SABESP Sailed +7%
Happy Sunday. Welcome to Trends with No Friends.
We have some 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
Friday’s markets were muted. The S&P 500 and Nasdaq Composite gained approx. +0.50%. The Russell 2000 stumbled -0.17%.
Communications carried +0.85%. Healthcare, real estate, technology and financials advanced approx. +0.50%. Basic materials barely closed negative.
New 52-Week Highs led New Lows — 53 vs. 28.
THE BEST OF THE BEST
Companhia de Saneamento Basico do Estado de Sao Paulo ADR – SABESP ($SBS) is the Best of the Best. The Brazilian water and sewer service provider propelled +6.76% following its Q2 earnings report.
$SBS closed at an all-time high.
Here’s the daily chart.
And monster monthly chart.
THE WORST OF THE WORST
Array Technologies ($ARRY) is the Worst of the Worst. The solar semiconductor company collapsed -21.02% following its Q2 earnings report.
$ARRY closed at its lowest price since May 2022.
Here’s the daily chart.
And weak weekly chart.
RILEY’S RECS
Volovopter’s eVTOL Completes Crewed Test Flight In Paris
Humanoid AI Robot Figure 02 Evolves
Introducing the Light Phone III
From Netflix to Axon… Cameras And The Cloud Offer Endless Opportunities
Abu Dhabi Sovereign Wealth Fund to Acquire Minority Stake in Sotheby’s in $1 Billion Investment Deal
DeepMind Develops Robot That Can Play Amateur Level Ping-Pong
Classical Music Lifts Our Mood By Synchronizing Our “Extended Amygdala”
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