97 Stocks Hit Highs; Market Pares Early Gains

Monday, October 19, 2020 2:28 PM | Nick Dey

During trading Monday, 97 stocks traded to a 52-week high, while 14 stocks bottomed out at new 52-week lows. The S&P 500 is down -0.73% on the day so far. Markets reversed earlier gains Monday as investors grow unsure if a deal on economic stimulus can be met by the Tuesday deadline. Additionally, covid cases in the US continues to rise as the US is now on their fifth consecutive day with over 50,000 new cases.

The following stocks traded to 52-week highs: A, AAXN, ADM, ADSK, ALGN, AMRC, AN, ARES, BBY, BHVN, BKI, BL, BLK, BLL, BPMC, BSIG, CAI, CBAY, CDAY, CMBM, COWN, CREE, CROX, CTVA, CVET, DAR, DECK, DLTH, DNKN, EIDX, EMN, ENPH, EPAM, EYE, FCX, FDX, FIVE, FIVN, FLEX, FRPT, FSLR, GOGO, GPI, GRUB, GTLS, HLI, IEX, IMMU, IRBT, KKR, KNSL, KRA, LB, LECO, LII, MDB, MELI, MGI, MOBL, MOH, MRTX, MSA, NOW, NUAN, NVRO, PAG, PAYC, PCAR, PKG, PPG, PWR, RAMP, RESI, SEDG, SFIX, SIVB, SNAP, SPSC, SPWR, SSTK, STAA, STNE, STRL, SWAV, TBK, TEAM, TGH, TROW, TRUP, TXRH, TYL, UI, UPLD, VEEV, WOR, ZBRA, ZM

The following Stocks traded to 52-week lows: AERI, CLI, CRBP, CVI, CVIAQ, GILD, GPOR, ICPT, MNKKQ, NEBLQ, PRQR, REV, TLRDQ, XOGAQ

Technology: ADSK, BKI, BL, CDAY, CMBM, CREE, ENPH, EPAM, FIVN, FLEX, FSLR, IRBT, MDB, MOBL, NOW, NUAN, PAYC, RAMP, SEDG, SPSC, SPWR, STNE, TEAM, TYL, UI, UPLD, ZBRA Technology stocks dominated our list of highs today with 27 out of the 97 total stocks that reached their high coming from the Technology sector. The Technology sector is up -0.4% so far Monday while the S&P 500 is down -0.73%. Tech has continued its trend of outperforming the market today, growing 5.73% over the past month while the S&P grew 3.01%. CREE announced that they have signed an agreement with SGH to sell their LED business to the company for up to $300 million. Meanwhile, NUAN is continuing their rise following selection by the US Deparment of Verterans Affairs to use the Nuance Dragon Medical One speech recognition cloud platform and their PowerMic Mobile microphone app to help physicians better document patient care through expanded VA telehealth services.

Consumer Cyclical: AN, BBY, BLL, CROX, DECK, DLTH, DNKN, EYE, FIVE, GPI, LB, MELI, PAG, PKG, SFIX, TXRH The Consumer Cyclical sector had the second largest presence on our 52-week highs, with 16 out of 97 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is down -0.32% so far Monday while the S&P 500 -0.73% Consumer Cyclical stocks also continued their trend of outperforming the market, growing 4.8% this past month while the S&P grew 3.01%. PAG is at highs after being initiated as a Buy at Seaport Global Securities with a price target of $60 while AN is at highs following them being initiated as Neutral at Seaport Global Securities.

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