RBC Bearings Breaks Out
Good afternoon. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Friday’s markets ripped then dipped. Every major index closed negative. The Russell 2000 and Dow dropped more than -0.75%.
Communications was the only positive sector. $XLC advanced +0.40%. Energy fell -2.80%.
New 52-Week Highs led New Lows — 109 vs. 19.
THE BEST OF THE BEST
RBC Bearings ($RBC) is the Best of the Best. The mechanical bearings manufacturer marched +8.30% following its Q3 earnings report.
$RBC closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Harley-Davidson ($HOG) is the Worst of the Worst. The motorcycle manufacturer lost -1.99% and closed at its lowest price since November 2023.
$HOG is expected to report Q4 earnings Wednesday, February 5th BMO.
Here’s the daily chart.
And monthly chart.
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