168 Stocks Hit Their Highs on Thursday; Technology & Healthcare Lead the Way

Thursday, October 8, 2020 3:00 PM | Neal Farmer

During trading Thursday, 168 stocks traded to a 52-week high, while 7 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.75% on the day so far. Stocks are rising during Thursday's trading as stimulus discussions continue despite recent tweets by the President. 840,000 more Americans filed for unemployment last week, down from the 849,000 last week. 10,976,000 people remains on unemployment claims which is down 1 million from the previous week.

The following stocks traded to 52-week highs: AAWW, ADM, ADPT, ALTR, ALXN, AOSL, APAM, APH, APPN, APPS, APTV, ARCB, ARES, ARNA, ATEC, AVLR, AVYA, BE, BIO, BL, BLD, BLL, BSIG, BYND, CAT, CC, CCK, CCS, CDAY, CDNA, CHRW, CLAR, CNR, COST, CPRT, CRL, CSTL, CTSH, CTVA, CWST, DAR, DE, DECK, DELL, DG, DIOD, DNLI, ECHO, EGAN, EGP, EL, ENPH, ENTG, EPAM, EQIX, ESTC, ETN, ETSY, EV, EXAS, FATE, FBHS, FIVN, FIX, FND, FSLY, FTV, GDOT, GGG, GLOB, GLW, GPRO, GPS, GRBK, GWW, HASI, HUM, HVT, IAA, IBP, ICLR, IEX, IIPR, INSM, INSP, IRTC, JOE, KRNT, KURA, LB, LHCG, LQDT, LTHM, MATX, MDC, MDGL, MOH, MPWR, MRTX, MRVL, NEE, NEP, NKE, NOW, NVCR, NVTA, OC, OCUL, OMI, ON, PACB, PAYC, PCTY, PG, PGR, PH, PHM, PJT, PLD, PLUG, PNR, PODD, PPG, PSNL, PWR, QCOM, QRVO, QTRX, RARE, REGI, ROK, ROKU, RPM, RUSHA, SCPL, SEDG, SIBN, SIVB, SNX, SPSC, SPWR, SQ, STE, STNE, SWK, TEL, TENB, TGT, TGTX, TKR, TNDM, TPIC, TPTX, TTC, TTGT, UNH, UPS, UPWK, URI, VCEL, VCYT, VMC, VSTO, WHR, WMS, WOR, XYL, ZEN

The following Stocks traded to 52-week lows: BTU, CVIAQ, CXW, NEBLQ, OAS, TLRDQ, XOGAQ

Technology: ALTR, AOSL, APH, APPN, APPS, AVLR, AVYA, BL, CDAY, CTSH, DELL, DIOD, EGAN, ENPH, ENTG, EPAM, ESTC, FIVN, FSLY, FTV, GLOB, GLW, GPRO, MPWR, MRVL

Technology stocks dominated our list of highs today with 25 out of the 168 total stocks that reached their high coming from the Technology sector. The Technology sector is up 0.37% so far Thursday while the S&P 500 is up 0.75%. Tech stocks continue to rise as rising COVID-19 cases have investors speculating on longer term remote work. With no major updates on vaccines, tech stocks contain some stability should delays continue with attempting to reopen the economy.

Healthcare: ADPT, ALXN, ARNA, ATEC, BIO, CDNA, CRL, CSTL, DNLI, EXAS, FATE, HUM, ICLR, INSM, INSP, IRTC, KURA, LHCG, MDGL, MOH, MRTX

The Healthcare sector had the second largest presence on our 52-week highs, with 21 out of 168 highs coming from the Healthcare sector. The Healthcare sector is up 0.38% so far Thursday while the S&P 500 0.75% Health stocks have been trading extremely well over the past couple weeks resulting in the sector containing a significant chunk of the the day's highs. The large amount of stimulus going to healthcare companies during the pandemic has investors more invested into the sector than ever..

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