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Intuit Rallies on Earnings, Oil Declines; Stocks Lower Friday Afternoon

Friday, November 19, 2021 02:14 PM | Nick Dey

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Intuit Rallies on Earnings, Oil Declines; Stocks Lower Friday Afternoon

During trading Friday, 63 stocks traded to a 52-week high, while 67 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.01% so far today while the Dow is down 0.65%, the Nasdaq is up 0.45%, and the Russell 2000 is down 0.75%.

Stocks are mostly lower Friday afternoon. Shares in Oil & Gas companies are lower this afternoon as the price of oil continues to decline following China's announcement that it plans to dip into oil reserves. Meanwhile, Intuit (INTU) is up 9.07% after the company beat earnings and revenue estimates, while providing upside guidance for the company's second-quarter and full-year 2022. Helping the company's strong report was a 22% year-over-year increase in revenues from the Small Businesses and Self-Employed Group and its December 2020 acquisition of Credit Karma which delivered $418 million in revenues this quarter driven by strength in personal loan and credit cards, as well as auto and home loans.

Sector Highlights

Technology stocks dominated our list of highs today with 22 out of the 63 total stocks that reached their high coming from the Technology sector. The Technology sector is outperforming the market, increasing 0.84% so far on the day. Over the last month, the Technology sector has outperformed the market, increasing 8.95% while the S&P increased 5.21%.

Technology: AAPL, ADBE, ADI, CDNS, CYBR, ENPH, EXTR, HLIT, INTU, KEYS, KLAC, KN, MSFT, MSI, MXL, NUAN, NVDA, RMBS, SNPS, SYNA, VRSN, ZS

Consumer Cyclical had the second-largest presence on our 52-week highs, with 10 out of 63 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, increasing 0.4% so far on the day. Over the last month, the Consumer Cyclical sector has outperformed the market, increasing 10.96% while the S&P increased 5.21%.

Consumer Cyclical: BKE, CSV, HD, LEN, MOV, MTH, POOL, RVLV, TMHC, TPH

The Lists

The following stocks traded to 52-week highs:

AAPL, ADBE, ADI, ADP, ATKR, AWR, BJ, BKE, BX, CDNS, CHD, COST, CSV, CWT, CYBR, DLTR, DOV, ENPH, ERII, EVA, EXR, EXTR, FAF, FCN, FELE, FR, GOOGL, HD, HLIT, INTU, IQV, IRT, JCI, KEYS, KLAC, KN, LEN, LRN, LXP, MCK, MEDP, MOV, MSFT, MSI, MTH, MXL, NEE, NUAN, NVDA

The following stocks traded to 52-week lows:

ADPT, AHT, ALBO, ARDX, ATHX, AVRO, AXDX, AXGN, BFAM, CDLX, CDZI, CGEN, CLVS, CMPR, CRBP, CRSP, CRY, CSII, DHC, DRQ, EAT, EPZM, EVFM, FIXX, FLS, FRPT, INT, ITRI, KELYA, LOCO, LPSN, MANT, MGNX, MKTX, MODN, NVRO, NVTA, ODT, OLED, OTRK, PAGS, PENN, PGEN, PHAS, PQG, PRLB, PSNL, RFL, RYTM

The following ETFs traded to a 52-week high:

ITB, IWF, JO, PHO, QQQ, RTH, SMH, SOXX, XHB, XLK

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