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Industrials, Cyclicals Lead Highs Following Huge Jobs Miss

Friday, May 07, 2021 02:31 PM | Nick Dey

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Industrials, Cyclicals Lead Highs Following Huge Jobs Miss

During trading Friday, 272 stocks traded to a 52-week high, while 8 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.66% so far today while the Dow is up 0.6%, the Nasdaq is up 0.72%, and the Russell 2000 is up 1.16%.

Stocks are rising today despite a much worse than expected jobs report for April. Monthly Employment Situation Report showed the economy adding 266,000 jobs against estimates for one million jobs. Treasury Secretary Janet Yellen said that the report underscores how far we still have to go, but is confident that there will be a strong recovery both this year and next.

Sector Highlights

Industrials stocks dominated our list of highs today with 59 out of the 272 total stocks that reached their high coming from the Industrials sector. The Industrials sector is outperforming the market, increasing 1.25% so far on the day. Over the last month the Industrials sector has outperformed the market, increasing 4.18% while the S&P increased 3.03%.

Beacon Roofing Supply (BECN) is on highs despite posting an unexpected loss, reporting a loss of $0.18 per share on estimates for $0.00 per share. Meanwhile, CNH Industrial (CNHI) is on highs following it being added to BofA Securites’ US 1 List. Lastly, General Dynamics (GD) is on highs after being upgraded at Argus to a Buy with a price target of $225 per share.

Industrials: AAWW, ACM, AIT, ALLE, ARCB, ATKR, AVY, BECN, BXC, CBZ, CNHI, CTOS, CW, CWST, DCI, DE, DOV, DSX, EGLE, EMR, EPAC, ETN, EXPD, FDX, FSS, GATX, GD, GFF, HNI, HRI, HSC, HUBB, ITT, ITW, J, KELYA, KSU, LECO, MAS, MLI, MMM, MTW, NLSN, ODFL, PAYX, RTX, SBLK, SITE, SPXC, SSD, SWK, TT, TXT, UNP, UPS, URI, WIRE, WTS, XYL

Consumer Cyclical had the second largest presence on our 52-week highs, with 41 out of 272 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, increasing 0.7% so far on the day. Over the last month the Consumer Cyclical sector has underperformed the market, increasing 1.65% while the S&P increased 3.03%.

Abercrombie & Fitch (ANF) is on highs after being upgraded to Buy from Neutral at UBS. Chuy’s (CHUY) stock is on highs after beating earnings estimates yesterday afternoon, reporting $0.42 per share on estimates for $0.19 per share. Lastly, PVH (PVH) is on highs after being initiated at OTR Global as Positive.

Consumer Cyclical: AMCR, AN, ANF, ATR, BC, BERY, BKE, BWA, CAL, CCK, CHUY, CPRI, CROX, CTB, CVGI, DIN, FBHS, FL, GDEN, GPK, HBI, HD, HRB, LEG, LKQ, MHK, PAG, PKG, PVH, QRTEA, RL, RVLV, SBH, SHOO, TILE, TJX, TPH, TPR, WRK, WW, YETI

The Lists

The following stocks traded to 52-week highs:

AAWW, ABBV, ACHC, ACM, ACN, ACRE, ADM, ADTN, AGNC, AGRO, AIG, AIT, AJG, AKR, ALLE, ALLY, AMCR, AMG, AMH, AMN, AMP, AN, ANET, ANF, ANTM, AON, APO, ARCB, ARGO, ATH, ATKR, ATR, ATRC, AVID, AVY, AXGN, AXP, BAC, BBDC, BC, BCC, BECN, BEN, BERY, BG, BKD, BKE, BLK, BRK.B, BRO, BWA, BXC, CAL, CBRE, CBT, CBZ, CC, CCK, CEIX, CF, CHTR, CHUY, CI, CIM, CIO, CLF, CNHI, COF, COMM, CPRI, CPT, CROX, CRY, CSCO, CTB, CTOS, CTT, CVGI, CVS, CW, CWK, CWST, CYH, DCI, DE, DFS, DGX, DHR, DIN, DISH, DOV, DSX, DTE, DVA, DXC, EGLE, ELS, EMN, EMR, ENBL, EOG, EPAC, EPAM, EPC, ET, ETN, EVTC, EXLS, EXPD, FBHS, FDP, FDUS, FDX, FHI, FL, FRBK, FRT, FSS, GATX, GD, GDEN, GFF, GPK, GPRE, GS, HBI, HCA, HD, HHC, HNI, HPQ, HRB, HRI, HSC, HSIC, HSTM, HUBB, ICLR, IFF, IHRT, INOV, IPG, ITT, ITW, IVZ, J, JHG, JLL, JW.A, KDP, KELYA, KHC, KIDS, KKR, KOP, KRP, KSU, L, LAMR, LAND, LBRDK, LBTYA, LECO, LEG, LH, LIN, LKQ, LNDC, LNG, LXP, LYB, MAS, MD, MDLZ, MDU, MEI, MET, MHK, MLI, MMC, MMM, MMSI, MNR, MRC, MSI, MTW, MTX, NAVI, NCR, NDAQ, NFG, NLSN, NMRK, NOG, NTAP, NUE, NWL, NWSA, ODFL, OMC, OMP, ORI, PAG, PAYX, PDCO, PGR, PKG, PM, PRAH, PRFT, PVH, QRTEA, REG, RILY, RL, RPM, RS, RTX, RVLV, SBH, SBLK, SC, SCHN, SEM, SHOO, SITE, SLB, SLM, SPB, SPXC, SSD, STLD, SWK, SYF, SYY, TDS, TGT, THC, TILE, TJX, TMUS, TPH, TPR, TRGP, TROW, TROX, TRTX, TT, TTI, TW, TXT, UBA, UHS, UMH, UNH, UNP, UNVR, UPS, URI, VCTR, VRSN, WAT, WES, WIRE, WLTW, WRI, WRK, WTS, WW, XRAY, XYL, YETI

The following stocks traded to 52-week lows:

ATHX, AVRO, BYND, CCXI, ELOX, GPORQ, VAPO

The following ETFs traded to a 52-week high:

AFK, AMJ, CUT, DBA, DBB, DBC, DIA, DJP, DVY, EFA, EPOL, EPP, EWA, EWC, EWI, EWK, EWO, EWP, EWQ, EWU, EWW, EZU, FXC, GSG, IAI, IGE, IHF, IOO, IYF, IYJ, IYM, IYT, IYZ, JJC, JJG, KCE, KIE, MOO, OEF, PHO, PPA, RJA, RSX, RTH, SDY, SLX, SPY, URA, USCI, UYG, UYM, VGK, XHB, XLB, XLI, XLP, XLV, XME

The following ETFs traded to a 52-week low:

SMN, VXX

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