at an all-time high.
Here’s the daily chart.
THE WORST OF THE WORST
iQIYI Inc ($IQ) is the Worst of the Worst. The Chinese streaming company cratered -15.58% following its Q2 earnings report.
$IQ closed at its lowest price since November 2022.
Here’s the daily chart.
And weak weekly chart.
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