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Finance Stocks Dominate 52-Week Highs Friday as Strong Earnings from Banks Continue

Friday, October 15, 2021 02:54 PM | Neal Farmer
Finance Stocks Dominate 52-Week Highs Friday as Strong Earnings from Banks Continue

During trading Friday, 193 stocks traded to a 52-week high, while 11 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.73% so far today while the Dow is up 1.07%, the Nasdaq is up 0.46%, and the Russell 2000 is up 0.58%.

Markets are up Friday after a strong retail sales report for September that saw sales rise by 0.7% compared to estimates for a 0.3% decrease. Meanwhile, Goldman Sachs (GS) stock is up over 3% today after the financial services firm surpassed earnings and revenue expectations for the quarter. Additionally, Alcoa (AA) stock is up over 15% after its strong earnings report and announcement of a quarterly dividend to go along with a $500 million share repurchase program.

Sector Highlights

Financial Services stocks dominated our list of highs today with 58 out of the 193 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 1.92% so far on the day. Over the last month the Financial Services sector has outperformed the market, increasing 4.71% while the S&P decreased 0.46%.

Finance stocks have the most highs again as the sector is up big Friday to close a week in which the big six banks reported and outperformed expectations.

Financial ServicesACGLAGOAJGAMPAONAPOARCCATHAXBACBKBROCASHCGCOOPCUBIDFINECPGEVREWBCFBCFDSFOCSFRCHLIICEJEFLAZLCLKFNLOKBLPLAMCMMCMTGNDAQNFBKNYCBPACWPJTPRIRERJFSASRSBNYSCHWSFSIVBSTCTBKTIPTUPSTVBTXWAFDWALWDWSFSXPDI,

Real Estate had the second largest presence on our 52-week highs, with 30 out of 193 highs coming from the Real Estate sector. The Real Estate sector is underperforming the market today, decreasing 0.06% so far on the day. Over the last month the Real Estate sector has underperformed the market, decreasing 1.35% while the S&P decreased 0.46%.

Real estate stocks have the second most highs Friday as the sector is flat for the day and down over 1% the past month but has rallied a bit recently with some stocks in overperforming areas benefitting the most.

Real EstateABRACCAKRALEXAVBBRGCBRECIOCLICPTFRFRTHTAILPTIRTKIMKWLAMRMAANMRKNXRTPLYMREGRLGYRPAIRPTRWTSPGSTAGUBA,

The Lists

The following stocks traded to 52-week highs: AAABRACCACGLAGOAJGAKRALEXAMAMBAAMPANETAONAPAAPOAPPARCCASHASLEATHAVBAXAYIAZOBACBCEIBCPCBDCBKBKRBLDRBOOTBRBRGBROBRYCACICALXCASHCBRECFXCGCHDNCHHCIOCLHCLICMPCOOP,

The following stocks traded to 52-week lows:

ACHRAVAHCHGGCLNNCTSODCTDOMAINZYKALAKRONMPLN,

The following ETFs traded to a 52-week high:

BNODBBDBCDIGDJPEISEPOLEWCEWOGSGIAIIEOIGEIXCIYEIYFIYGKCEKIEOILPINRSXUGAUSCIUSOUYGXLEXLFXLY,

The following ETFs traded to a 52-week low:

FXYVXX,

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