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Stocks Creep Higher Friday as Oil Futures Flip into Contango

Friday, November 18, 2022 02:59 PM | Nick Dey

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Stocks Creep Higher Friday as Oil Futures Flip into Contango

During trading Friday, 61 stocks traded to a 52-week high, while 64 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.03% so far today while the Dow is up 0.18%, the Nasdaq is down 0.48%, and the Russell 2000 is up 0.28%.

Stocks are mostly higher Friday. Oil futures are falling as physical demand slows and spreads flipped into contango, signaling oversupply.

Existing Home Sales were better than expected, falling to an annualized rate of 4.43 million homes sold in October from September's rate of 4.71 million.

Ross Stores, Inc. (ROST) is rising 8.86% and Foot Locker, Inc. (FL) is up 7.35% following earnings and revenue beats, as well as upside guidance. Meanwhile, Applied Materials, Inc. (AMAT) is rising 0.06% after the semiconductor company topped estimates and raised its outlook.

Sector Highlights

Financial Services stocks dominated our list of highs today with 22 out of the 61 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 0.43% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 13.12% while the S&P increased 10.14%.

Financial Services: ACII, AFL, BSKY, COLI, CRU, FCAX, FRW, FSNB, HLAH, HTBK, JOFF, KAHC, LCA, LGV, MET, OSBC, SLAC, SLAM, SWET, TBCP, TSPQ, ZWRK

The Healthcare sector makes up the majority of our 52-week lows, as 31 out of our 64 lows come from the Healthcare sector. The Healthcare sector is outperforming the market today, increasing 0.86% so far on the day. Over the last month, the Healthcare sector has underperformed the market, increasing by 7.36% while the S&P increased by 10.14%.

Healthcare: ABSI, AMEH, APYX, ATIP, BVS, CANO, EBS, GRNA, EYPT, HARP, HOWL, IMUX, IOVA, JNCE, KRON, MASS, NEXI, NOTV, NUVB, PIRS, PYXS, QTNT, SDGR, SMFR, SNCE, STOK, TIL, TNXP, UPH, UTRS, VINC

The Lists

The following stocks traded to 52-week highs:

ACII, AFL, AIT, AJRD, ALSN, AMKR, ASPS, AXON, BMI, BSKY, COLI, CRU, DHT, ELF, EME, EXTR, FCAX, FIX, FN, FRW, FSLR, FSNB, FSS, GEO, GFF, GXII, HLAH, HTBK, IBM, JOFF, KAHC, LCA, LGV, MET, MGPI, MRK, NAT, NJR, OSBC, PCAR, PFGC, POST, PWR, R, RFP, RMGC, RYAM, SLAC, SLAM, SLGN, SWET, TBCP, THR, TJX, TR, TSPQ, VMI, VSH, ZWRK, ZYXI

The following stock is trading at a 52-week high ahead of an upcoming earnings report:

CHS

The following stocks traded to 52-week lows:

ABSI, AMEH, AMSWA, ANY, APYX, ARCE, ATIP, RENT, BODY, BRDS, BRMK, BVS, CANO, CLSK, CSTE, DS, EBON, EBS, PGY, ENJYQ, GRNA, EYPT, FFIE, FUV, GREE, HARP, HIPO, HOWL, IMUX, IOVA, JNCE, KRON, LAW, LOCL, LILM, LYV, MKFG, ML, NEXI, NOTV, NUVB, PIRS, PYXS, QTNT, RKLY, RMBL, SDGR, SI, SMFR, SNCE, SWIM, TNXP, VCSA, TSLA, UPH, UTRS, VINC, ZEV

The following stocks recently reported earnings and are at a 52-week low:

AAP, BV, MASS, STOK, TIL, TTCF

High & Low Streaks

The following stocks are trading at a 52-week high for the third consecutive day:

BSKY, DHT, FCAX, FSLR, KAHC, LGV, OSBC, RYAM, SLAC, SLAM, TR, TSPQ

The following stock is trading at a 52-week high for the fourth consecutive day:

ELF

The following stocks are trading at a 52-week low for the third consecutive day:

AAP, APYX, ATIP, CLSK, CSTE, DS, EYPT, FUV

The following stock is trading at a 52-week low for the third consecutive day:

HOWL

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