During trading Thursday, 63 stocks traded to a 52-week high, while 1 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.87% so far today while the Dow is up 0.44%, the Nasdaq is up 1.44%, and the Russell 2000 is up 1.15%.
Markets are up to end the short trading week with major stock exchanges closed tomorrow in observance of Good Friday. Initial claims rose to 719,000 last week from 658,000 the previous week, analysts estimates were for 679,000 claims. ISM Manufacturing data showed an increase of 64.7% in March, beating out expectations of a 61.5% rise. Biden’s infrastructure plan received little support after its reveal yesterday afternoon.
Technology stocks dominated our list of highs today with 20 out of the 63 total stocks that reached their high coming from the Technology sector. The Technology sector is outperforming the market, increasing 1.71% so far on the day. Over the last month the Technology sector has underperformed the market, decreasing 1.64% while the S&P increased 4.24%.
Tech stocks have the most highs to end the short trading week as the sector is up big on the day leading major indices higher.
Technology: ACLS, AMAT, CAMT, CCMP, ENTG, FLIR, HPQ, ICHR, KLAC, LRCX, MKSI, NVMI, ON, ONTO, QRVO, STX, TDY, TRMB, TXN, UCTT,
Industrials had the second largest presence on our 52-week highs, with 15 out of 63 highs coming from the Industrials sector. The Industrials sector is underperforming the market today, increasing 0.21% so far on the day. Over the last month the Industrials sector has outperformed the market, increasing 8.82% while the S&P increased 4.24%.
Industrials continue to remain on the list as the sector is up nearly 9% over the past month with investors bullish on the economy reopening and returning to a new normal as vaccines are distributed at a growing rate.
Industrials: AYI, BBCP, BLDR, CNR, GVA, J, KELYA, KSU, LPX, MMS, ODFL, PWR, SAIA, WSC, WSO,
The following stocks traded to 52-week highs: ACLS, AMAT, AR, AYI, BBCP, BLDR, CAMT, CCMP, CLMT, CNR, CONN, CYH, DBI, ENTG, EXR, FLIR, FNKO, FTSI, GPRE, GVA, HD, HPQ, HRB, ICHR, INOV, J, KBH, KELYA, KKR, KLAC, KSU, LPX, LRCX, MHK, MHO, MKSI, MMC, MMS, NEOG, NVMI, ODFL, ON, ONTO, PRAH, PSA, PWR, QRVO, RJF, SAIA, SLM, SMG, STX, TDY, TRMB, TW, TXN, UCTT, UFPI, USAC, UTHR, WSC, WSO, WY
No stocks traded to a 52-week low today.
The following ETFs traded to a 52-week high: COW, EWG, EWN, EWS, EZU, IYJ, OEF, PHO, SPY
The following ETFs traded to a 52-week low: MBB, VXX