During trading Tuesday, 30 stocks traded to a 52-week high, while 44 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.09% so far today while the Dow is up 0.13%, the Nasdaq is up 0.29%, and the Russell 2000 is up 0.22%.
Market lows outweigh the highs Tuesday as stocks are recovering from yesterday’s fall in response to the China Evergrande Group situation and hints of the Fed tapering assets soon. Major indices opened higher today but have since fallen and remain just barely up for the day, still markets appear far more stable right now than they were Monday when many were emotionally selling off concerns of a Lehman 2.0 moment. However, the likelihood of that seems very slim as regulators are prepared to restructure Evergrande’s debts if need be.
Sector Highlights
Healthcare stocks dominated our list of highs today with 8 out of the 30 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is outperforming the market, increasing 0.3% so far on the day. Over the last month the Healthcare sector has underperformed the market, decreasing 2.45% while the S&P decreased 0.97%.
Healthcare stocks have the most highs Tuesday but any bullish takeaways are quickly pulled back by the fact the sector remains down nearly 2.5% the past month and has double the amount of 52-week lows as its highs. The sector leads today’s lows as well.
Technology had the second largest presence on our 52-week highs, with 6 out of 30 highs coming from the Technology sector. The Technology sector is outperforming the market today, increasing 0.11% so far on the day. Over the last month the Technology sector has outperformed the market, increasing 0.22% while the S&P decreased 0.97%.
Tech stocks have the second most highs today with the sector inching just barely higher for the day and up slightly over the past month.
The Lists
The following stocks traded to 52-week highs: ASAN, CERE, CIDM, CVLG, DDOG, FULC, GPI, GRA, HLI, INMD, INSP, ISEE, JBT, LXU, MCG, MEG, MOH, NOVT, PCTY, PPC, RBOT, RGEN, SPIR, SPSC, TEAM, TNET, TPX, UPST, WMG, XLRN,
The following stocks traded to 52-week lows:
AFIB, AGC, AMED, BLND, CDZI, CLVR, COLD, CPNG, DNAY, DSP, EBS, ENR, EQOS, GO, HARP, INNV, INSG, JAZZ, KAMN, LHCG, LLNW, LZ, MCW, NFE, NLS, NUS, OLLI, OMIC, OYST, PATH, PAY, PCAR, PRVA, PSFE, RGS, RNR, SGHT, STNE, TALK, TCRR, TTWO, TXMD, XMTR, ZNGA,
The following ETFs traded to a 52-week high:
NOTV,
