During trading Wednesday, 20 stocks traded to a 52-week high, while 29 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.15% so far today while the Dow is down 0.46%, the Nasdaq is up 0.33%, and the Russell 2000 is down 0.64%.
Stocks are mostly lower Wednesday afternoon ahead of Fed Chair Jerome Powell's speech at 1:30 pm ET. Investors aren't expecting an overly hawkish or dovish Fed, but reiterations that hikes will persist in 2023.
ADP employment change showed the private sector add fewer jobs than expected. November saw 127,000 jobs added against estimates for 200,000 jobs. Meanwhile, Pending Home Sales fell 4.6%. This was lower than projections for a 5.2% drop but underscored housing market woes as high prices and high rates weigh on both buyers and sellers.
Crowdstrike Holdings Inc (CRWD) is down 19.6% following its earnings report. Despite CrowdStrike managing to top third-quarter estimates, the cybersecurity company let investors down with downside fourth-quarter revenue guidance that points to decelerating growth.
Workday Inc (WDAY) is up 12.67% after the company topped earnings estimates and announced a $500 million share repurchase program.
Sector Highlights
The Healthcare sector makes up the majority of our 52-week lows, as 10 out of our 29 lows comes from the Healthcare sector. The Healthcare sector is outperforming the market today, decreasing 0.02% so far on the day. Over the last month, the Healthcare sector has outperformed the market, increasing 2.08% while the S&P increased 1.45%.
Healthcare: AMEH, ANGO, BKD, EBS, EVFM, NKTR, PAHC, PRGO, RUBY, SIBN
The Lists
The following stocks traded to 52-week highs:
ACGL, AGO, AJRD, AKRO, BIIB, FLEX, GEO, HALO, LPG, MRK, PFGC, PRTA, RFP, RNR, SUPN, TMDX, UTHR
The following stocks recently reported earnings and are at a 52-week high:
The following stock is trading at a 52-week high ahead of an upcoming earnings report:
The following stocks traded to 52-week lows:
AAP, AMEH, ANGO, BKD, BRMK, CRWD, EBS, EVFM, FFIN, FFWM, FRBK, HBI, INSG, KTOS, LITE, NGL, NKTR, PAHC, PRGO, PRTY, RLGT, RUBY, SIBN, TTCF, UIS, XPER, ZM
The following stock recently reported earnings and is at a 52-week low:
The following stock is trading at a 52-week low ahead of an upcoming earnings report:
High & Low Streaks
The following stocks are trading at a 52-week low for the third consecutive day:
