During trading Monday, 162 stocks traded to a 52-week high, while 3 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.3% so far today while the Dow is down 0.74%, the Nasdaq is up 0.35%, and the Russell 2000 is down 0.45%.
Stocks are pulling back from record highs Monday morning. Investors are looking ahead today to a key Federal Reserve meeting later this week where it is expected that the Fed maintains course with bond purchases. Investors will be looking for any signs that scaled back stimulus measures are in the near future. Meanwhile, Enochian Biosciences (ENOB) is up 109% after the FDA accepted the company's Pre-IND (Investigational New Drug) request for a potential, functional HIV cure. Lastly, AMC (AMC) is up 15.53% today as retail investors refuse to let the meme stock's elevated valuation fall back to earth.
Sector Highlights
Energy stocks dominated our list of highs today with 36 out of the 162 total stocks that reached their high coming from the Energy sector. The Energy sector is underperforming the market, decreasing 1.01% so far on the day. Over the last month the Energy sector has outperformed the market, increasing 2.23% while the S&P increased 1.41%.
Hess Midstream Partners (HESM) is on highs after being initiated at Goldman as a Buy with a price target of $30 per share. Meanwhile, EnLink Midstream (ENLC) is on highs after the company was upgraded to Outperform from market Perform at Raymond James.
Energy: AM, AMPY, AR, BCEI, BPMP, BRY, BTU, CDEV, CEQP, CLR, DCP, ENBL, ENLC, EPD, EPM, EQT, ET, FLMN, HESM, HP, MGY, MPLX, MTDR, NESR, OKE, OMP, PAA, PAGP, PDCE, RTLR, SUN, TALO, TK, TTI, VVV, WHD
Real Estate had the second largest presence on our 52-week highs, with 33 out of 162 highs coming from the Real Estate sector. The Real Estate sector is outperforming the market today, increasing 0.09% so far on the day. Over the last month the Real Estate sector has outperformed the market, increasing 6.77% while the S&P increased 1.41%.
Welltower (WELL) is on highs after being upgraded at Evercore ISI to Outperform from in-line with a price target of $86 per share. Meanwhile, Piper Sandler upgraded Hudson Pacific Properties (HPP) to Overweight from Neutral with a price tartet raise to $36 per share. Lastly, Boston Properties (BXP) was upgraded at Piper Sandler to Overweight from Neutral, with a price target of $135 per share.
Real Estate: ACRE, AIV, APLE, ARI, BRMK, BXP, CUBE, CUZ, EPRT, FRT, GMRE, GOOD, GTY, HIW, HPP, IRT, JBGS, KRC, KREF, LSI, NSA, OFC, PDM, PEAK, PMT, RVI, RWT, SITC, STAG, STWD, TRNO, VTR, WELL
The Lists
The following stocks traded to 52-week highs:
A, ACHC, ACRE, ADBE, ADI, AGRO, AIV, ALKS, ALLT, AM, AMEH, AMPY, APLE, APLS, AR, ARI, ATRO, AWI, BCEI, BKD, BPMP, BRKR, BRMK, BRY, BTU, BX, BXP, CAR, CCRN, CDEV, CEQP, CHH, CLR, CMRE, CNP, COMM, CRL, CROX, CUBE, CUZ, DCP, DKS, DRNA, DS, DSX, DT, DXC, DZSI, ECPG
The following stocks traded to 52-week lows:
The following ETFs traded to a 52-week high:
