Matson Sails To An All-Time High
Good evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks got spooked. Every major index closed negative. The Nasdaq Composite cratered -2.76%. The S&P 500 fell -1.86%.
Technology tumbled -3.21%. Real estate and consumer discretionary dropped more than -1.5%. Utilities advanced +1.04%. Energy gained +0.62%.
New 52-Week Highs led New Lows — 93 vs. 59.
THE BEST OF THE BEST
Matson ($MATX) is the Best of the Best. The marine shipper surged +15.94% following its Q3 earnings report.
$MATX closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Lucid Group ($LCID) is the Worst of the Worst. The EV manufacturer unplugged -5.96% and closed at an all-time low.
Lucid is scheduled to report Q3 earnings Thursday, November 7th.
Here’s the daily chart.
And weak weekly chart.
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