During trading Thursday, 97 stocks traded to a 52-week high, while 45 stocks bottomed out at new 52-week lows. The S&P 500 is up 4.13% so far today while the Dow is up 2.52%, the Nasdaq is up 5.67%, and the Russell 2000 is up 5.19%.
Markets rose sharply Thursday following a stronger than expected October Consumer Price Index (CPI) report. The lower than projected rise in prices led to large speculation that the Federal Reserve will ease its monetary tightening and cool down interest rate hikes. Overall consumer prices rose 0.4% compared to the expected 0.7% hike from analysts while core prices (excluding food and energy) increased 0.3% versus the estimated 0.5% rise.
Sector Highlights
Financial Services stocks dominated our list of highs today with 34 out of the 97 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 5.13% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 17.19% while the S&P increased 10.24%.
Finance stocks had the most highs Thursday as the sector rose over 5% on the day with investors flocking to them after a strong CPI report which led to optimism that the Fed will cool down its interest rate hikes now.
Financial Services: AAC, ACGL, ACII, AFL, AMP, ASZ, BSKY, CVBF, DHBC, FCAX, FLME, FNB, GXII, IBOC, JWSM, KAHC, MET, NBHC, NBTB, NWBI, PFG, PGR, RJF, RLI, RMGC, RNST, SNRH, SWET, TRMK, UBSI, VELO, WABC, WAFD, WSBC
Industrials had the second-largest presence on our 52-week highs, with 19 out of 97 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, increasing 4.23% so far on the day. Over the last month, the Industrials sector has outperformed the market, increasing 16.56% while the S&P increased 10.24%.
Industrial stocks have the second most highs today with the sector rising over 16% the past month of trading and up big Thursday along with the most of the market.
Industrials: AJRD, BAH, BWXT, CW, EME, EPAC, FIX, FSS, GWW, HUBB, NPO, NVT, PCAR, SNA, SPXC, TTC, VMI, WNC, WSC
The Lists
The following stocks traded to 52-week highs:
AAC, ACGL, ACII, ADMA, AFL, AFYA, AGYS, AIN, AJRD, AKUS, ALB, AMP, ASZ, ATEN, BAH, BSKY, BWXT, CASY, CMC, CSGP, CVBF, CW, DHBC, ELF, EME, ENSG, EPAC, ETD, EXLS, FCAX, FICO, FIX, FLME, FNB, FRW, FSS, GILD, GPC, GTY, GWW, GXII, HOG, HUBB, IBOC, IRDM, BOWL, JWSM, KAHC, LOPE, MCD, MET, MNRL, MOD, NBHC, NBTB, NPO, NVT, NWBI, ORLY, PCAR, PFG, PFGC, PGR, PLXS, PRDO, PTC, RFP, RJF, RLI, RMBS, RMGC, RNST, SANM, SLGN, SNA, SNRH, SPXC, SWET, TR, TRMK, TTC, TXRH, UBSI, UTHR, VC, VELO, VMI, WABC, WAFD, WNC, WSBC, WSC
The following stocks recently reported earnings and are at a 52-week high:
The following stock is trading at a 52-week high ahead of an upcoming earnings report:
The following stocks traded to 52-week lows:
AGFY, ALTO, APPH, AVAH, BGS, CANO, CDNA, QNCX, EAR, ENJYQ, BBAI, HGEN, JAMF, KRON, KXIN, LABP, LKCO, EGIO, MGTX, MKFG, NEXI, NLS, NUVA, ORGO, PLBY, RKLY, RMBL, RUBY, SHPW, SLNH, SMSI, SNCR, TCDA, TDUP, TIG, TNXP, TOI, VCSA, TTGT, VBIV
The following stocks recently reported earnings and are at a 52-week low:
The following stock is trading at a 52-week low ahead of an upcoming earnings report:
High & Low Streaks
The following stocks are trading at a 52-week high for the third consecutive day:
AAC, AFL, AIN, ATEN, DHBC, ETD, HUBB
The following stock is trading at a 52-week high for the fourth consecutive day:
The following stock has been trading at a 52-week high for five or more consecutive days:
IBOC (5)
The following stock has been trading at a 52-week low for five or more consecutive days:
BBAI (5)
