During trading Thursday, 113 stocks traded to a 52-week high, while 3 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.96% on the day so far. Thursday is continuing Wednesday's rally with a strong performance from almost all sectors. Investors are reacting to the Unemployment rate dropping to 11.1% and initial claims coming down to 1.43 million last week. Continuing claims slightly increased over the previous week but that has not stopped a strong trading day before the long weekend.
The following stocks traded to 52-week highs:
ABBV, ACN, ADBE, AGIO, AKAM, ALRM, AMGN, AMZN, ANSS, APPS, ATVI, AYX, BAND, BJ, BL, BSIG, CAG, CALX, CDAY, CDNS, CLX, COUP, CVNA, CWH, CYRX, DHR, DOCU, DOMO, EA, EBAY, ECOM, EGAN, EQIX, ETSY, EXPO, FAST, FIVN, FIZZ, FORM, GLOB, GRAF, GSHD, HALO, HOLX, HUBS, HZO, IDXX, IMMU, KNSL, LAND, LHCG, LL, LLNW, LOW, LSCC, MAS, MED, MGNX, MKC, MODN, MSFT, MTCH, MTSI, NDAQ, NFLX, NOW, NUAN, NVDA, NVTA, OOMA, OSPN, OSTK, PCRX, PCTY, PEGA, PLMR, PLUG, POOL, PYPL, RDFN, RGR, RH, RMD, SHOP, SLP, SNPS, SPGI, SPSC, SQ, SVMK, SWBI, SYRS, TDOC, TER, TMO, TNDM, TSCO, TSLA, TTD, TWLO, TWST, VEEV, VICR, VIVO, VRNS, VRSK, VSTO, WING, WIX, WKHS, WST, YETI, ZM
The following Stocks traded to 52-week lows:
CORR, SENS, TLRD
Technology: ACN, ADBE, AKAM, ALRM, ANSS, APPS, AYX, BAND, BL, CALX, CDAY, CDNS, COUP, DOCU, DOMO, ECOM, EGAN, FIVN, FORM, GLOB, HUBS, LLNW, LSCC, MODN, MSFT, MTSI, NOW, NUAN, NVDA, OSPN, PCTY, PEGA, SHOP, SNPS, SPSC, SQ, SVMK, TER, TTD, ZM
Technology stocks dominated our list of highs today with 41 out of the 113 total stocks that reached their high coming from the Technology sector. The Technology industry is up 1.2% so far Thursday while the S&P 500 is up 0.96%. Even during a strong trading day, technology continues to outpace the market as investors reallocate their funds to "safer" investments during the pandemic as speculation grows of a longer quarantine due to a recent spike of COVID-19 cases in many regions across the country. Additionally, the energy sector does not have as many stocks hitting their highs today but it should be noted that the sector is up 1.81% today.
Real Estate: EQIX, LAND, RDFN,
The Real Estate industry makes up the minority of our 52-week highs, as 3 out of our 113 52-week highs comes to us from the Real Estate industry. The Real Estate industry is up 0.16% so far Thursday while the S&P 500 is up 0.96% EQIX hit their 52-week high for the second day in a row as the stock continues to perform well in a struggling sector of the economy. Real Estate has consistently been underperforming the market recently as business analyze whether physical locations are necessary in this new look economy that coronavirus has brought.
