GEN

Underperforming without a clear catalyst yet

• GEN −1.17% on the last session vs SPY +0.74%: −1.9 pts of stock-specific move.
• Aftermath, big gain (Sep 30): After its 69 big gains in the past 5 years, GEN typically lost 0.1% over the next day (median) and was higher only 43% of the time; half the outcomes fell between -0.8% and +1.1%. An ordinary day: +0.0%. Among S&P 500 stocks after big gains, that ranks #453 of 500.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.