During trading, Thursday, 86 stocks traded to a 52-week high, while 60 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.18% so far today while the Dow is down 0.39%, the Nasdaq is up 0.75%, and the Russell 2000 is up 1.02%.
Stocks are advancing Thursday afternoon, following a busy day of earnings reports. EVgo (EVGO) and Rivian (RIVN) are both surging again today, with EVgo following up on yesterday's earnings and news-related pop and as Rivian continues to add to its IPO pop.
Beyond Meat (BYND) is down 13.38% after offering downside fourth-quarter guidance following an earnings and revenue miss. Meanwhile, Disney (DIS) is down 6% following its earnings and revenue miss which showed decelerating Disney+ subscriber growth. Lastly, Affirm (AFRM) is up 13.28% after the company announced that it was expanding its Amazon partnership and beat revenue estimates. Affirm earnings missed by some bit but have been brushed off by investors as consensus estimates may not have been comparable with the report.
Sector Highlights
Financial Services stocks dominated our list of highs today with 22 out of the 86 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 0.38% so far on the day. Over the last month, the Financial Services sector has underperformed the market, decreasing 2.23% while the S&P increased 5.82%.
StepStone Group (STEP) is up 4% after the company reported revenue growth of 61.3% while beating earnings and revenue estimates. STEP assets under management (AUM) rose 68% year over year. Meanwhile, American Equity Investments (AEL) is up 3.62% following an earnings beat and despite a revenue miss.
Financial Services: AEL, BANR, BBDC, CASH, CPF, DFIN, EGBN, FBNC, FDS, FFIN, FHI, FOCS, HAFC, HMST, HWC, ISOS, NBHC, OPRT, PFLT, STC, STEP, UMBF,
Industrials had the second-largest presence on our 52-week highs, with 21 out of 86 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, decreasing 0.41% so far on the day. Over the last month, the Industrials sector has underperformed the market, increasing 5.42% while the S&P increased 5.82%.
Ship Finance International (SFL) is up 11.96% after the company beat earnings and revenue estimates while increasing its quarterly dividend to $0.18 per share from $0.15 per share. Meanwhile, Uranium Energy (UEC) is up 6.31% after the company announced that it has acquired Uranium One Americas.
Industrials: APG, AQUA, BDC, CNHI, CTOS, EXPO, FELE, GSL, JBT, KBR, LEU, MLI, PFSW, RLGT, SFL, SHYF, TGLS, UEC, WIRE, WTS, YELL
The Lists
The following stocks traded to 52-week highs:
AAP, AEL, ANDE, APG, APH, APP, AQUA, ASIX, ASTL, AVNT, AZO, BANR, BBDC, BDC, BXMT, CARG, CASH, CCO, CDMO, CLFD, CLMT, CNHI, CPF, CPRX, CPT, CTOS, DDS, DFIN, DGII, EGBN, ENPH, EXPO, FBNC, FDS, FELE, FFIN, FHI, FOCS, FUL, GPI, GSL, HAFC, HMST, HTA, HWC, IAS, IDT, III, INSE
The following stocks traded to 52-week lows:
AFIB, AMWL, ATNX, AWH, BFLY, BHG, BLND, BMBL, BODY, BOLT, BRDS, BYND, CLVR, CLVS, CNVY, CSPR, CTXS, CVET, DRQ, FRPT, GMDA, GNL, GPN, GRTX, JRVR, LTCH, LZ, MDVL, MKTX, NVRO, ONTF, OSG, OSH, OTRK, PASG, PBYI, PCT, PETQ, PRPL, PSFE, PTON, QTNT, SAM, SBTX, SDGR, SGHT, STKL, STRA, TFX
The following ETFs traded to a 52-week high:
The following ETFs traded to a 52-week low:
