LTM
Outperforming without a clear catalyst yet
- LTM +1.01% on the last session vs SPY +0.10%: +0.9 pts of stock-specific move.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
Bargain & stretch prices
Prices LTM only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
48.43 +2.4% ↑ more often after a big drop
reached 3 in 10 days · 31% vs usual 28% |
49.85 +5.3% ↑ more often after a big drop
reached 3 in 10 weeks · 31% vs usual 30% |
| Now | 47.80 · prior close 47.32 | |
| Bargain buy side |
46.23 -2.3% reached 3 in 10 days |
44.92 -5.1% reached 3 in 10 weeks |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 45.88 | 2 in 10 days | 48.80 | 2 in 10 days↑ 20% vs 17% |
| Balanced | 46.23 | 3 in 10 days | 48.43 | 3 in 10 days↑ 31% vs 28% |
| Eager | 46.56 | 4 in 10 days | 48.09 | 5 in 10 days↑ 49% vs 45% |
| Next 5 sessions | ||||
| Patient | 44.17 | 2 in 10 weeks | 50.70 | 2 in 10 weeks |
| Balanced | 44.92 | 3 in 10 weeks | 49.85 | 3 in 10 weeks↑ 31% vs 30% |
| Eager | 45.63 | 4 in 10 weeks | 49.07 | 5 in 10 weeks↑ 49% vs 48% |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From LTM's daily swings (about 2.4% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Stretch price, next session: reached 31% of days instead of the usual 28% (held in 9 of 10 years)
- Stretch price, next 5 sessions: reached 31% of weeks instead of the usual 30% (held in 8 of 10 years)
| Date | That day | 1 week on | 1 month on | 3 months on |
|---|---|---|---|---|
| Oct 13, 2026 | -2.8% | — | — | — |
| Oct 1, 2026 | -4.3% | +5.7% | — | — |
| Sep 10, 2026 | -2.6% | +1.3% | -0.8% | — |
| Aug 26, 2026 | -4.0% | -2.4% | -0.1% | — |
| Aug 18, 2026 | -3.3% | +8.2% | +1.6% | — |
| Aug 10, 2026 | -5.3% | -2.7% | -3.2% | — |
| Jul 29, 2026 | -2.8% | +10.9% | -1.6% | — |
| Jul 16, 2026 | -3.1% | -6.3% | -1.7% | -11.0% |
Big drop and big gain: among LTM's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time and 52-week closing high Feb 2, 2026 |
68.29 +42.9% |
| 200-day average | 53.27 +11.4% |
| 50-day average | 51.42 +7.6% |
| Stretch, next 5 sessions | 49.85 +4.3% |
| Now | 47.80 |
| Previous close Oct 14, 2026 |
47.32 -1.0% |
| Bargain, next 5 sessions | 44.92 -6.0% |
| 52-week closing low Nov 4, 2025 |
43.33 -9.4% |
Closing prices (all-time = the 2 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.