During trading Tuesday, 197 stocks traded to a 52-week high, while 8 stocks bottomed out at new 52-week lows. The S&P 500 is down -0.57% on the day so far. Stocks are trading lower Tuesday as hopes for further economic stimulus continues to dim. JP Morgan and Citigroup both announced and beat earnings today as earnings season gets in full swing. Meanwhile, Speaker Nancy Pelosi is demanding the Trump administration revamp their latest offer, while Senate Majority Leader Mitch McConnell is pushing for a smaller-scale strategy that has repeatedly been rejected by Democrats and would only see funds be replenished in the Paycheck Protection Program. McConnell’s latest push was met with backlash from the Trump administration, with the President tweeting “Go big or go home!!”
The following stocks traded to 52-week highs: AGCO, AJG, ALTR, AMED, ANSS, APAM, APPN, APPS, ARES, ARNA, ATEC, AVGO, AVLR, BAND, BIO, BKI, BL, BLK, BMI, BPMC, BSIG, CDAY, CDNS, CL, COST, CRL, CRWD, CTAS, CTLT, CTSH, CWST, DELL, DG, EGAN, EIDX, ENTG, ETSY, EV, FATE, FIVN, FRC, FRPT, FSLR, FSLY, FVRR, GDOT, GGG, GLOB, GPRO, HBI, IIPR, INSM, IPGP, JHG, KLAC, KRNT, LOW, MANH, MDB, MDGL, MORN, MRTX, MXIM, NOW, NUAN, NVRO, OC, OKTA, PAYC, PCTY, PFSI, PGR, POOL, QCOM, RCKT, ROKU, ROL, SAM, SGEN, SITE, SLP, SNPS, SPSC, SSTK, SWI, TCRR, TGT, TMUS, TNDM, TREX, TROW, TT, TTD, TTGT, TWLO, TWST, TXN, TYL, UPS, VCYT, VEEV, VNE, VRNS, VRSK, WSM, WST, WTRE, XLRN, ZEN
The following Stocks traded to 52-week lows: BTU, CVIAQ, CXW, ICPT, NEBLQ, PRQR, TLRDQ, XOGAQ
Technology: ALTR, ANSS, APPN, APPS, AVGO, AVLR, BAND, BKI, BL, CDAY, CDNS, CRWD, CTSH, DELL, EGAN, ENTG, FIVN, FSLR, FSLY, GLOB, GPRO, IPGP, KLAC, MANH, MDB, MXIM, NOW, NUAN, OKTA, PAYC, PCTY, QCOM, SNPS, SPSC, SWI, TTD, TXN, TYL Technology stocks dominated our list of highs today with 38 out of the 197 total stocks that reached their high coming from the Technology sector. The Technology sector is up -0.42% so far Tuesday while the S&P 500 is down -0.57%. BAND is trading higher today after signing a definitive agreement yesterday to acquire Voxbone and releasing Q3 guidance that was inline with previous estimates provided by the company. Meanwhile, CDNS reached highs after announcing Cadence System-Level Verification IP which is a set of tools for automating sytem-on-chip test bench assembly, bus and CPU traffic generation, cache-coherency validation, and system performance bottleneck analysis.
Healthcare: AMED, ARNA, ATEC, BIO, BPMC, CRL, CTLT, EIDX, FATE, INSM, MDGL, MRTX, NVRO, RCKT, SGEN, SLP, TCRR, TNDM, TWST The Healthcare sector makes up the minority of our 52-week highs, as 19 out of our 197 52-week highs comes to us from the Healthcare sector. The Healthcare sector is down -0.53% so far Tuesday while the S&P 500 -0.57% INSM is at highs following Stifel resuming following of the company yesterday at a Buy with a price target of $44. Meanwhile, SGEN reported top-line results alongside ALPMY in their Phase 2 pivotal trial of PADCEV.