During trading Monday, 63 stocks traded to a 52-week high, while 5 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.15% so far today while the Dow is up 0.06%, the Nasdaq is down 0.2%, and the Russell 2000 is up 0.87%.
Stocks are mixed Monday afternoon. Bitcoin and Ethereum are 3.37% and 3.33% higher, respectively.
Stocks rallied early in the day on the passing of the Inflation Reduction Act by the Senate. The bill, which contains tax, climate, and healthcare elements, has rallied electric vehicle and energy stocks.
Bed Bath & Beyond Inc (BBBY) is up 36.02% as it enters the second day of a WallStreetBets-led short-squeeze. Former meme stock favorites are rallying today as well. GameStop Corp. (GME) is up 7.75% and AMC Entertainment Holdings Inc (AMC) is rising 7.48%.
Lastly, NVIDIA Corporation (NVDA) is declining 7.56% despite an earnings and revenue beat as in line guidance marred the report. NVIDIA attributed the lowered guidance to lower than expected video game revenues.
Sector Highlights
Healthcare stocks dominated our list of highs today with 20 out of the 63 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is outperforming the market, increasing 0.18% so far on the day. Over the last month, the Healthcare sector has underperformed the market, decreasing 1.23% while the S&P increased 8.36%.
Healthcare: ALNY, BMRN, COGT, CPRX, CYTK, DSGN, IONS, KRTX, LNTH, MCK, MIRM, PRVA, PTCT, RYTM, SIGA, SLP, SRPT, TMDX, VRTX, XENE
Industrials had the second-largest presence on our 52-week highs, with 13 out of 63 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, decreasing 0.07% so far on the day. Over the last month, the Industrials sector has outperformed the market, increasing 9.09% while the S&P increased 8.36%.
Industrials: ACA, ADP, CECE, CSL, FC, GTLS, GWW, HEI, MLI, MRTN, WM, WMS, WSC
The Lists
The following stocks traded to 52-week highs:
ACT, ADP, ALNY, AZPN, BCOR, BOAC, CECE, CLFD, COGT, CPRX, CSL, CYTK, DHT, DSGN, ELF, ENPH, EXLS, FC, GOAC, GTLS, GWW, HEI, HIII, IMXI, INSW, IONS, JKHY, KRTX, KRUS, LNG, LNTH, MCK, MGPI, MIRM, MLI, MOD, MRTN, NFE, POST, PRVA, PTCT, RYAN, RYTM, SAIL, SIGA, SLP, SMCI, SNPS, SRPT, THS, TMDX, TMUS, VICI, WM, WMS, WSC, XENE
The following stocks recently reported earnings and are at a 52-week high:
The following stocks are trading at a 52-week high ahead of an upcoming earnings report:
The following stocks traded to 52-week lows:
