During trading Tuesday, 48 stocks traded to a 52-week high, while 62 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.79% so far today while the Dow is up 0.38%, the Nasdaq is up 1.32%, and the Russell 2000 is up 0.95%.
Stocks are higher Tuesday along with cryptos after a rough past few days of trading following the Santa Claus rally. Fed Chair Jerome Powell has recently stated that the central bank will prevent inflation from becoming entrenched but released no specific details on how. Meanwhile, Kansas City Fed President Esther George favored reducing the Fed’s balance sheet early on during the tightening of policy while Atlanta President Raphael Bostic said rates may need to rise as early as March.
Energy stocks dominated our list of highs today with 19 out of the 48 total stocks that reached their high coming from the Energy sector. The Energy sector is outperforming the market, increasing 2.98% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 5.38% while the S&P remained flat at 0%.
Energy stocks have the most highs Tuesday as the sector is up big on the day gaining nearly 3% to bring its monthly move over a 5% gain.
Financial Services had the second-largest presence on our 52-week highs, with 16 out of 48 highs coming from the Financial Services sector. The Financial Services sector is underperforming the market today, increasing 0.5% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 1.32% while the S&P has remained flat. .
Finance stocks have the second most highs today with the sector gaining ground ahead of earnings season as many of the leading institutions are set to report on Friday this week.
The following stocks traded to 52-week highs: ABC, AEL, AFL, AMPH, APA, BBW, BPMP, BRX, CATY, COP, CQP, CVS, CVX, DELL, DTM, EOG, EQT, FCF, FNF, GWB, JNPR, JXN, KOS, KR, LPLA, LQDA, MCK, MPC, MRO, NEX, NTRS, OCSL, OFG, PBT, PGR, PSXP, PXD, SCHW, SFM, SUN, THRM, UVE, VAL, VORB, WBS, WLL, WTFC, XOM,
The following stocks traded to 52-week lows:
ABOS, ADN, AKA, AKTS, ALPP, AQB, ASTR, AUR, AVO, AVTX, BBBY, BF.B, BOWL, BRDS, BZFD, CAMP, CDZI, CIFR, CWAN, CZOO, DOMA, EMBK, EOSE, ERAS, EVLO, EYE, GMII, HLGN, HOWL, HYLN, JSPR, KOD, LIDR, NAKD, OMIC, OPAD, OWLT, PACB, PETZ, PHAT, RBOT, RCEL, SHPW, SPIR, SYRS, TALK, TIL, TLMD, TLSA,
The following ETFs traded to a 52-week high:
The following ETFs traded to a 52-week low: