$NIC Nicks An All-Time High
Good afternoon. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks stalled on. The Nasdaq Composite cratered -2.77%. The Russell 2000 and S&P 500 stumbled more than -1%. The Dow was the only major index to finish higher.
Consumer staples and energy advanced more than +1%. Technology tumbled -3.89%. Consumer discretionary, communications and industrials dipped more than -1.25%.
New 52-Week Highs led New Lows — 396 vs. 2.
THE BEST OF THE BEST
Nicolet Bankshares ($NIC) is the Best of the Best. The $1.5B Wisconsin-based bank surged +8.14% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Five Below ($FIVE) is the Worst of the Worst. The discount retailer flopped -25.05% after it announced its CEO transition plan.
$FIVE is down -63% YTD and closed at its lowest price since April 2020.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
Christie’s Auction Sales Down 22% In First Half of 2024
Flynow Aviation’s Automatic Electric Helicopters to Transport Visitors at Expo 2030 in Riyadh
Commodore Supertall at 175 Park Avenue
EssilorLuxottica to Buy VF’s Supreme Brand for $1.5 Billion
Transparent Turntable and Cantilevered Holiday Home Among DesignEuropa Awards 2024 Finalists
NYC to Boston in 100 Minutes: A High-Speed Train Proposal Picks Up Steam
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. 🔍
