During trading Tuesday, 37 stocks traded to a 52-week high, while 2 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.61% on the day so far. The market was down before trading hours but have risen since as Healthcare, Technology, and Consumer Cyclical lead today's performance. Consumer Defensive lags behind with only one stock hitting its 52 week high and that stock being Clorox (CLX) due to the obvious continued demand for the product as fears grow of a "second wave".
The following stocks traded to 52-week highs:
AGX, APPS, AVAV, CDNS, CLX, EBAY, ECOM, EGAN, ETSY, GSHD, HOLX, IAC, LL, MED, MTCH, NTRA, OPK, OSPN, PDFS, PLUG, RDFN, RGR, RMD, SCPL, SHOP, SLP, SPAQ, STAA, SWBI, TMO, TNDM, TSCO, TSLA, VAPO, VIVO, VSTO, WKHS
The following Stocks traded to 52-week lows:
GNW, XOGAQ
Healthcare: HOLX, NTRA, OPK, RMD, SLP, STAA, TMO, TNDM, VAPO, VIVO,
Healthcare stocks dominated our list of highs today with 10 out of the 37 total stocks that reached their high coming from the Healthcare sector. The Healthcare industry is up 0.71% so far Tuesday while the S&P 500 is up 0.61%. Healthcare and Technology have been two of the leading sectors in the rally since the March 23 lows. HOLX hit their 52 week high today as they continue to test for a novel coronavirus vaccine as other companies are racing to find a cure. SLP has also hit their high after recently being upgrade to a "Buy" from BidaskClub.
Consumer Defensive: CLX
The Consumer Defensive industry makes up the minority of our 52-week highs, as 1 out of our 37 52-week highs comes to us from the Consumer Defensive industry. The Consumer Defensive industry is down -0.29% so far Tuesday while the S&P 500 is up 0.61% Consumer Defensive initially had a strong performance as the market reacted to COVID-19 spreading across the globe. This was expected as investors looked for companies that would perform well in a bearish market and people allocated their money for necessities such as food and utilities. Recently the sector has under performed as the market rebounds with CLX being the only stock in the sector to hit its 52 week high. Clorox understandably continues to perform well as it is a consumer staple and in high demand as fears grow of a second wave of coronavirus occurring.
