Financials, Industrials Lead New Highs as Bonds, Broad Indices Fall

Thursday, February 25, 2021 2:12 PM | Nick Dey

During trading Thursday, 309 stocks traded to a 52-week high, while 1 stock bottomed out at new 52-week lows. The S&P 500 is down 2.07% so far today while the Dow is down 1.43% and the Nasdaq is down 2.87%.

Tech and Communication Services stocks are leading markets sharply lower today as Treasury yields hit a one-year high. GameStop (GME) is rallying again today as the retail investing community floods to the stock again. Meanwhile, economic data has been better-than-expect today. Initial Claims fell to 730,000 new jobless claims, much lower than consensus estimates for 820,000 claims. Additionally, Durable Goods Orders increased 3.4% in January after estimates called for an increase of 1.2%.

Sector Highlights

Financial Services stocks dominated our list of highs today with 119 out of the 309 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, decreasing -0.9% so far on the day. Over the last month the Financial Services sector has outperformed the market, increasing 10.39% while the S&P increased 2.19%. Aflac (AFL) is on highs after announcing a partnership with Sound Point Capital to create a new asset management business. Meanwhile, Bank of America (BAC) is on highs after being mentioned favorably by Wells Fargo’s Mike Mayo on CNBC.

Financial Services: ABCB, AFL, AMP, ASB, ATH, AUB, BAC, BANR, BKU, BOH, BOKF, BPFH, BPOP, BRK.B, BXS, CASH, CATY, CBSH, CBU, CFFN, CFG, CFR, CMA, CNO, CNOB, COLB, COOP, COWN, CUBI, CVBF, DFIN, EFSC, EGBN, EQH, EV, EWBC, FBNC, FCF, FFIC, FFWM, FHB, FHN, FITB, FMBI, FNB, FRC, FRME, FULT, GBCI, GS, HAFC, HBAN, HOMB, HTGC, HTH, IBOC, IBTX, INDB, ISBC, IVZ, JEF, JPM, KEY, LBAI, LKFN, LNC, MET, MS, MTB, NEWT, NTB, NTRS, NYCB, OCFC, OPY, OZK, PACW, PB, PBCT, PFC, PFG, PNC, PNFP, PPBI, PRU, RF, RILY, RJF, RNST, SBCF, SBNY, SF, SFBS, SFNC, SIVB, SNV, STL, TBBK, TCBI, TCF, TFC, TOWN, TSC, TW, UBSI, UCBI, UMBF, UMPQ, UNM, USB, UVSP, VBTX, VLY, VOYA, WAL, WBS, WSFS, WTFC, ZION

The Industrials sector had the second largest presence on our 52-week highs, with 45 out of 309 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, decreasing -1.26% so far on the day. Over the last month the Industrials sector has outperformed the market, increasing 5.27% while the S&P increased 2.19%. Atkore International (ATKR) is on highs after acquiring FRE Composites Group for an undisclosed amount. Meanwhile, Clean Harbors (CLH) is on highs after beating earnings estimates yesterday, reporting $0.63 per share on estimates for $0.38. Lastly, Deere (DE) increased their dividend to $0.90 per share from $0.76 per share.

Industrials: ABM, ACM, AGCO, AIT, ALGT, ARCB, ATI, ATKR, AVY, AZZ, BECN, CLH, CODI, CRS, DE, EAF, EME, ERII, EXPO, FLOW, GNK, GVA, HI, HRI, IEP, IR, J, JELD, KFRC, KFY, LPX, LSTR, MLI, MSM, ODFL, PGTI, PH, PWR, RCII, SNA, THR, TNET, TRTN, VMI, WBT

The Lists

The following stocks traded to 52-week highs: AA, ABCB, ABG, ABM, ABR, ACM, ADM, ADNT, AEO, AFL, AGCO, AGRO, AIT, ALGT, AMP, ANF, APYX, ARCB, ARD, AROC, ASB, ATH, ATI, ATKR, AUB, AVY, AZZ, BAC, BANR, BCEI, BECN, BKR, BKU, BOH, BOKF, BPFH, BPOP, BRK.B, BRX, BXS, CALX, CASH, CATY, CBSH, CBU, CDEV, CEIX, CENX, CFFN, CFG, CFR, CLB, CLH, CLNY, CMA, CMC, CNO, CNOB, CNTY, CODI, COLB, COOP, COWN, CPE, CRS, CUBE, CUBI, CVBF, CVX, CZR, DAN, DE, DFIN, DNOW, DRH, DRI, DRNA, DVN, EAF, EEFT, EFSC, EGBN, ELF, EME, EMN, EQH, ERII, ETH, EV, EVH, EWBC, EXP, EXPO, EXR, F, FANG, FBNC, FCF, FFIC, FFWM, FHB, FHN, FITB, FLOW, FMBI, FNB, FPRX, FRC, FRME, FSR, FULT, GBCI, GDEN, GES, GKOS, GNK, GOOS, GS, GVA, H, HAFC, HAL, HBAN, HI, HIBB, HLT, HMLP, HOMB, HPE, HRI, HTGC, HTH, IBOC, IBTX, IEP, IMAX, IMKTA, INDB, IR, ISBC, IVZ, J, JCOM, JEF, JELD, JOE, JPM, JYNT, KALU, KEY, KFRC, KFY, KIM, KRG, LAND, LB, LBAI, LE, LKFN, LKQ, LNC, LOVE, LPX, LSTR, LTRPA, LVS, LYB, MAR, MERC, MET, MGPI, MLI, MO, MS, MSM, MTB, MTDR, MTN, MTX, MU, MYE, NBR, NESR, NEWT, NFG, NTB, NTRS, NUE, NYCB, OCFC, ODFL, OLN, OMP, OPY, ORCL, ORGO, OZK, PACW, PAG, PB, PBCT, PCRX, PDCE, PFC, PFG, PGTI, PH, PLNT, PNC, PNFP, PPBI, PRU, PSA, PTEN, PUMP, PWR, PXD, QEP, QUOT, RCII, RCL, RES, RF, RILY, RJF, RL, RNST, RS, RVLV, SAFM, SBCF, SBNY, SEAS, SF, SFBS, SFNC, SGH, SIG, SITC, SIVB, SM, SNA, SNBR, SNV, SNX, SONO, SSP, STAR, STL, STLD, SUM, SWM, SYK, SYY, TBBK, TCBI, TCF, TFC, TGNA, TGP, THR, TMST, TNET, TNL, TOWN, TPR, TPX, TRTN, TSC, TW, TWTR, UBSI, UCBI, UFPI, UFS, UGI, ULTA, UMBF, UMPQ, UNM, UPLD, URBN, USB, UVSP, VBTX, VIAC, VICI, VLO, VLY, VMI, VNDA, VOYA, VRA, VSH, WAL, WBS, WBT, WES, WH, WHD, WMB, WOW, WSFS, WTFC, WWW, WY, XOM, ZION, ZUMZ

The following stocks traded to 52-week lows: EPZM

The following ETFs traded to a 52-week high: DBB, DVY, EWA, EWC, EWO, EWQ, EWT, EWU, EZU, FXA, FXB, FXC, IAI, IEO, IGE, IYF, IYG, JJC, KBE, KCE, KIE, KRE, OIH, RJA, SDY, SLX, USCI, XLF, XOP

The following ETFs traded to a 52-week low: TLH, TLT

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