During trading Tuesday, 229 stocks traded to a 52-week high, while 1 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.58% so far today while the Dow is up 1.48% and the Nasdaq is up 1.32%. Stocks are rallying Tuesday after the transition of power from President Trump to President-elect Joe Biden was initiated after the General Services Administration acknowledged Biden to be the apparent winner of the election. Reopening stocks are bullish today on rekindled economic stimulus hopes that are coming from news that Biden intends to nominate Janet Yellen to be his Treasury Secretary. Consumer Confidence fell to 96.1 for November from 101.4 in October which implies that consumers are less confident about the future than they were a month ago. In earnings, Best Buy (BBY) and Dollar Tree (DLTR) beat earnings estimates while Hormel Foods (HRL) missed.
The following stocks traded to 52-week highs:
A, AAN, AAXN, ABBV, ACA, ACHC, ACIA, ACM, ACN, ADNT, AEIS, AEO, AIMC, AIT, ALB, ALV, AMAT, AMBA, AME, AMG, AMP, AMRC, ANF, AOS, AOSL, APH, APLS, APPN, APTV, ARAY, ARCB, ARW, ATRA, ATUS, AVAV, AVNT, AX, BALY, BC, BCOV, BE, BG, BLDR, BLK, BMCH, BRK.B, BYD, CAT, CC, CE, CLF, CLNE, CMCSA, CNO, COOP, COWN, CREE, CROX, CTB, CTS, CTVA, CVNA, DNKN, DOW, EAT, EIDX, ELF, EMN, EMR, ENPH, ENSG, ERII, ESI, ETN, EV, EVH, EVR, EVTC, FATE, FCX, FDX, FFWM, FIT, FLEX, FMC, FORM, FTCH, FUL, FWRD, GBX, GEF, GLW, GM, GMED, GPS, GRBK, GTLS, HASI, HI, HLIO, HOG, HRI, HZO, IDEX, IDT, IIVI, INFO, INSP, IP, IRDM, ITT, JHG, KLAC, KNDI, KTB, LAD, LCII, LE, LEA, LFUS, LL, LMAT, LPX, LRCX, LTHM, MATX, MDRX, MED, MGI, MGNI, MKSI, MMSI, MOD, MS, MSA, MSM, MSTR, MXL, MYE, MYRG, NBEV, NEO, NGM, NOVA, NSIT, NUAN, NWL, NWSA, NX, NXPI, OCUL, OLED, OLN, OMCL, ON, ONTO, ORBC, PAGS, PANW, PH, PLAN, PLUG, PRIM, PRTY, PSMT, PSTG, PTC, QRTEA, R, RBBN, RBC, RCII, RESI, RFP, RH, RHI, RILY, ROG, ROKU, RPD, RUSHA, RXN, SCCO, SCHN, SF, SFIX, SIG, SIVB, SNA, SPSC, SPWR, SSNC, STLD, STNE, SWK, SYK, TEL, TER, TEX, TGT, THRM, TITN, TKR, TMX, TRMB, TRTN, TRUP, TSLA, TTC, TTD, TTEC, TUP, UBER, UNP, URI, VC, VCYT, VMI, VNE, WCC, WD, WK, WNC, WRK, WSM, XPEL, ZBRA, ZEN, ZUMZ
The following Stocks traded to 52-week lows:
PACDQ
The following ETFs traded to a 52-week high:
BJK, CUT, DIA, EEM, EFA, EWJ, EWN, EWY, EZU, IAI, IOO, IWC, IWM, IYJ, IYK, IYM, IYT, KCE, MDY, MOO, PBD, PBW, REMX, SKYY, SLX, SMH, SOXX, TAN, UYM, VTI, XHB, XLI, XME, XRT
The following ETFs traded to a 52-week low:
SMN
Industrials: AAN, AAXN, ACA, ACM, AEIS, AIMC, AIT, AME, AMRC, AOS, ARCB, AVAV, BE, BLDR, BMCH, CAT, EMR, ERII, ETN, FDX, FWRD, GBX, GTLS, HI, HLIO, HRI, INFO, ITT, LPX, MATX, MSA, MSM, MYRG, NX, PH, PLUG, PRIM, R, RBC, RCII, RHI, RXN, SNA, SWK, TEX, TITN, TKR, TRTN, TTC, UNP, URI, VMI, WCC, WNC
Industrials stocks dominated our list of highs today with 54 out of the 229 total stocks that reached their high coming from the Industrials sector. The Industrials sector is outperforming the market, increasing 1.97% so far on the day. Over the last month the Industrials sector Aecom Tech (ACM) announced that they were selected by the U.S. Army Corps of Engineers, Omaha District to design the renovation for the U.S. Air Force Academy’s 700,000 square foot Sijan Hall. Meanwhile, Plug Power (PLUG) is on highs after raising about a billion dollars to accelerate the creation of the first nation-wide green hydrogen network.
Technology: ACIA, ACN, AMAT, AMBA, AOSL, APH, APPN, ARW, BCOV, CREE, CTS, ENPH, EVTC, FIT, FLEX, FORM, GLW, IDEX, IIVI, KLAC, LFUS, LRCX, MKSI, MSTR, MXL, NOVA, NSIT, NUAN, NXPI, OLED, ON, ONTO, PAGS, PANW, PLAN, PSTG, PTC, ROG, RPD, SPSC, SPWR, SSNC, STNE, TEL, TER, TRMB, TTD, TTEC, UBER, WK, ZBRA, ZEN
The Technology sector had the second largest presence on our 52-week highs, with 52 out of 229 highs coming from the Technology sector. The Technology sector is underperforming the market today, increasing 1.3% so far on the day. Over the last month the Technology sector has underperformed the market, increasing 1.1% while the S&P increased 3.59. Accenture (ACN) is on highs after announcing plans to acquire End-to-End Analytics yesterday. Meanwhile, Ambarella (AMBA) reached highs after beating earnings estimates yesterday, reporting $0.09 EPS on estimates of $0.05 EPS.
