During trading Friday, 48 stocks traded to a 52-week high, while 4 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.19% on the day so far. Markets are ending the week on a strong note with the major indices all up Friday. This comes despite new coronavirus continuing to rise above now 150,000 daily cases and stimulus hopes once again being hit with the Trump Administration now saying they are going to be less involved in negotiations. Markets are ending the week on a strong note with the major indices all up Friday. This comes despite new coronavirus continuing to rise above now 150,000 daily cases and stimulus hopes once again being hit with the Trump Administration now saying they are going to be less involved in negotiations.
The following stocks traded to 52-week highs:
ALB, ANET, APPN, AQUA, ATUS, AVID, BHVN, BSIG, CDLX, CDNA, CELH, CMCSA, COHU, CYRX, DNLI, DVA, EIDX, EV, FIT, FORM, FTCH, HLI, KURA, LE, LECO, MGI, MGLN, MYOK, NSTG, NTLA, OCUL, OMCL, PACB, PLUG, PSMT, QRTEA, RCM, SCHN, SPB, STNE, SWAV, TCRR, TMUS, TWST, UPWK, VCEL, WD, XPEL
The following Stocks traded to 52-week lows:
EXTN, MNKKQ, NEBLQ, PACDQ
The following ETFs traded to a 52-week high:
EWN, EWT, EWY, FUD, IWC
The following ETFs traded to a 52-week low:
None
Healthcare: BHVN, CDNA, DNLI, DVA, EIDX, KURA, MGLN, MYOK, NSTG, NTLA, OCUL, OMCL, PACB, RCM, SWAV, TCRR, TWST, VCEL
Healthcare stocks dominated our list of highs today with 18 out of the 48 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is up 1.34% so far Friday while the S&P 500 is up 1.19%. Healthcare has been outperforming the market for most of the pandemic and recent vaccine updates have only helped out these stocks more. Neither Pfizer (PFE) or Moderna (MRNA) hit highs coming off there COVID-19 vaccine reports but both stocks went up significantly, just not enough to match highs set back in July. Healthcare has been outperforming the market for most of the pandemic and recent vaccine updates have only helped out these stocks more.
Technology: ANET, APPN, COHU, FIT, FORM, STNE
The Technology sector had the second largest presence on our 52-week highs, with 6 out of 48 highs coming from the Technology sector. The Technology sector is underperforming the market today, increasing 0.53% so far on the day. Over the last month the Technology sector has underperformed the market, decreasing -0.14% while the S&P increased 1.72%. Technology lagged behind the market earlier this week as investors reallocated into different sectors following positive vaccine updates but big tech stocks have recovered later in the week.
