Elbit Systems Secures 2-Year High
Good evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks stalled. Every major index closed lower. The Russell 2000 tumbled -1.77%.
Communications carried +0.45%. Basic materials broke down -1.70%. Healthcare, consumer discretionary, real estate and utilities fell more than -1.00%.
New 52-Week Highs led New Lows — 245 vs. 61.
THE BEST OF THE BEST
Elbit Systems ($ESLT) is the Best of the Best. The $25B Israeli defense company advanced +2.56% and closed at its highest price since August 2022.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Enphase Energy ($ENPH) is the Worst of the Worst. The solar stock dropped -5.61% and closed at its lowest price since July 2020.
$ENPH is down -33% since the presidential election.
Here’s the disastrous daily chart.
And weak weekly chart.
RILEY’S RECS
Sotheby’s Modern and Contemporary Evening Sale in Hong Kong Yields $52.6M Led by Rothko at $32.5M
Momentum Monday – Enjoy The Melt-Up
Student Debut Electric Concept Car at United States Grand Prix
CityAirbus NextGen eVTOL Takes Flight For The First Time In Germany
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