During trading Tuesday, 110 stocks traded to a 52-week high, while 5 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.14% on the day so far. Stocks are mixed so far today as previously lagging sectors have rallied while some of the bigger stocks, especially tech companies, have fallen from their highs. Investors seem to be reallocating their assets from the bigger safe investments such as Apple or Amazon to other sectors of the market that might be currently undervalued or at the very least, less overvalued. Russia announced they are beginning production of a COVID-19 vaccine but the drug still awaits further clinical trials.
The following stocks traded to 52-week highs:
AAWW, AEIS, AIMC, AMCR, APAM, ASGN, ATEN, ATSG, AVYA, BAH, BBY, BERY, BIG, BLK, BR, CACC, CC, CCMP, CHDN, CMI, CNSL, CREE, CTAS, CTB, CVET, CWEN, DE, DECK, DELL, DLPH, DOOR, EVH, FBHS, FDS, FDX, FIX, FMC, FOCS, GCP, GGG, GLW, GTLS, GWW, HBI, HD, HDS, HI, HRL, HUM, IAC.XX10, IDCC, IIPR, ITW, JBHT, JNPR, KMX, LAD, LB, LECO, LII, LOB, LOW, LSTR, MAS, MTCH.XX10, NDSN, NKE, NWSA, ODFL, OPRX, PBI, PCAR, PCH, PCRX, PG, PGTI, PII, PJT, PRAA, PWR, RBC, RCII, RCKT, RCM, REGI, ROAD, ROCK, ROK, ROP, RRC, RUSHA, SHW, SILK, SMTC, SSD, STAG, STNE, TGT, TT, TXN, UFPI, UNH, UNP, URI, VSTO, W, WHR, WSM, WSO, XPEL
The following Stocks traded to 52-week lows:
CVIAQ, FIXX, GTT, NEBLQ, XOGAQ
Industrials: AAWW, AEIS, AIMC, ASGN, ATSG, BAH, CMI, CTAS, DE, DOOR, FDX, FIX, GGG, GTLS, GWW, HDS, HI, ITW, JBHT, LECO, LII, LSTR, MAS, NDSN, ODFL, PBI, PCAR, PGTI, PWR, RBC, RCII, ROAD, ROCK, ROK, ROP, SSD, TT,
Industrials stocks dominated our list of highs today with 37 out of the 110 total stocks that reached their high coming from the Industrials sector. The Industrials sector is up 1.5% so far Tuesday while the S&P 500 is up 0.14%. The sector has now had the most 52-week highs back to back days as technology and healthcare finally take a back seat. Industrials along with consumer cyclical and financial services are seeing great results as those sectors were previously lagging behind the rally. The dip in recent COVID-19 cases likely is going a long way for the movement of these stocks.
Consumer Cyclical: AMCR, BBY, BERY, CHDN, CTB, DECK, DLPH, FBHS, HBI, HD, KMX, LAD, LB, LOW, NKE, PII, RUSHA,
The Consumer Cyclical sector had the second largest presence on our 52-week highs, with 17 out of 110 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is up 0.49% so far Tuesday while the S&P 500 0.14% Consumer cyclical is again one of the top two performing sectors as optimism seems to be growing that the economy might recovery faster than some expected. Nike (NKE) is probably the biggest name of these stocks as the apparel manufacturer's stock continues to rise as it continues to be one of the most recognizable and influential brands in the world..
