Cadeler Powers To An All-Time High
Good evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets marched higher. Every major index closed positive. The Russell 2000 and Nasdaq Composite carried more than +1%.
Every sector finished higher. Technology, consumer discretionary and communications gained more than +1%.
New 52-Week Highs led New Lows — 143 vs. 2.
THE BEST OF THE BEST
Cadeler ($CDLR) is the Best of the Best. The new issue offshore wind power supplier surged +3.44% and closed at an all-time high.
$CDLR is scheduled to report earnings 8-24-2024.
Here’s the daily chart.
THE WORST OF THE WORST
Vital Energy ($VTLE) is the Worst of the Worst. The oil & natural gas company dipped -0.22% and closed at its lowest price since May 2021.
Here’s the daily chart.
And weak weekly chart.
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Author Disclosure: The author of this newsletter holds positions in ALC and CWAN. 📋
