$ERIE Etches An All-Time High
Good evening. Welcome to Trends with No Friends.
We have some business before we dive in…
Trends with No Friends is nearly a year old! To celebrate, we’re cooking up a few new features that I cannot wait to share, but as we continue to grow please send ideas you have as to how we can improve and what additional insights you’d like to see.
Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks finished the week strong. Every major index advanced more than +1%. The Dow and Russell 2000 ripped +1.60%.
Every sector closed higher. Communications, industrials, real estate, basic materials and financials flew more than +1.50%.
New 52-Week Highs led New Lows — 265 vs. 12.
THE BEST OF THE BEST
Erie Indemnity ($ERIE) is the Best of the Best. The $20B insurance company carried +8.74% following its Q2 earnings report.
$ERIE etched an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
DexCom ($DXCM) is the Worst of the Worst. The medical device company cratered -40.66% following its disasterous Q2 earnings report.
$DXCM closed at its lowest price since April 2020.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
First Images Revealed of World’s Largest Football Stadium Planned for Morocco
Images Show AI Detecting Breast Cancer 4 Years Before It Developed
Powered Exoskeleton Pants MO/GO by Skip and Arc’teryx Boost Hikers Legs When They Trek
Urban Surf Pool RiF010 Brings Ocean Waves To The Heart Of Rotterdam
Nine Must-See Exhibitions in Tune with the 2024 Olympics in France
Whistling Wind Island by Akb Architects is “Surrounded By Open Waters and Expansive Sky”
GET IN TOUCH
Email me (Riley Rosebee) your feedback; I’d love to hear from you. 📧
Want to sponsor this newsletter and reach thousands of passionate investors and traders? Reach us here. 👍
Disclaimer: Stocktwits, Inc. (“Stocktwits”) operates the stocktwits.com website and Stocktwits mobile device applications (the “Apps”). Stocktwits is not a securities broker-dealer, investment adviser, or any other type of financial professional. No content on the Stocktwits platform should be considered an offer, solicitation of an offer, or advice to buy or sell securities or any other type of investment or financial product. Read the full terms & conditions here. 🔍
