$SPXC Climbs +4.04%
Good afternoon. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets were mixed as buyers rotated into small-caps. The Russell 2000 rallied +3.57%. The Nasdaq Composite cratered -1.95%.
Real estate ripped +2.66%. Utilities, basic materials, industrials and energy surged more than +1%. Tech tumbled -2.5%.
New 52-Week Highs led New Lows — 226 vs. 5.
THE BEST OF THE BEST
SPX Corporation ($SPXC) is the Best of the Best. The $7B infrastructure supplier flew +4.04% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
American Airlines ($AAL) is the Worst of the Worst. The airline operator declined -3.77% as its industry peer, Delta Air Lines reported disappointing Q2 earnings.
$AAL is scheduled to report its Q2 earnings on July 15th.
Here’s the daily chart.
And monthly chart.
RILEY’S RECS
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