During trading Wednesday, 29 stocks traded to a 52-week high, while 75 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.18% so far today while the Dow is up 0.05%, the Nasdaq is up 0.45%, and the Russell 2000 is up 0.67%.
Stocks are higher Wednesday afternoon. Cryptos are up.
Pending Home Sales declined 1%, better than estimates for a 3% drop. This followed a downwardly revised 8.9% plunge in home sales in June. Meanwhile, Durable Orders missed estimates for a 0.6% rise as it remained steady month-over-month.
Bed Bath & Beyond Inc (BBBY) is advancing 13% after the meme-stock secured a loan deal to raise cash. This followed news that suppliers were halting and/or suspending deliveries to the company due to late payments.
Meanwhile, Nordstrom, Inc. (JWN) is down 19.22% despite an earnings beat as the company issued downside full-year guidance. The company discouragingly disclosed that it is even struggling to sell clearance items, forcing the company to push prices lower and lower as consumers become "less responsive" to the high-end clothing retailer's efforts.
Sector Highlights
Healthcare stocks dominated our list of highs today with 11 out of the 29 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is underperforming the market, increasing 0.12% so far on the day. Over the last month, the Healthcare sector has underperformed the market, decreasing 0.5% while the S&P increased by 4.22%.
Healthcare: ADMA, ALT, AXSM, GOSS, PCVX, PRVA, RLMD, SRPT, SWAV, TCDA, TMDX
The Technology sector makes up the majority of our 52-week lows, as 18 out of our 75 lows come from the Technology sector. The Technology sector is underperforming the market today, decreasing 0.05% so far on the day. Over the last month, the Technology sector has outperformed the market, increasing 4.6% while the S&P increased by 4.22%.
Technology: AMPE, AMTI, ATHX, EBS, ELAN, FLGT, HGEN, IART, INVA, NEOG, OWLT, PETQ, SMFR, TFX, UPH
The Lists
The following stocks traded to 52-week highs:
ADMA, ALT, AXSM, CECE, CELH, CLFD, CLH, ELF, ET, GIS, GLNG, GOSS, HII, HSY, IEA, JWSM, LNG, MNTK, OXY, PAGP, PBFX, PCVX, PRVA, RLMD, SRPT, SWAV, TCDA, TMDX
The following stock recently reported earnings and is at a 52-week high:
The following stocks traded to 52-week lows:
AAT, AGFY, ALGT, AMPE, AMTI, ASTR, ATHX, AUD, BDN, BXP, QNGY, DCT, DEI, DOMA, EBS, ELAN, FLGT, FOA, FOR, FSLY, GCI, GDOT, BBAI, HBI, HGEN, HIW, HPP, IAC, IART, IDCC, IHS, ILPT, INTC, INVA, JELD, JWEL, LYLT, MHK, MMAT, MX, MYPS, NEOG, OB, ONL, OPAD, OPI, OPRT, OUST, OWLT, PBI, PDM, PEGA, PETQ, PRFT, PRO, QUOT, RGR, RKLY, RXT, SCSC, SMFR, BOXD, SWK, TASK, TFX, TPC, TREE, TREX, TRUE, UIS, UPH, VWE, VZ, WW, XELA
