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Lows Outweigh Highs as Stocks, Cryptos Rise Thursday

Thursday, January 20, 2022 01:29 PM | Nick Dey
Lows Outweigh Highs as Stocks, Cryptos Rise Thursday

During trading Thursday, 16 stocks traded to a 52-week high, while 110 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.93% so far today while the Dow is up 0.73%, the Nasdaq is up 1.22%, and the Russell 2000 is up 1.41%.

Stocks and cryptos are rising Thursday afternoon. Initial Claims unexpectedly rose to a three-month high of 286,000 claims following the prior week's showing of 231,000 claims. Meanwhile, Existing Home Sales shrunk to an annualized rate of 6.18 million as unsold inventory fell to 1.8 months, which is the lowest since January 1999.

Sector Highlights

Energy stocks dominated our list of highs today with 5 out of the 16 total stocks that reached their high coming from the Energy sector. The Energy sector is outperforming the market, increasing 1.35% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 20.07% while the S&P decreased 1.9%.

Baker Hughs (BKR) is up 5%, despite missing earnings estimates, as revenues beat estimates and unexpectedly rose year-over-year.

Energy: BKR, CVX, PXD, WLL, XOM,

Financial Services had the second-largest presence on our 52-week highs, with 4 out of 16 highs coming from the Financial Services sector. The Financial Services sector is outperforming the market today, increasing 1.02% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 2.06% while the S&P decreased 1.9%.

Berkshire Hills Bancorp (BHLB) is up 5.96% after the company announced a $140 million share repurchase program. Meanwhile, CME Group (CME) is up 1.38% after being upgraded to Neutral from Sell at Rosenblatt, with a price target set at $254.

Financial Services: BHLB, CME, RE, TRV

The Lists

The following stocks traded to 52-week highs:

BDX, BHLB, BKR, CCK, CME, CVX, FE, INGR, PEP, PXD, RE, SEE, TRV, VRNT, WLL, XOM

The following stocks traded to 52-week lows:

ACIU, ADCT, ADTH, AGMH, AKA, ALVR, AMPS, AMSC, APLT, ARVL, ASXC, AUS, AVEO, AVTX, AWH, BALY, BCAB, BHG, BHIL, BIG, BKKT, BLUE, CAMP, CENN, CGNT, CHNG, CLNN, CNDA, COOK, COUR, CRDF, DCFC, DRIO, DS, DYN, EMBK, FBIO, FMTX, FTHM, FUV, FWRG, GBOX, GEVO, GRTS, GWH, HASI, HOWL, HRT, HYLN

The following ETFs traded to a 52-week high:

BNO, DBA, DBC, GSG, IGE, JJA, OIL, RJA, USCI, USO

The following ETFs traded to a 52-week low:

ENZL

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