During trading Tuesday, 127 stocks traded to a 52-week high, while 37 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.43% so far today while the Dow is down 0.49%, the Nasdaq is down 0.66%, and the Russell 2000 is down 0.65%.
Stocks are lower Tuesday afternoon. Both PPI and core PPI for October were in-line with economist estimates, with PPI rising 0.6% following September's rise of 0.5% while the core numbers increased 0.4% in October following a 0.2% rise. Roblox (RBLX) is surging 33.43% despite missing earnings estimates after the company reported that revenues grew 102% during the third quarter. Lastly, EVgo (EVGO) is up 12.04% after the company expanded both its GM and Uber collaborations to build-out fast-charging infrastructure.
Sector Highlights
Technology stocks dominated our list of highs today with 34 out of the 127 total stocks that reached their high coming from the Technology sector. The Technology sector is outperforming the market, decreasing 0.42% so far on the day. Over the last month, the Technology sector has outperformed the market, increasing 10.07% while the S&P increased 6.86%.
New Relic (NEWR) is up 35.64% after the company beat earnings and revenue estimates while narrowing its loss and providing upside revenue guidance for both the fourth quarter and full-year 2022. NEWR provided downside guidance for both the fourth-quarter and full-year 2022.
Technology: AMBA, AMD, ANET, AOSL, APP, ASAN, BRKS, CALX, CDNS, CRM, DDOG, DOCN, FFIV, GLOB, HUBS, III, IONQ, MDB, MRVL, NEWR, NVDA, NVMI, NVTS, PANW, QCOM, S, SNPS, TEL, U, VCRA, VRSN, WDAY, XLNX, ZS
Industrials had the second-largest presence on our 52-week highs, with 25 out of 127 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, increasing 0.06% so far on the day. Over the last month, the Industrials sector has underperformed the market, increasing 5.8% while the S&P increased 6.86%.
Trex (TREX) is up 12.65% after the company topped earnings and revenue estimates while providing upside fourth-quarter revenue guidance. The company cited strong demand for its outdoor living repair and remodel sector, which is a huge positive for the report as the company recently announced an investment in expanding its Trex Residential outdoor living capacity via the construction of a manufacturing facility in Little Rock, Arkansas.
Industrials: AQUA, ASPN, AWI, AYI, CSL, EFX, ENVX, ETN, FSS, GE, HEI, IR, J, JBT, LEU, MEG, MLI, PH, SPXC, SSD, TGLS, TREX, UEC, WMS, WSC
The Lists
The following stocks traded to 52-week highs:
AEL, ALB, AMBA, AMD, ANET, AOSL, APP, APTS, AQUA, ARES, ARGO, ASAN, ASH, ASPN, AWI, AYI, AZO, BBY, BJ, BLK, BRKS, BRP, CALX, CARG, CASH, CCO, CDNS, CHH, CLMT, COR, COTY, CRM, CSL, DDOG, DMYQ, DOCN, ECPG, EFX, EGBN, ENVX, ETN, EYPT, F, FDS, FFIV, FOCS, FR, FSS, GCO
The following stocks traded to 52-week lows:
AKYA, ALXO, ATNX, BLUE, BRDS, CHGG, CSII, CSPR, CVAC, JRVR, KNDI, LFST, LTCH, MPLN, NVRO, NVTA, NXTC, OHI, ONTF, PBYI, RPAY, SDC, SGFY, SPIR, STNE, STRA, STTK, TCMD, TPIC, TRHC, TRVN, TSHA, TWOU, VITL, XMTR, ZBH, ZYME
The following ETFs traded to a 52-week high:
EWO, EWQ, EZU, IGV, SKYY, SMH, SOXX, TIP, URA, XHB, XLB, XLK, XRT
