During trading Wednesday, 349 stocks traded to a 52-week high, while 2 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.47% so far today while the Dow is up 1.98% and the Nasdaq is up 0.64%. Stocks are rallying Wednesday as the Georgia runoff election points increasingly towards a Democrat sweep, which would provide the party a narrow lead in the Senate as the parties would split 50-50 with Vice President-elect Kamala Harris acting as the tie-breaker when needed. This is spurring investors to rebalance their portfolios in favor of many of the stocks that endured the brunt of the negative impact from the pandemic as the Russell 2000 soars to just under 5% gains on the day.
The following stocks traded to 52-week highs:
A, AA, ABG, ACA, ACHC, ACM, ADI, ADM, AEIS, AEO, AES, AGCO, AIMC, AIT, ALB, ALLY, AMAT, AMBA, AME, AMG, AMKR, AMP, AMRC, AMRS, AN, ANDE, APAM, APTV, AQUA, ARAY, ARCB, ARW, ASH, ASIX, ASTE, ATKR, AVID, AVNT, AVY, AX, AXGN, AXNX, AY, AZZ, BALY, BCC, BCPC, BECN, BG, BKU, BLK, BMI, BR, BRKR, BXC, BYD, CADE, CAT, CBSH, CBT, CC, CCK, CDMO, CE, CELH, CENX, CEVA, CFX, CGNX, CHNG, CHUY, CLF, CLW, CMD, CNHI, CNMD, CNR, COHU, CROX, CSTM, CTVA, CWEN, DAN, DAR, DCI, DD, DE, DECK, DFS, DIOD, DISCA, DOV, DOW, DVA, DY, EBIX, EGOV, ELY, EME, EMN, ENDP, ENPH, ENS, ENSG, ERII, ESI, ETH, ETN, EV, EVH, EVR, EWBC, EXP, EXPE, EXPO, FCX, FELE, FFIN, FFIV, FFWM, FIBK, FIVE, FL, FLEX, FLGT, FLOW, FN, FOE, FRC, FSS, FUL, FWRD, GBCI, GLDD, GLT, GMED, GNRC, GNTX, GOLF, GPI, GPK, GS, GTLS, GVA, HASI, HCA, HI, HLF, HMST, HOLX, HOMB, HONE, HPQ, HRI, HTH, HUN, IAA, IBTX, IEX, IGT, IIVI, IP, IQV, IR, IRDM, IT, ITRI, ITT, J, JBHT, JCI, JEF, JNJ, KBR, KEYS, KFRC, KMT, KRA, KRO, KSU, LAD, LB, LBRT, LBTYA, LEA, LGF.A, LIN, LITE, LMAT, LPLA, LTHM, LYB, MC, MDRX, MED, MEI, MGLN, MIK, MLI, MLM, MOD, MOH, MORN, MOS, MS, MSTR, MTX, MTZ, MWA, MXIM, MYE, MYRG, NCR, NEOG, NEP, NESR, NOVA, NSIT, NUS, NWL, NWSA, NX, NXGN, NXPI, OCSL, ODP, OLN, OMF, ON, ONTO, OPRX, ORA, OZK, PACB, PATK, PGTI, PH, PI, PINC, PKG, PKI, PNFP, POWI, PPBI, PRIM, PRTY, PSMT, PWR, R, RBC, RCII, REAL, REGI, REZI, RF, RFP, RILY, RNST, ROAD, ROCK, RS, RUN, RUSHA, RVLV, RXN, RYI, SBCF, SCCO, SCHN, SCHW, SEDG, SEE, SEM, SFBS, SGH, SGRY, SHYF, SIG, SIVB, SLAB, SLM, SMG, SNX, SPB, SPOK, SPXC, SRI, ST, STLD, STRL, STZ, SWAV, SWKS, SWM, SXT, SYF, SYKE, TBBK, TBK, TCBI, TEL, TER, TEX, TGH, TGT, THC, TITN, TJX, TKR, TMX, TPCO, TPIC, TPR, TRMB, TRN, TROX, TRTN, TSE, TSLA, TTC, UCBI, UIS, UMBF, URI, USCR, UTHR, VCEL, VCRA, VMC, VRNT, VSTO, VVV, WAL, WAT, WCC, WETF, WH, WIRE, WLK, WMS, WOR, WRK, WSFS, WTS, X, XPER, XPO, XYL, ZBRA
The following stocks traded to 52-week lows:
CVIAQ, GTT
The following ETFs traded to a 52-week high:
BJK, CUT, DIA, EFA, ENZL, EPP, EWA, EWC, EWG, EWI, EWJ, EWK, EZU, FAN, FXA, FXE, IAI, IHF, IHI, IWC, IWM, IYH, IYJ, IYK, IYM, JJA, JJC, JJG, KCE, MDY, MOO, PBD, PBW, PHO, REMX, RTH, SLX, TAN, URA, UWM, UYM, VGK, VNM, VTI, XLB, XLV, XLY, XME, XRT
The following ETFs traded to a 52-week low:
SMN
Industrials: ACA, ACM, AEIS, AGCO, AIMC, AIT, AME, AMRC, AQUA, ARCB, ASTE, ATKR, AVY, AZZ, BECN, BMI, BXC, CAT, CFX, CNHI, CNR, DCI, DE, DOV, DY, EME, ENS, ERII, ETN, EXPO, FELE, FLOW, FSS, FWRD, GLDD, GNRC, GTLS, GVA, HI, HRI, IAA, IEX, IR, ITT, J, JBHT, JCI, KBR, KFRC, KMT, KSU, MLI, MTZ, MWA, MYRG, NX, PGTI, PH, PRIM, PWR, R, RBC, RCII, REZI, ROAD, ROCK, RXN, RYI, SHYF, SPXC, STRL, TEX, TGH, TITN, TKR, TPIC, TRN, TRTN, TTC, URI, WCC, WIRE, WMS, WOR, WTS, XPO, XYL,
Industrials stocks dominated our list of highs today with 87 out of the 349 total stocks that reached their high coming from the Industrials sector. The Industrials sector is outperforming the market, increasing 2.57% so far on the day. Over the last month the Industrials sector has under performed the market, decreasing 1.87% while the S&P increased 2.43%. Aecom Tech (ACM), Granite Construction (GVA), Caterpillar (CAT), and KBR (KBR) were all helped to highs in-part by the increasingly likely chance that the Georgia runoff elections will provide a Dem sweep.
Financial Services: ALLY, AMG, AMP, APAM, AX, BKU, BLK, CADE, CBSH, DFS, EV, EVR, EWBC, FFIN, FFWM, FIBK, FRC, GBCI, GS, HMST, HOMB, HONE, HTH, IBTX, JEF, LPLA, MC, MORN, MS, OCSL, OMF, OZK, PNFP, PPBI, RF, RILY, RNST, SBCF, SCHW, SFBS, SIVB, SLM, SYF, TBBK, TBK, TCBI, UCBI, UMBF, WAL, WETF, WSFS,
The Financial Services sector had the second largest presence on our 52-week highs, with 51 out of 349 highs coming from the Financial Services sector. The Financial Services sector is outperforming the market today, increasing 4.46% so far on the day. Over the last month the Financial Services sector has under performed the market, increasing 1.16% while the S&P increased 2.43%. Goldman Sachs (GS) is on highs after being initiated at Daiwa Securities at Outperform with a price target of $300. Meanwhile, Evercore (EVR) is on highs after the company was upgraded at Wolfe Research to Outperform from Peer Perform while increasing the company’s price target to $36 yesterday.
