During trading Thursday, 111 stocks traded to a 52-week high, while 15 stocks bottomed out at new 52-week lows. The S&P 500 is down -0.72% on the day so far. The market has been falling since mid morning after originally opening mixed with the NASDAQ up due to strong performances by big technology stocks. Unemployment claims were slightly better than expected with 1.31 million more people filing for unemployment last week.
The following stocks traded to 52-week highs: AAPL, ACMR, ACN, ADBE, ADSK, ALRM, AMZN, ANGI, ANSS, ATVI, AVLR, AYX, BAND, BJ, CDNS, CHD, CHGG, CLX, COST, COUP, CRM, CRWD, CVNA, CYTK, DHR, DOCU, DOMO, DVAX, EA, EBAY, EBS, ECOM, ELF, EPAM, EVER, FIVN, FSLY, FTNT, FVRR, GLOB, GLUU, HELE, HL, HUBS, HZNP, IAC.XX10, IMMU, IPHI, KKR, LGIH, LLY, LPSN, LRN, LSCC, LVGO, MCO, MKTX, MODN, MPWR, MRVL, MSCI, MSFT, MTCH.XX10, MTH, NBIX, NEO, NFLX, NGHC, NOW, NTLA, NVDA, OKTA, OPK, OSPN, PCRX, PEN, POWI, PYPL, PZZA, REGN, SAIA, SAIL, SAM, SCPL, SEDG, SGEN, SNAP, SNPS, SPAQ, SPGI, SPLK, SPOT, SQ, TDOC, TEAM, TRUP, TSCO, TTD, TTWO, TWLO, TWOU, TWST, VAPO, VEEV, VICR, VIVO, VRNS, WIX, YNDX, ZNGA, ZS
The following Stocks traded to 52-week lows: ANIP, ATAX, CATO, CFFN, CORR, DCOM, EOLS, FARM, ICPT, JCOM, NWN, PPC, PRK, SATS, TAP, CTO, RGCO
Technology: AAPL, ACMR, ACN, ADBE, ADSK, ALRM, ANSS, AVLR, AYX, BAND, CDNS, COUP, CRM, CRWD, DOCU, DOMO, ECOM, EPAM, FIVN, FSLY, FTNT, GLOB, HUBS, IPHI, LPSN, LSCC, MODN, MPWR, MRVL, MSFT, NOW, NVDA, OKTA, OSPN, POWI, SAIL, SEDG, SNPS, SPLK, SQ, TEAM, TTD,
Technology stocks dominated our list of highs today with 42 out of the 111 total stocks that reached their high coming from the Technology sector. The Technology industry is up -0.26% so far Thursday while the S&P 500 is down -0.72%. Technology is vastly outperforming other sectors today as the NASDAQ is still up over 0.2% while all the other major indices are down. Technology has consistently been outperforming as is evident by the NASDAQ briefly hitting its all time high earlier today during trading. Some of the biggest tech stocks such as Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT) hit their 52-week highs today.
Real Estate:
The Real Estate industry makes up the minority of our 52-week highs, as 20 out of our 111 52-week highs comes to us from the Real Estate industry. The Real Estate industry is up 1.11% so far Thursday while the S&P 500 is down -0.72% Real Estate continues to under-perform the rest of the market as COVID-19 shifts the economy towards an even more tech and non retail based economy. Investors could have the opportunity to buy undervalued stocks in this sector but they face an extremely tough challenge ahead as the world tries to come out of the initial effects of coronavirus.
