During trading Wednesday, 157 stocks traded to a 52-week high, while 16 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.31% so far today while the Dow is up 0.45%, the Nasdaq is down 0.09%, and the Russell 2000 is up 0.6%.
Stocks are mostly higher following a slew of earnings reports. Hancock Whitney (HWC) is up 7.87% to highs after the company beat earnings and revenue estimates while improving its bottom line 61.1% from the previous year. Meanwhile, WD-40 (WDFC) is down 8.67% as covid related supply chain disruptions kept the company from meeting demand as WDFC missed on both earnings and revenue estimates. Lastly, Bitcoin is hovering near record highs following ProShares Bitcoin Strategy ETF (BITO) debut on the NYSE yesterday.
Sector Highlights
Financial Services stocks dominated our list of highs today with 56 out of the 157 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 0.77% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 6.55% while the S&P increased 1.95%.
Wintrust Fin (WTFC) is up 5.93% after beating earnings yesterday after market close. Meanwhile, Comerica (CMA) is up 4.46% after the company reported better than expected earnings.
Financial Services: AB, AGO, AIG, AMP, AON, ARCC, BAC, BHF, BK, BRO, CFR, CG, CMA, COOP, CUBI, EVR, EWBC, FCFS, FDS, FITB, FNF, FOCS, FRC, HLI, HWC, ICE, ISBC, KEY, KKR, LAZ, LC, LNC, LOB, LPLA, MAIN, MBI, MMC, NDAQ, NMFC, NTRS, NYCB, PACW, PFG, PJT, PNC, PRU, RJF, SF, SIVB, STC, STT, TBK, TFC, WTFC, XPDI, ZION
Industrials had the second-largest presence on our 52-week highs, with 25 out of 157 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, increasing 0.65% so far on the day. Over the last month, the Industrials sector has outperformed the market, increasing 3.48% while the S&P increased 1.95%.
Uranium Energy (UEC) is up 10.73% after Democrat Senator Manchin opposed a carbon tax as an alternative to a clean energy program. Meanwhile, Knight-Swift (KNX) is up 6.48% after the company beat earnings and revenue estimates while growing revenues 35.7% year over year.
Industrials: BLDR, CAR, CBZ, CLH, CTAS, FAST, GD, HEES, HRI, JBHT, KNX, LHX, NDSN, NOC, ODFL, PAYX, RTX, SITE, UEC, VRSK, WAB, WCC, WM, WSC, WTS
The Lists
The following stocks traded to 52-week highs:
AAP, AB, ABG, ABR, AGO, AIG, ALEX, AMP, ANTM, AON, APH, APP, ARCC, ASH, AVGO, AZO, BAC, BCPC, BHF, BK, BLDR, BR, BRO, BRY, CAR, CBZ, CDAY, CFR, CG, CIDM, CIM, CLH, CMA, COOP, COST, CRC, CSGP, CTAS, CUBI, CVI, DCP, DDS, DELL, DRE, DTM, EGP, ENLC, EVR, EWBC
The following stocks traded to 52-week lows:
ACHR, AMTI, APPH, CLNN, DCT, HCSG, KLDO, KRON, OWLT, PASG, PBYI, PTCT, QNST, SGMO, TCRR, VLTA
The following ETFs traded to a 52-week high:
DIG, EIS, EWC, EWO, EWS, IGE, IGV, IXC, IYF, IYG, KBE, KCE, KIE, MDY, MOO, NLR, RSX, RTH, SKYY, USCI, USO, UYG, XLE, XLF
The following ETFs traded to a 52-week low: