Themes / Group
Active · established relationshipLatest completed snapshot · Aug 6 · 18:04 ET

MARKET-DISCOVERED GROUP

Rental & Building Services

THE TRADER READShared activity without a clean directional read

0 of 12 measured SPY-adjusted paths align to the mixed across 8.7 effective names. Common-bar coverage spans 12 of 17 cohort members. Capital-flow agreement is 15%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth14 up · 3 down+0.1% median path versus SPY
Capital-flow alignment15%Price breadth is not yet confirmed by flow
Activity nowHotActivity score 78/100 · lift 1.3×
Evidence depth8 episodes23 observed active sessions
EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 15:35–15:55 ET
TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.
  1. 5-minute inferenceKNF registered the first material upside path

    +0.86% session path at the threshold · KNF

  2. 5-minute inferenceASO registered a material upside path

    +0.70% session path at the threshold · ASO

  3. 5-minute inferenceF registered a material downside path

    -0.43% session path at the threshold · F

  4. 5-minute inferenceOSW registered a material upside path

    +0.43% session path at the threshold · OSW

2 earlier filing context receipts

MON, MAR 16ASO filing documented shared operating contextrestructuring · date precision only

WED, APR 29F filing documented shared operating contextrestructuring · 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.
THEME CONSTRUCTION

Broad move or one-stock disguise?

SPY-adjusted 5m paths

Observed movement is broad across 8.7 effective names. KNF represents 15.6% of absolute path energy; 0 of 12 members align without a clean common direction.

ConstructionBroad15.6% from the largest path
Effective names8.7 / 1212 of 17 cohort members had common bars
Direction breadthMixedmixed relative path · 0 counter-moving
Largest moverKNF 15.6%30.7% from the top two paths
KNF15.6%Independent direction · path +0.65% · basket +0.05pp
GIL15.1%Independent direction · path -0.62% · basket -0.05pp
ASO13.9%Independent direction · path +0.58% · basket +0.05pp
F13.0%Independent direction · path -0.54% · basket -0.04pp
OSW11.5%Independent direction · path +0.48% · basket +0.04pp
LEVI9.2%Independent direction · path -0.38% · basket -0.03pp
MIDD6.0%Independent direction · path +0.25% · basket +0.02pp
ESAB5.6%Independent direction · path +0.23% · basket +0.02pp
RL3.7%Independent direction · path -0.15% · basket -0.01pp
KAI3.5%Independent direction · path +0.15% · basket +0.01pp
CVCO2.2%Flat / inactive path · path +0.09% · basket +0.01pp
GM0.8%Flat / inactive path · path +0.03% · basket +0.00pp
Top six names by movement share are shown. Movement share measures absolute 5-minute path energy; signed basket contribution is equal-weight. Neither is a portfolio weight or causal attribution.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred
  1. KNF moved higher firstFirst member to clear the material path threshold · path +0.86%
  2. ASO registered a material higher path0m after the first price move · path +0.70%
  3. F registered a material lower path0m after the first price move · path -0.43%
  4. OSW registered a material higher path0m after the first price move · path +0.43%
  5. GIL registered a material lower path5m after the first price move · path -0.62%
  6. LEVI registered a material lower path5m after the first price move · path -0.38%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

SPY-adjusted
Aug 21 · 15:35 ET15:50 ETAug 21 · 15:55 ET
Group median +0.12%Strongest relative path KNFWeakest relative path GIL

Observed member paths adjusted against SPY. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

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 NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

16/17 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across CVCO, ESAB, GM, KAI, KNF, LEVI, MIDD, OSW, RL, SGI, SN, VFC.

restructuring

“We recorded $226 million of pre-tax special item charges in the first quarter of 2026, primarily reflecting ongoing restructuring actions in Europe and continued charges related to the EV program cancellations previously announced in December 2025, offset partially by the impact of pension and OPEB remeasurement.”

F 10-Q · 2026-04-30
credit / rates affecting interest expense

“Changes in interest expense are primarily driven by the level of market interest rates, borrowing spreads, and asset-liability management • Credit Loss: ◦ Credit loss is the change in the provision for credit losses at prior period exchange rates.”

F 10-Q · 2026-07-29
demand / volume affecting revenue

“Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued) Ford Model e Segment Second Quarter First Half Key Metrics 2025 2026 H / (L) 2025 2026 H / (L) Wholesale Units (000) 60 28 (32) 91 62 (29) Revenue ($M) $ 2,357 $ 1,026 $ (1,331) $ 3,599 $ 2,258 $ (1,341) EBIT ($M) (1,329) (919) 410 (2,178) (1,696) 482 EBIT Margin (%) (56.4) % (89.6) % (33.2) ppts (60.5) % (75.1) % (14.6) ppts Change in EBIT by Causal Factor (in millions) Second Quarter 2025 EBIT $ (1,329) Volume / Mix 263 Net Pricing (13) Cost 184 Exchange (12) Other (12) Second Quarter 2026 EBIT $ (919) In the second quarter of 2026, Ford Model e’s wholesales decreased 53% from a year ago, primarily reflecting the right-sizing of Mustang Mach-E production to market demand and discontinuation of the F-150 Lightning.”

F 10-Q · 2026-07-29
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 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.

LULUNot confirming

LEVI · text peer

PVHNot confirming

RL · text peer

GIIINot confirming

VFC · text peer

VSXYNot confirming

LEVI · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
FTREXCVCOOSWKNFRLSNASOSGILEVIGMMIDDGILKAISKYWVFCESAB

12/17 active14 rising · 3 falling

MemberUnusual activityToday's moveRead now
FFord Motor Company
Most unusual · 100/100
+2.9%
Flow confirmerActive in 17.4% of observed group sessions
TREXTrex Company, Inc.
Elevated · 98/100
-1.0%
Active; unclassifiedActive in 4.3% of observed group sessions
CVCOCavco Industries, Inc.
Elevated · 55/100
+0.6%
Active; unclassifiedActive in 13% of observed group sessions
OSWOneSpaWorld Holdings Limited
Elevated · 42/100
+2.2%
Active; unclassifiedActive in 4.3% of observed group sessions
KNFKnife River Corporation
Elevated · 36/100
+0.2%
First material pathActive in 13% of observed group sessions
RLRalph Lauren Corporation
Elevated · 30/100
-0.3%
Active; unclassifiedActive in 0% of observed group sessions
SNSharkNinja, Inc.
Elevated · 26/100
+0.5%
Flow confirmerActive in 13% of observed group sessions
ASOAcademy Sports and Outdoors, Inc.
Elevated · 25/100
+0.5%
Active; unclassifiedActive in 0% of observed group sessions
SGISomnigroup International Inc.
Elevated · 24/100
+0.8%
Active; unclassifiedActive in 4.3% of observed group sessions
LEVILevi Strauss & Co.
Elevated · 23/100
+1.2%
Active; unclassifiedActive in 8.7% of observed group sessions
GMGeneral Motors Company
Elevated · 23/100
+2.1%
Flow confirmerActive in 0% of observed group sessions
MIDDThe Middleby Corporation
Elevated · 21/100
+2.6%
Active; unclassifiedActive in 4.3% of observed group sessions
GILGildan Activewear Inc.
Quiet · 20/100
+1.3%
Watch / laggardActive in 26.1% of observed group sessions
KAIKadant Inc
Quiet · 18/100
-0.5%
Watch / laggardActive in 4.3% of observed group sessions
SKYWSkyWest, Inc.
Quiet · 17/100
+0.3%
Watch / laggardActive in 0% of observed group sessions
VFCV.F. Corporation
Quiet · 16/100
+3.1%
Watch / laggardActive in 0% of observed group sessions
ESABESAB Corporation
Quiet · 13/100
+3.8%
Watch / laggardActive in 21.7% of observed group sessions
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
FFord Motor CompanyMost unusual+2.9%17.4% of 23 sessionsMost unusual activity in this snapshot; performance direction may differ.
TREXTrex Company, Inc.Participating-1.0%4.3% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
CVCOCavco Industries, Inc.Participating+0.6%13% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
OSWOneSpaWorld Holdings LimitedParticipating+2.2%4.3% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
KNFKnife River CorporationParticipating+0.2%13% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
RLRalph Lauren CorporationParticipating-0.3%0% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
SNSharkNinja, Inc.Participating+0.5%13% of 23 sessionsPrice participation with accumulating signed flow.
ASOAcademy Sports and Outdoors, Inc.Participating+0.5%0% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
SGISomnigroup International Inc.Participating+0.8%4.3% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
LEVILevi Strauss & Co.Participating+1.2%8.7% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
GMGeneral Motors CompanyParticipating+2.1%0% of 23 sessionsPrice participation with accumulating signed flow.
MIDDThe Middleby CorporationParticipating+2.6%4.3% of 23 sessionsPrice participation is not yet confirmed by per-name flow.
GILGildan Activewear Inc.Quiet / lagging+1.3%26.1% of 23 sessionsNot participating yet; a breadth test or a genuine divergence.
KAIKadant IncQuiet / lagging-0.5%4.3% of 23 sessionsNot participating yet; a breadth test or a genuine divergence.
SKYWSkyWest, Inc.Quiet / lagging+0.3%0% of 23 sessionsNot participating yet; a breadth test or a genuine divergence.
VFCV.F. CorporationQuiet / lagging+3.1%0% of 23 sessionsNot participating yet; a breadth test or a genuine divergence.
ESABESAB CorporationQuiet / lagging+3.8%21.7% of 23 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

8 completed episodes across 23 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support53 daysHow often the cohort identity was observed
Completed episodes8Separate periods of broad group activity
Active sessions23Completed session observations, not trades
2026-07-16 → 2026-08-0410 active sessionsNo name was active through every recorded session
2026-07-07 → 2026-07-104 active sessionsNo name was active through every recorded session
2026-07-011 active session100% composition consistency through the episode
2026-06-181 active session100% composition consistency through the episode
2026-06-051 active session100% composition consistency through the episode
2026-05-14 → 2026-05-204 active sessionsNo name was active through every recorded session
MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS
GIL26.1% · 4 episodes
ESAB21.7% · 3 episodes
F17.4% · 1 episode
CVCO13% · 1 episode
KNF13% · 2 episodes
SN13% · 2 episodes
LEVI8.7% · 1 episode
KAI4.3% · 1 episode
MIDD4.3% · 1 episode
OSW4.3% · 1 episode
SGI4.3% · 1 episode
TREX4.3% · 1 episode
ASO0% · 0 episodes
GM0% · 0 episodes
RL0% · 0 episodes
SKYW0% · 0 episodes
VFC0% · 0 episodes