Healthcare and Industrial Stocks Account for 50% of Wednesday's 52-Week Highs

Wednesday, September 16, 2020 1:42 PM | Neal Farmer

During trading Wednesday, 74 stocks traded to a 52-week high, while 5 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.16% on the day so far. Markets are up for the day but are down from where they opened as a late morning-evening downward trend has occurred similar to last week when stocks were up in the morning before crashing midday. Traders are preparing for the Federal Reserve's meeting at 2 p.m. ET today as the central bank is expected to confirm zero bound rates for the foreseeable future and will speak on current economic activity.

The following stocks traded to 52-week highs: ADM, ALGN, APPS, ARNA, AVTR, BKI, BLDR, BLFS, BLL, CCS, CHRW, CHTR, CLCT, CROX, CSX, CTSH, DLTH, DNLI, DORM, DVA, EXPD, FCX, FDX, FIVE, FMC, FND, GGG, GOGO, GRBK, HAIN, IBP, IEX, IIPR, KTOS, LOW, MCD, MRTX, MSTR, MYOK, NSC, NSTG, NUAN, NUS, NVCR, NVRO, NVTA, PACB, PENN, PH, PTGX, REGI, RUN, RVNC, SBAC, SGMS, SGRY, SIBN, SILK, STE, STNE, TCS, TEL, TGH, TPTX, TRTN, TRUP, TT, TTC, TTGT, UNP, UPS, VSLR, WKHS, Z

The following Stocks traded to 52-week lows: CVI, CVIAQ, STBA, TLRDQ, XOGAQ

Healthcare: ALGN, ARNA, BLFS, DNLI, DVA, MRTX, MYOK, NSTG, NVCR, NVRO, NVTA, PACB, PTGX, RVNC, SGRY, SIBN, SILK, STE, TPTX

Healthcare stocks dominated our list of highs today with 19 out of the 74 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is up 0.19% so far Wednesday while the S&P 500 is up 0.16%. Healthcare has the most highs today despite trading roughly in line with the market as other sectors have dominated Wednesday's trading. The sector has been trading very well recently as investors continue to speculate on drug companies and vaccine developers as the race for a COVID-19 cure continues for hopefully not much longer.

Industrials: BLDR, CHRW, CLCT, CSX, EXPD, FDX, GGG, IBP, IEX, KTOS, NSC, PH, TGH, TRTN, TT, TTC, UNP, UPS

The Industrials sector had the second largest presence on our 52-week highs, with 18 out of 74 highs coming from the Industrials sector. The Industrials sector is up 1.19% so far Wednesday while the S&P 500 0.16% Industrial stocks are trading up significantly today as the sector is far outperforming the market today. The sector had originally been lagging during the main rally from February lows but has since been performing extremely well as the economy continues to open and consumers go back to somewhat "normal" routines..

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