Markets Dip Thursday as Initial Claims Rise

Thursday, February 18, 2021 3:02 PM | Neal Farmer

During trading Thursday, 54 stocks traded to a 52-week high, while 1 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.48% so far today while the Dow is down 0.31% and the Nasdaq is down 0.76%. Markets are down Thursday as initial claims rose to 861,000 last week, up from 793,000. Analysts expected a decline to 775,000. Continuing claims dipped from 4.56 million to 4.49 million. Oil prices are up as around 40% of U.S. oil production has been halted due to the temperatures and power outage in Texas.

The following stocks traded to 52-week highs: ACIA, AGYS, AIN, ALGT, ATRS, AVNS, BCEI, BCOV, BOOM, CAI, CBMG, CBZ, CNX, CTB, CUTR, DISCA, ENDP, FCX, FOCS, FTNT, GNRC, GPRE, IDXX, IMAX, JCI, JPM, JW.A, KHC, LAND, LASR, LOPE, MX, NDAQ, NFG, PBT, PRTA, PSEC, RAVN, RHI, RIGL, SCCO, SGH, SNBR, SSTK, TBK, TCS, TDY, TGH, TWLO, UIS, VIAC, WIX, WK, WOW

The following stocks traded to 52-week lows: QURE

The following ETFs traded to a 52-week high: BAL, DBB, DBC, DJP, FXB, JJC, RJA, SGG, USCI

The following ETFs traded to a 52-week low: TLH

Technology: ACIA, AGYS, BCOV, FTNT, LASR, MX, SGH, TDY, UIS, WIX, WK

Technology stocks dominated our list of highs today with 11 out of the 54 total stocks that reached their high coming from the Technology sector. The Technology sector is underperforming the market, decreasing -0.79% so far on the day. Over the last month the Technology sector has outperformed the market, increasing 7.2% while the S&P increased 4.33%. Wix (WIX) hit a new high following reporting better than expected fourth quarter earnings with an EPS of -0.03 compared to estimates of -0.11.

Healthcare: ATRS, AVNS, CBMG, CUTR, ENDP, IDXX, PRTA, RIGL

The Healthcare sector had the second largest presence on our 52-week highs, with 8 out of 54 highs coming from the Healthcare sector. The Healthcare sector is outperforming the market today, decreasing -0.43% so far on the day. Over the last month the Healthcare sector has underperformed the market, decreasing 0.47% while the S&P increased 4.33%. Healthcare stocks have the second most highs despite the sector being down over the past month in which markets are up over 4% on the whole.

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