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Stocks Mixed Thursday; Finance Stocks Dominate Highs Ahead of Earnings Season

Thursday, January 13, 2022 02:20 PM | Neal Farmer
Stocks Mixed Thursday; Finance Stocks Dominate Highs Ahead of Earnings Season

During trading Thursday, 113 stocks traded to a 52-week high, while 211 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.45% so far today while the Dow is up 0.21%, the Nasdaq is down 1.49%, and the Russell 2000 is up 0.24%.

Stocks are mixed Thursday after uneven Producer Price Index (PPI) results. PPI for December rose 0.2%, below analysts estimates for a 0.4% jump. Despite the better than expected data core PPI rose slightly more than estimates with a 0.5% increase. The results were also soured by a 0.2% revision upwards for November data on both overall PPI and core PPI with each increasing 1.0% and 0.9% respectively. Meanwhile, initial unemployment claims rose from 207,000 to 230,000, underperforming estimates for a dip to 202,000 claims.

Sector Highlights

Financial Services stocks dominated our list of highs today with 62 out of the 113 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 0.32% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 7.53% while the S&P increased 0.72%.

Finance stocks have by far the most highs Thursday accounting for over a half of all stocks reaching a new 52-week peak as the sector is up over 7% the past month with the leading institutions set to report quarterly earnings tomorrow and next week.

Financial ServicesACBIACGLAELAFLAMPBANRBHLBBKBOKFBPOPBRK.BCFGCFRCGBDCMACNOBECPGEGBNENVAEQHEWBCFAFFCFFHBFITBFNBFNFFULTHAFCHWCKEYLMBIMCBMETMTBMTGNTRSOFGPACWPBCTPFBCPNCPNFPPRUSBNYSFBSSNVSTTTFCTOWNTSCUCBIUSBUVEVLYVOYAWAFDWFCWRBWSFSWTFC,

Energy had the second-largest presence on our 52-week highs, with 17 out of 113 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 0.45% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 14.43% while the S&P increased 0.72%.

Energy stocks have the second most highs Thursday as the sector is higher for the day and up a massive 14% the past month of trading.

EnergyAPAARLPBPMPCOPFANGHALHESLNGMPCMRONEXOASPSXPPXDSLBSUNWES,

The Lists

The following stocks traded to 52-week highs: ACBIACGLADMAELAEPAFLAIRCAMATAMPAMRAPAARLPBANRBGBHLBBKBOKFBPMPBPOPBRK.BBRXCBZCFGCFRCGBDCMACNOBCOPDELLECPGEGBNENVAEPCEQHEWBCFFAFFANGFCFFHBFITBFLOFNBFNFFULTHAFCHALHCCHES,

The following stocks traded to 52-week lows:

ABCLABOSACHRADGIADNADPTADTHADVMAEVAAFMDAGILAGLALDXALGSALHCALKTALLKALPPALTAMPEAMSCAMTIAOUTAPLTAPPNAQBASTSATHXATNXAURAVDXAVEOAWHAXDXBBAIBCABBDTXBEEMBHILBKKTBKSYBLBNGOBOLTBPMCBRDSBTXCANOCBAY,

The following ETFs traded to a 52-week high:

BALDIGDVYEWTEWUEWWIEOIGEIXCIYEIYFKBEKIEKREXLEXLF,

The following ETFs traded to a 52-week low:

XBI,

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