NRIX

Outperforming without a clear catalyst yet

• NRIX +4.39% on the last session vs SPY +0.12%: +4.3 pts of stock-specific move.
• Reported results Oct 12: EPS −$1.03 vs −$0.56 expected (miss, −$0.47, −83.9%).
• 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.