During trading Friday, 63 stocks traded to a 52-week high, while 404 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.41% so far today while the Dow is down 1.07%, the Nasdaq is down 0.02%, and the Russell 2000 is down 1.15%.
Stocks are declining Friday afternoon as cryptos rise. Bank earnings were mixed this morning, with Wells Fargo (WFC) rising 2.71% after beating earnings and revenue projections and JPMorgan (JPM) falling 5.94% after reporting disappointing revenue. Meanwhile, Retail Sales unexpectedly fell 1.9% in December as spending levels decreased at its fastest pace in February. Additionally, the preliminary reading for the University of Michigan's Consumer Sentiment report for January was slightly higher than expected, coming in at a reading of 68.8.
Sector Highlights
Financial Services stocks dominated our list of highs today with 28 out of the 63 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 1.69% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 5.89% while the S&P decreased 1.12%.
Financial Services: ACBI, BANR, BOKF, BPOP, BUSE, CMA, CPF, ECPG, FBP, FCF, FFBC, FNB, HAFC, HBAN, HOPE, HTBK, LKFN, MTB, PBCT, PFBC, UMBF, VLY, WAFD, WFC, WTFC, HBMD, HTBI, QCRH
Energy had the second-largest presence on our 52-week highs, with 15 out of 63 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 1.78% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 11.53% while the S&P decreased 1.12%.
Energy: BPMP, COP, CVX, DVN, EOG, FANG, HAL, HESM, MPC, MRO, PSXP, PXD, SLB, WES, XOM
