Regional Banks Shine Bright
Happy Monday! Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Every major index inched higher. The Russell 2000 and Nasdaq Composite carried more than +1.5%. The Dow dashed +0.32%.
Technology advanced +2.37%. Consumer discretionary, industrials and real estate rallied approx. +1%.
New 52-Week Highs led New Lows — 109 vs. 10.
THE BEST OF THE BEST
Shinhan Financial Group ($SHG) is the Best of the Best. The $20B South Korean bank bounced +4.33% and closed at its highest price since December 2019.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
PBF Energy ($PBF) is the Worst of the Worst. The petroleum refinery fell -1.11% and closed at its lowest price since June 2023.
Here’s the daily chart.
And monthly chart.
RILEY’S RECS
Market Wizards: How to Become a Successful Trader with Jack Schwager
At Christie’s Art + Tech Summit, A.I. Dominated But There Were Few Answers About its Utility
Missing the iPod Click and Scroll Wheel? tinyPod Brings it Back as Apple Watch Case
Meet the Italian Bubbly That’s Taken Over F1 Podiums
Scientists Use AI to Predict a Wildfire’s Next Move
Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
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. 🔍
