Reynolds Wrap Seals 18-Month High
Good evening. Welcome to Trends with No Friends.
We have business before we dive in…
Trends with No Friends is nearly a year old! To celebrate, we’re cooking up a few new features that I cannot wait to share, but as we continue to grow please send ideas you have as to how we can improve and what additional insights you’d like to see.
Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Stocks faded the morning gap. Every major index finished negative. The Russell 2000 and Nasdaq Composite lost more than -1%.
Consumer discretionary, technology, basic materials and healthcare cratered more than -1%. Utilities, energy, financials and consumer staples settled higher.
New 52-Week Highs led New Lows — 51 vs. 48.
THE BEST OF THE BEST
Reynolds Consumer Products ($REYN) is the Best of the Best. The household products producer gapped +7% following its Q2 earnings report.
$REYN closed at its highest price since December 2022.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Airbnb ($ABNB) is the Worst of the Worst. The short-term rental marketplace fell -13.38% following its Q2 earnings report.
$ABNB secured its second-worst trading day since its IPO and closed at its lowest price since June 2023.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
Banksy Reveals Third New Mural in Three Days: A Work Featuring Three Monkeys in London
A New Start-Up Wants to Make Auction Guarantees Even More Ubiquitous
Teenage Engineering Launches World’s First Electronic Instrument That Plays Medieval Music
Ford Just Unveiled E-Bikes Inspired by the Bronco and the Mustang
Tiffany & Co. and L’Epee Team Up to Create a Whimsical Airplane-Shaped Desk Clock
Twitter’s Community Notes and Linda’s Reply Stream Is The New Comedy Central
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. 🔍
