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Markets Fall Wednesday; Energy Stocks Lead 52-Week Highs

Wednesday, May 18, 2022 04:12 PM | Neal Farmer
Markets Fall Wednesday; Energy Stocks Lead 52-Week Highs

During trading Wednesday, 19 stocks traded to a 52-week high, while 142 stocks bottomed out at new 52-week lows. The S&P 500 is down 4.03% so far today while the Dow is down 3.56%, the Nasdaq is down 4.73%, and the Russell 2000 is down 3.7%.

Markets are sliding Wednesday following recent comments from Fed Chair Jerome Powell that the central bank won't hesitate to raise rates and tighten policy should high inflation continue. Earnings reports were mixed with Target (TGT) shares falling over 24% following its disappointing earnings report with profits falling as costs rise over inflation and supply chain issues continuing.

Sector Highlights

Energy stocks dominated our list of highs today with 9 out of the 19 total stocks that reached their high coming from the Energy sector. The Energy sector is outperforming the market, decreasing 3.59% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 0.77% while the S&P decreased 12.23%.

Energy stocks have the most highs Wednesday as the sector remains up over the past month despite falling over 3.5% today with Wednesday's performance actually doing better than the overall market.

Energy: DK, DVN, HES, INSW, PXD, SOI, TNK, VTNR, XOM,

The Consumer Cyclical sector makes up the majority of our 52-week lows, as 52 out of our 142 lows comes from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, decreasing 6.99% so far on the day. Over the last month, the Consumer Cyclical sector has underperformed the market, decreasing 22.99% while the S&P decreased 12.23%.

Cyclical stocks have the most lows today as the sector has fallen a staggering 7% and even more extreme 23% the last month of trading with investors having massive concerns over sustained inflation and the aggresive tightening of monetary policy being implemented to fight price pressures.

Consumer Cyclical: ABNB, AEO, AMBP, BBBY, BBWI, BBY, BGFV, CBRL, CHUY, CONN, CRI, CURV, DECK, DKS, DTC, EXPE, FIVE, HBI, JACK, JOAN, KIRK, KSS, KTB, LL, LOVE, LOW, LULU, LZB, MED, MGM, MNRO, OSTK, PLCE, PZZA, RH, RRR, RVLV, SBH, SCVL, SFT, SIG, SOND, TUEM, TUP, W, WOOF, WSM, WW, ZUMZ, BWMX, HOFT, KRUS,

The Lists

The following stocks traded to 52-week highs:

BIOT, BMY, CC, CTS, DHX, DK, DVN, GFF, HES, INSW, NTCT, PXD, SOI, TNK, TWI, UVV, VTNR, XOM, LCAP,

The following stocks traded to 52-week lows:

ABNB, ADCT, AEO, AKBA, AMBP, AME, ANAB, APEN, ATC, AVYA, AXDX, BBBY, BBWI, BBY, BGFV, BGS, BIG, BRDS, CBRL, CCOI, CHRS, CHUY, CONN, CRCT, CRI, CRIS, CUBE, CURV, CYH, DCOM, DECK, DKS, DMRC, DTC, ENDP, EXPE, FDMT, FIVE, FPH, GBDC, GOCO, HBI, HELE, HTGC, JACK, JOAN, KALV, KIRK, KNX,

The following ETFs traded to a 52-week high:

DIG, IXC, IYE, XLE,

The following ETFs traded to a 52-week low:

HYD, HYG, JNK, MUB, RTH, XRT,

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