Regional Banks Rip
Happy Sunday. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Friday’s markets marched lower. Every major index finished negative. The Dow dipped -0.93%. The Russell 2000 stumbled -0.63%.
Healthcare and utilities were the only positive sectors. Technology tumbled -1.56%. Energy and finished fell more than -1%.
New 52-Week Highs led New Lows — 48 vs. 20.
THE BEST OF THE BEST
BancFirst ($BANF) is the Best of the Best. The OKC-based regional bank rallied +5.02% and closed at its highest price since September 2022.
Here’s the daily chart.
And monster monthly chart.
THE WORST OF THE WORST
Bumble ($BMBL) is the Worst of the Worst. The dating app tumbled -2.43% and closed at an all-time low.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
This Week on Trends with Friends (July 21, 2024)
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