$MTSI Marches On
Happy Monday! Welcome to Trends with No Friends.
Before we dive in — I will be in Chicago on July 15th and 16th. If you’re in the area and would like to connect and discuss Trends with No Friends, send me an email!
Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets were muted. The Russell 2000 rallied +0.59%. The Dow dipped -0.08%.
Technology was the strongest sector — $XLK advanced +0.68%. Communications stumbled -0.90%.
New 52-Week Highs led New Lows — 101 vs. 25.
THE BEST OF THE BEST
MACOM Technology Solutions ($MSTI) is the Best of the Best. The semiconductor products supplier surged +3.50% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Etsy ($ETSY) is the Worst of the Worst. The online artisan marketplace fell -5.27% and closed at its lowest price since April 2020.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
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Lenticular Artworks Explore Color of Light in BMW’s Green Ray Exhibition at Rencontres d’Arles
Lucid Motors Sets New Record for EV Deliveries
Neuroscience and Architecture: Designing for the Human Experience
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