During trading Tuesday, 108 stocks traded to a 52-week high, while 401 stocks bottomed out at new 52-week lows. The S&P 500 is down 1.36% so far today while the Dow is down 1.15%, the Nasdaq is down 1.87%, and the Russell 2000 is down 2.07%.
Stocks and cryptos are plunging Tuesday afternoon. Bank earnings reported this morning failed to tell a different story than Friday's reports. Goldman Sachs (GS) is leading the banking industry lower today, falling 6.99% to the industry's decline of 2.67% as weaker trading and rising expenses (particularly in respect to wages) weigh on the results. Meanwhile, Blink Charging (BLNK) is up 8.38% after a supply deal between Blink and GM was reached which will see the company provide chargers at GM dealerships in the US and Canada, with charges already being shipped to select locations.
Sector Highlights
Financial Services stocks dominated our list of highs today with 59 out of the 108 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 1.89% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 6.05% while the S&P decreased 0.13%.
Financial Services: ACBI, ACGL, AUB, BHLB, BOKF, BPOP, BRKL, CFG, CGBD, CMA, CNOB, COOP, ECPG, ENVA, FBP, FCF, FFIC, FHB, FITB, FNB, FULT, HAFC, HBAN, HBNC, HMST, HOPE, HTBK, HWC, ISBC, KEY, KRNY, LKFN, MET, MTB, OFG, PBCT, RE, RF, SBNY, SNV, SSB, TFC, UCBI, UMBF, VLY, VOYA, WAFD, WSFS, WTFC, BANF, BCBP, HBMD, HTBI, IBCP, MBIN, MBWM, PCB, QCRH, SRCE
Energy had the second-largest presence on our 52-week highs, with 35 out of 108 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 0.83% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 17.51% while the S&P decreased 0.13%.
Energy: APA, ARLP, BKR, BPMP, CNX, COP, CVI, CVX, DTM, DVN, EGY, EOG, ESTE, FANG, HAL, HES, KOS, MGY, MPC, MRO, MTDR, MUR, NEX, OAS, OXY, PSXP, PXD, SLB, TRGP, VLO, VNOM, WES, WHD, XOM, DMLP
