During trading Tuesday, 55 stocks traded to a 52-week high, while 6 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.08% on the day so far while the Nasdaq has fallen 1.33% and the Dow has grown 0.53%. Investors are continuing to rotate out of Tech stocks with the sector falling 1.72% so far on the day. The market is giving back some of yesterday’s vaccine-fueled gains as investors look to the remaining hurdles that the vaccine will face. Uncertainty from growing covid cases and the resistance by President Trump regarding the transition of power between the President and the President-elect are also adding to today’s selling.
The following stocks traded to 52-week highs:
ABC, ABG, ABM, AIMC, ANF, APAM, ARCB, ASGN, AVID, AX, BIP, BKE, BRKS, CASY, CPK, CTB, CTS, CYH, DNLI, DVA, EMN, ENS, EVR, FOLD, FORM, FWRD, GM, HCA, HLIO, HRI, JOE, KURA, LE, LKFN, LOB, MCK, MGI, MNKD, MSM, MSTR, MTOR, OPRX, PACB, RHI, RUSHA, SCHN, SF, SGRY, SHYF, SWAV, TBK, THRM, TKR, VC, VCEL
The following Stocks traded to 52-week lows:
BAP, BTU, GBT, HPR, MNKKQ, PACDQ
Healthcare: CYH, DNLI, DVA, FOLD, ABC, HCA, KURA, MCK, MNKD, OPRX, PACB, SGRY, SWAV, VCEL
Healthcare stocks dominated our list of highs today with 14 out of the 55 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is trading lower by 0.02% today as the sector outperforms the market as a whole. Over the past month, the Healthcare sector outpaced the market growing 3.12% to the S&P’s rise of 3.01%. CYH is reaching highs today after Supreme Court Justice Brett Kavanagh and Chief Justice John Roberts expressed skepticism regarding the Trump administration’s “severability argument” against the Affordable Care Act. Meanwhile, DNLI reached highs after announcing that the company has achieved proof of concept in their Transport Vehicle (TV) technology for the potential treatment of Hunter syndrome during a Phase 1/2 study.
Industrials: ABM, AIMC, ARCB, ASGN, ENS, FWRD, HLIO, HRI, MSM, RHI, SHYF, TKR
The Industrials sector had the second largest presence on our 52-week highs, with 12 out of 55 highs coming from the Industrials sector. Industrials are trading higher by 1.31% on a day that much of the market has fallen. Over the past month Industrials have performed strongly, outpacing the S&P with growth of 4.53%.
