WEC

Underperforming without a clear catalyst yet

• WEC −0.14% on the last session vs SPY +0.74%: −0.9 pts of stock-specific move.
• Aftermath, 52-week low (Sep 30): After its 3 new 52-week lows in the past 5 years, WEC typically gained 1.6% over the next day (median) and was higher 100% of the time. An ordinary day: +0.0%. Among S&P 500 stocks after new 52-week lows, that ranks #8 of 272. (Low confidence: few independent periods.)
• 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.