During trading Tuesday, 61 stocks traded to a 52-week high, while 3 stocks bottomed out at new 52-week lows. The S&P 500 is down -0.25% on the day so far Markets are down Tuesday as investors turned their attention back onto rising coronavirus cases as the impact of positive vaccine updates lessened. Tesla (TSLA) shares jumped after news that the stock will join the S&P 500 on December 21, 2020 and will be one of the 10 most valuable companies in the index. CVS and Walgreens (WBA) stock fell today after news that Amazon (AMZN) is entering into the pharmaceutical business, AMZN is up 0.89% today.
The following stocks traded to 52-week highs: ACHC, APPN, APTV, ATRA, AVID, BAH, BHVN, BRK.B, BSIG, CL, CLGX, CMCSA, COHU, COOP, CPS, DFIN, DLB, EV, EW, FIZZ, FOLD, FOSL, GM, GNTX, GRBK, HCA, HEI, HRI, IEX, JOE, KLAC, KNSL, KRNT, LSCC, MCRB, MGI, MOD, MS, MSTR, MU, OMCL, OPY, PANW, PKG, POWI, PRTY, PTCT, QCOM, SBUX, SHYF, SNBR, SNDX, SNX, STNE, TCRR, TGH, TMUS, TRTN, TUP, UPWK, XPEL
The following Stocks traded to 52-week lows: GPOR, MNKKQ, NEBLQ
The following ETFs traded to a 52-week high: DBB, EWY, IYK, JJA, PBW, REMX, RJA
The following ETFs traded to a 52-week low: None
Consumer Cyclical: APTV, CPS, FOSL, GM, GNTX, GRBK, MOD, PKG, PRTY, SBUX, SNBR, TUP, XPEL
Consumer Cyclical stocks dominated our list of highs today with 13 out of the 61 total stocks that reached their high coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market, decreasing -0.18% so far on the day. Over the last month the Consumer Cyclical sector General Motors and Starbucks are two of the biggest names that hit their highs today. These companies hitting highs shows investors betting on the reopen stocks as both the automotive and restaurant industry are reliant on physical locations and consumers not being quarantined.
Technology: APPN, CLGX, COHU, KLAC, LSCC, MSTR, MU, PANW, POWI, QCOM, SNX, STNE
The Technology sector had the second largest presence on our 52-week highs, with 12 out of 61 highs coming from the Technology sector. The Technology sector is outperforming the market today, decreasing -0.16% so far on the day. Over the last month the Technology sector has underperformed the market, increasing 0.19% while the S&P increased 3.96%. Tech stocks are showing to be bets on the economy continuing to remain quarantined to some degree and investors have typically reallocated into the sector following surging COVID-19 cases as they expect future shutdowns.