Despegar.com Travels +16.89%
Happy Sunday. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks struggled Friday. Every major index closed lower. The Nasdaq Composite dropped -2.24%. The Russell 2000 and S&P 500 stumbled approx. -1.35%.
Technology and communications tumbled more than -2.00%. Healthcare lost -1.85%. Utilities advanced +1.50%. Financials gained +0.46%.
New 52-Week Lows led New Highs — 82 vs. 54.
THE WORST OF THE WORST
Moderna ($MRNA) is the Worst of the Worst. The vaccine manufacturer dropped -7.34% and closed at its lowest price since April 2020.
Here’s the disastrous daily chart.
And monthly chart.
THE BEST OF THE BEST
Despegar.com ($DESP) is the Best of the Best. The Lat-Am online travel company flew +16.89% following its Q3 earnings report.
$DESP closed at its highest price since March 2021.
Here’s the daily chart.
And monthly chart.
RILEY’S RECS
This Week on Trends with Friends (November 17, 2024)
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Moxon Architects Revives Residential Ruin Using “Scottish Craftsmanship and Local Tradespeople”
The Exploration Company Raises $160M To Build Europe’s Answer to SpaceX Dragon
Argentina’s Monthly Inflation Drops To Lowest Level In 3 Years
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Author Disclosure: The author of this newsletter holds positions in DESP, AS, FLUT & GEO. 📋
