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Industrial Production Weakens, Albertson (ACI) Beats Earnings and Raises Dividend; Stocks Rise Monday

Monday, October 18, 2021 02:06 PM | Nick Dey
Industrial Production Weakens, Albertson (ACI) Beats Earnings and Raises Dividend; Stocks Rise Monday

During trading Monday, 110 stocks traded to a 52-week high, while 61 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.21% so far today while the Dow is down 0.15%, the Nasdaq is up 0.63%, and the Russell 2000 is up 0.15%.

Stocks are mostly higher Monday afternoon after opening lower. Industrial Production for the month of September came in weaker than expected this morning with Hurricane Ida and the ongoing semiconductor shortage contributing to the 1.3% decline. Meanwhile, Capacity Utilization for September fell to 75.2% during September, against estimates for a slight rise to 76.5%. Lastly, Albertson (ACI) is up 3.75% after beating earnings and revenue estimates, raising its dividend, and providing upside guidance.

Sector Highlights

Financial Services stocks dominated our list of highs today with 29 out of the 110 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 0.06% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 5.71% while the S&P increased 0.64%.

State Street (STT) is up 2.94% after beating earnings estimates and revenue that were in line with expectations.

Financial Services: AGO, AMRK, ARCC, BAC, BK, CASH, CUBI, EVR, EWBC, HLI, ICE, LAZ, LEGO, LOKB, MBI, MC, MMC, NDAQ, NTRS, PJT, RJF, SBNY, SCHW, SF, SIVB, STT, TIPT, WAL, XPDI

Energy had the second-largest presence on our 52-week highs, with 27 out of 110 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 0.43% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 19.94% while the S&P increased 0.64%.

Energy: AM, APA, ARLP, BCEI, BRY, COP, DCP, DVN, FANG, FLMN, HAL, KOS, KRP, LNG, MRO, MTDR, OAS, OKE, OVV, PDCE, RTLR, TRGP, USAC, VNOM, WLL, WMB, XOG

The Lists

The following stocks traded to 52-week highs:

AA, AAP, ABR, AFRM, AGO, AM, AMRK, APA, APP, ARCC, ARLP, ASH, ASLE, AYI, AZO, BAC, BCEI, BK, BLDR, BRG, BRY, CAR, CASH, CBRE, CIO, COP, CRM, CUBI, CVLG, CYBR, DCP, DDS, DELL, DSKE, DVN, EGP, EVA, EVR, EWBC, EYE, FANG, FLMN, FTNT, GSKY, HAL, HD, HLI, HTA, ICE

The following stocks traded to 52-week lows:

ACHR, ADVM, AMBP, AMTI, ARCE, ATHX, AVAH, BARK, BBBY, BLND, CBAT, CGEM, CLNN, CLVR, CNVY, CTSO, CURV, DOMA, DRRX, EPZM, ESPR, FMTX, FTCI, FXLV, GKOS, GRPH, HARP, HNST, HOOK, HYFM, INSG, IONS, KALA, KLDO, LHCG, LTCH, MBIO, MCW, MILE, MPLN, MRSN, NKTX, OMER, OUST, PBYI, PRPL, PTCT, RGS, RNW

The following ETFs traded to a 52-week high:

BNO, DBC, DIG, EWC, GSG, IAI, IEO, IGE, IXC, IYE, IYF, IYG, OIL, SKYY, UGA, URA, USCI, USO, XLE, XLF, XLY, XOP

The following ETFs traded to a 52-week low:

CSJ, IEI, MBB, SHY

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