"During trading Wednesday, 44 stocks traded to a 52-week high, while 38 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.99% so far today while the Dow is up 1.12%, the Nasdaq is up 0.8%, and the Russell 2000 is up 1.57%.
Stocks are higher Wednesday afternoon. Investors will be turning their attention to the Federal Reserve at 2 pm when the minutes from the latest FOMC meeting are released as investors try to find cues on when tapering asset purchases may begin. Additionally, Existing Home Sales for August showed the annual rate fall to 5.88 million homes from an annual rate of 6.00 million homes in July. Lastly, the Evergrande debt crisis took a turn for the better today after China took steps overnight to boost the liquidity situation while Evergrande reached an agreement with creditors
Sector Highlights
Consumer Cyclical stocks dominated our list of highs today with 10 out of the 44 total stocks that reached their high coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market, increasing 1.2% so far on the day. Over the last month, the Consumer Cyclical sector has outperformed the market, increasing 1.68% while the S&P decreased 1.97%.
AutoNation (AN) is up 4.04% to highs after the company appointed Mike Manley as CEO and as a member of its Board of Directors yesterday. Meanwhile, Tractor Supply (TSCO) is up 2.03% after announcing a partnership with PORTER-CABLE.
Consumer Cyclical: AN, AZO, BOOT, FND, GPI, ORLY, PAG, TA, TPX, TSCO
Industrials had the second-largest presence on our 52-week highs, with 9 out of 44 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, increasing 1.11% so far on the day. Over the last month, the Industrials sector has underperformed the market, decreasing 4.12% while the S&P decreased 1.97%.
Herc Holding (HRI) is up 5.41% after raising FY21 adjusted EBITDA guidance and providing targets for 2022.
Industrials: CVA, CVLG, CWST, HRI, JBT, KRNT, MEG, WIRE, WSC
The Lists
The following stocks traded to 52-week highs:
AMBA, AN, AON, AVTR, AZO, BBDC, BOOT, CIDM, CIO, CVA, CVLG, CWST, DDOG, FND, GPI, HRI, ICLR, INMD, JBT, KRNT, LAMR, LXU, MEG, NET, NOVT, OPRX, ORLY, PAG, PCTY, PDSB, PPC, RGEN, SPSC, TA, TASK, TGNA, TPX, TSCO, TWNK, UPST, VAL, VRS, WIRE, WSC
The following stocks traded to 52-week lows:
ACVA, AFIB, AMED, CDZI, COLD, CPNG, CSII, DLTR, EJH, FDX, FGEN, FREQ, GO, GRPH, HARP, HRL, INCY, INNV, INVZ, LHCG, LZ, MKTX, NUS, NXTC, OLLI, PLRX, POSH, QUOT, SBTX, SGFY, SMFR, TALK, TMC, TTWO, VFC, VRTX, WKHS, XMTR
