Themes / Group
Active · established relationshipLatest completed snapshot · Jul 14 · 18:03 ET

MARKET-DISCOVERED GROUP

Consumer Cyclical & Industrials

THE TRADER READBroad price confirmation, weak flow alignment

16 of 16 measured members are rising. Capital-flow agreement is 11%, so the basket is not yet clean.

Price breadth16 of 16 risingRelative median unavailable
Capital-flow alignment11%Price breadth is not yet confirmed by flow
Activity nowHotActivity score 89/100 · lift 1.3×
Evidence depth5 episodes16 observed active sessions
EVIDENCE CLOCK

What happened, in timestamp order

1 timed event
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.
2 earlier filing context receipts

SUN, MAR 29AEO filing documented shared operating contextcredit / rates affecting interest expense · date precision only

SUN, MAY 10HTLD filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY THIS GROUP EXISTS

Shared filing context

25/26 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AEO, ARCB, BOOT, CAL, CNM, CVLG, DKS, GM, HTLD, JBHT, KNX, M, ODFL, SAIA, XPO.

credit / rates affecting interest expense

Increases in interest rates would currently impact our interest expense given our outstanding borrowings subject to variable interest rates.

HTLD 10-Q · 2026-05-11
credit / rates

Cash Flows (Used For) Financing Activities Cash used for financing activities for the 39 weeks ended November 1, 2025 consisted primarily of $201.8 million, including excise taxes, used to repurchase the Company's common stock under the ASR Agreement (as defined below), $64.0 million for cash dividends paid at a quarterly rate of $0.125 per share, and $31.3 million, including commissions and excise taxes, used for the repurchase of common stock under our publicly announced program, partially offset by net Credit Facility borrowings of $210.0 million.

AEO 10-Q · 2025-12-09
restructuring affecting expense

As set forth below, for Fiscal 2024, we recorded $10.7 million of employee severance related to corporate restructuring, and $6.8 million of impairment and restructuring costs due to the sale of our Hong Kong retail operations.

AEO 10-K · 2026-03-30
CONFIRMATION NETWORK

Outsiders and cross-asset links

1 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

FWRDMoving with group

KNX · text peer

GAPNot confirming

AEO · text peer

RNot confirming

KNX · text peer

CHRWNot confirming

KNX · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
HTLDMRTNHZOBOOTDKSJBHTSNDRGMXPOCVLGKNXDDSTFIIMTUSROSTODFLARCBAINCNMASOSAIACALAEOM

21/26 active16 rising · 0 falling

MemberUnusual activityToday's moveRead now
HTLDHeartland Express, Inc.
Most unusual · 100/100
Active; unclassifiedActive in 25% of observed group sessions
MRTNMarten Transport, Ltd.
Elevated · 32/100
Active; unclassifiedActive in 12.5% of observed group sessions
HZOMarineMax, Inc. (FL)
Elevated · 23/100
Active; unclassifiedActive in 6.2% of observed group sessions
BOOTBoot Barn Holdings, Inc.
Elevated · 23/100
+2.7%
Active; unclassifiedActive in 6.2% of observed group sessions
DKSDICK'S Sporting Goods, Inc.
Elevated · 22/100
+2.1%
Flow divergenceActive in 6.2% of observed group sessions
JBHTJ.B. Hunt Transport Services, Inc.
Elevated · 22/100
+0.3%
Flow confirmerActive in 0% of observed group sessions
SNDRSchneider National, Inc.
Elevated · 22/100
+2.0%
Active; unclassifiedActive in 12.5% of observed group sessions
GMGeneral Motors Company
Elevated · 19/100
+2.1%
Flow divergenceActive in 0% of observed group sessions
XPOXPO, Inc.
Elevated · 18/100
+0.5%
Active; unclassifiedActive in 6.2% of observed group sessions
CVLGCovenant Logistics Group, Inc.
Participating · 17/100
Active; unclassifiedActive in 25% of observed group sessions
KNXKnight-Swift Transportation Holdings Inc.
Participating · 17/100
+3.2%
Active; unclassifiedActive in 0% of observed group sessions
DDSDillard's, Inc.
Participating · 16/100
+4.2%
Active; unclassifiedActive in 0% of observed group sessions
TFIITFI International Inc.
Participating · 15/100
+1.5%
Active; unclassifiedActive in 6.2% of observed group sessions
MTUSMetallus Inc.
Participating · 15/100
Active; unclassifiedActive in 6.2% of observed group sessions
ROSTRoss Stores, Inc.
Participating · 14/100
+4.4%
Active; unclassifiedActive in 0% of observed group sessions
ODFLOld Dominion Freight Line, Inc.
Participating · 12/100
+1.0%
Flow confirmerActive in 0% of observed group sessions
ARCBArcBest Corporation
Participating · 12/100
Flow divergenceActive in 6.2% of observed group sessions
AINAlbany International Corporatio
Participating · 10/100
Active; unclassifiedActive in 6.2% of observed group sessions
CNMCore & Main, Inc.
Participating · 10/100
+0.9%
Active; unclassifiedActive in 0% of observed group sessions
ASOAcademy Sports and Outdoors, Inc.
Quiet · 9/100
+0.5%
Watch / laggardActive in 0% of observed group sessions
SAIASaia, Inc.
Quiet · 9/100
+0.7%
Watch / laggardActive in 6.2% of observed group sessions
CALCaleres, Inc.
Quiet · 8/100
Watch / laggardActive in 0% of observed group sessions
AEOAmerican Eagle Outfitters, Inc.
Quiet · 6/100
+1.0%
Watch / laggardActive in 0% of observed group sessions
MMacy's, Inc.
Quiet · 6/100
+1.1%
Watch / laggardActive in 6.2% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
HTLDHeartland Express, Inc.Most unusual25% of 16 sessionsMost unusual activity in this snapshot; performance direction may differ.
MRTNMarten Transport, Ltd.Participating12.5% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
HZOMarineMax, Inc. (FL)Participating6.2% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
BOOTBoot Barn Holdings, Inc.Participating+2.7%6.2% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
DKSDICK'S Sporting Goods, Inc.Participating+2.1%6.2% of 16 sessionsPrice participation with distributing signed flow.
JBHTJ.B. Hunt Transport Services, Inc.Participating+0.3%0% of 16 sessionsPrice participation with accumulating signed flow.
SNDRSchneider National, Inc.Participating+2.0%12.5% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
GMGeneral Motors CompanyParticipating+2.1%0% of 16 sessionsPrice participation with distributing signed flow.
XPOXPO, Inc.Participating+0.5%6.2% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
CVLGCovenant Logistics Group, Inc.Participating25% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
KNXKnight-Swift Transportation Holdings Inc.Participating+3.2%0% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
DDSDillard's, Inc.Participating+4.2%0% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
TFIITFI International Inc.Participating+1.5%6.2% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
MTUSMetallus Inc.Participating6.2% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
ROSTRoss Stores, Inc.Participating+4.4%0% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
ODFLOld Dominion Freight Line, Inc.Participating+1.0%0% of 16 sessionsPrice participation with accumulating signed flow.
ARCBArcBest CorporationParticipating6.2% of 16 sessionsPrice participation with distributing signed flow.
AINAlbany International CorporatioParticipating6.2% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
CNMCore & Main, Inc.Participating+0.9%0% of 16 sessionsPrice participation is not yet confirmed by per-name flow.
ASOAcademy Sports and Outdoors, Inc.Quiet / lagging+0.5%0% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
SAIASaia, Inc.Quiet / lagging+0.7%6.2% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
CALCaleres, Inc.Quiet / lagging0% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
AEOAmerican Eagle Outfitters, Inc.Quiet / lagging+1.0%0% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.
MMacy's, Inc.Quiet / lagging+1.1%6.2% of 16 sessionsNot participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Only point-in-time live watcher observations and conservative same-day EOD observations are included. Later backfills and replay runs are excluded.
moderate structural support

5 completed episodes across 16 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support35 daysHow often the cohort identity was observed
Completed episodes5Separate periods of broad group activity
Active sessions16Completed session observations, not trades
2026-07-07 → 2026-07-104 active sessionsNo name was active through every recorded session
2026-06-24 → 2026-07-015 active sessionsNo name was active through every recorded session
2026-06-16 → 2026-06-183 active sessionsNo name was active through every recorded session
2026-06-051 active session100% composition consistency through the episode
2026-05-18 → 2026-05-203 active sessionsNo name was active through every recorded session
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
CVLG25% · 3 episodes
HTLD25% · 2 episodes
MRTN12.5% · 1 episode
SNDR12.5% · 1 episode
TNC12.5% · 1 episode
WERN12.5% · 2 episodes
AIN6.2% · 1 episode
ARCB6.2% · 1 episode
BOOT6.2% · 1 episode
DKS6.2% · 1 episode
HZO6.2% · 1 episode
M6.2% · 1 episode
MTUS6.2% · 1 episode
SAIA6.2% · 1 episode
TFII6.2% · 1 episode
XPO6.2% · 1 episode
AEO0% · 0 episodes
ASO0% · 0 episodes
CAL0% · 0 episodes
CNM0% · 0 episodes
DDS0% · 0 episodes
GM0% · 0 episodes
JBHT0% · 0 episodes
KNX0% · 0 episodes
ODFL0% · 0 episodes
ROST0% · 0 episodes