PowerFleet Powers Higher
drGood evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets were mixed. The S&P 500 and Dow inched higher. The Nasdaq Composite and Russell 2000 stumbled approx. -0.40%.
Consumer staples surged +0.96%. Energy, basic materials, real estate and utilities gained more than +0.50%. Consumer discretionary dipped -1.14%.
New 52-Week Highs led New Lows — 76 vs. 72.
THE BEST OF THE BEST
PowerFleet ($AIOT) is the Best of the Best. The logistics software provider surged +9.15% and closed at its highest price since April 2021.
The stock is up 43% since it reported Q3 earnings Monday BMO.
Here’s the daily chart.
And monthly chart.
THE WORST OF THE WORST
Coty Inc. ($COTY) is the Worst of the Worst. The beauty conglomerate cratered -9.31% following its Q4 earnings report.
$COTY closed at its lowest price since May 2022.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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