During trading Wednesday, 65 stocks traded to a 52-week high, while 28 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.94% so far today while the Dow is up 1.48%, the Nasdaq is up 2.58%, and the Russell 2000 is up 2.66%.
Stocks are rallying Wednesday after consumer prices came in better than expected. Cryptos are rallying, with Ethereum leading the march, rising 8.12%.
Headline Consumer Price Index rose by 0.3% in July, slower than expectations for 0.5% and June's reading of 0.7%. Core prices were unchanged against estimates for a rise of 0.2% and following June's 1.3% jump. The peak inflation narrative was dealt a win as headline consumer prices fell to a yearly pace of 8.5% from 9.1%, while the core reading remained unchanged, up 5.9% since last year. The food index jumped 1.1%, while energy declined 4.6%.
Trade Desk Inc (TTD) is up 34.99% after the company topped revenue estimates and met earnings estimates. The Trade Desk is surging due to it bucking the trend of depressed online ad sales as shown through a 35% rise in sales and upside third-quarter revenue guidance.
Meanwhile, Plug Power Inc (PLUG) is up 15.36% is higher despite the company missing earnings and revenue estimates and providing in-line guidance. The bullish sentiment likely stems from the climate bill passed in the Senate earlier in the week and the swarm of raised price targets that followed.
Sector Highlights
Industrials stocks dominated our list of highs today with 16 out of the 65 total stocks that reached their high coming from the Industrials sector. The Industrials sector is outperforming the market, increasing 2.49% so far on the day. Over the last month, the Industrials sector has outperformed the market, increasing 8.83% while the S&P increased 5.72%.
Industrials: AAWW, ACA, ADP, CECE, CSL, DY, GTLS, GWW, HEI, HWM, HXL, MLI, MRTN, ROLL, WM, WMS
The Healthcare sector makes up the majority of our 52-week lows, as 11 out of our 28 lows comes from the Healthcare sector. The Healthcare sector is underperforming the market today, increasing 0.65% so far on the day. Over the last month, the Healthcare sector has underperformed the market, increasing 0.36% while the S&P increased 5.72%.
Healthcare: AMPE, AMTI, BBLN, AZTA, EGRX, HGEN, OMIC, OPRX, PETQ, PIRS, QTNT
The Lists
The following stocks traded to 52-week highs:
AAWW, ACA, ACT, ADP, AIV, BANF, BF.B, CECE, CEIX, CLFD, COGT, CPRX, CSL, CTS, DHT, DY, EXLS, EZPW, FOLD, GEF, GIS, GOAC, GPC, GPK, GTLS, GWW, HAE, HEI, HRB, HWM, HXL, INSW, JKHY, KDP, KRUS, LNG, LPLA, LTC, MCK, MLI, MOD, MRTN, NFE, NXST, OTTR, RFP, ROLL, RYAN, SAIL, SMCI, STNG, SWAV, TBCP, THS, TMUS, VICI, WM, WMS, WWE, XENE, QBTS
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:
ACEL, ADV, AMPE, AMTI, ARGO, BBLN, AZTA, CRNC, EGRX, EMKR, ENJYQ, FOA, BBAI, HGEN, MAPS, MYPS, OPRX, PETQ, PIRS, PLBY, QTNT, REKR, RXT, VWE, XELA
The following stocks recently reported earnings and are at a 52-week low:
The following stock is trading at a 52-week low ahead of an upcoming earnings report:
