During trading Tuesday, 117 stocks traded to a 52-week high, while 30 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.73% so far today while the Dow is up 0.51%, the Nasdaq is up 0.74%, and the Russell 2000 is up 0.65%.
Markets are higher Tuesday morning as a number of firms reported quarterly earnings ahead of market open. Shares of Proctor & Gamble (PG) are down nearly 2% despite the firm surpassing earnings and revenue estimates as the company’s margins tightened due to rising transport and commodity prices. Thus, P&G will be raising the price on more of its staples. Lastly, housing data came in below expectations for September with 1.56 million housing starts and 1.59 million building permits.
Financial Services stocks dominated our list of highs today with 30 out of the 117 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, increasing 0.66% so far on the day. Over the last month the Financial Services sector has outperformed the market, increasing 4.99% while the S&P increased 0.28%.
Finance stocks have the most highs yet again on Tuesday as the sector is up 5% over the past month with many of the big names far surpassing earnings estimates last week.
Technology had the second largest presence on our 52-week highs, with 24 out of 117 highs coming from the Technology sector. The Technology sector is outperforming the market today, increasing 0.94% so far on the day. Over the last month the Technology sector has underperformed the market, decreasing 0.31% while the S&P increased 0.28%.
Tech stocks are up big today leading the major indices higher as the sector overall is still down slightly over the past month of trading.
The following stocks traded to 52-week highs: AAP, AB, ABR, ACN, AFRM, AGO, AIG, AKR, AMP, APH, APO, APP, ARLP, ASAN, ATH, AZO, BRG, BRY, CAR, CBRE, CDAY, CFR, CG, CIO, CLH, CPT, CRM, CSGP, CSL, CTAS, CVLG, CWST, DDOG, DDS, DELL, DHT, DNA, DOCN, DRE, EWBC, FDS, FLMN, FNF, FOCS, FR, FTNT, GNRC, HD, HLI,
The following stocks traded to 52-week lows: