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Stocks Rise Tuesday Afternoon as Producer Prices Cool; Walmart, Home Depot Rise Following Earnings

Tuesday, November 15, 2022 03:27 PM | Nick Dey
Stocks Rise Tuesday Afternoon as Producer Prices Cool; Walmart, Home Depot Rise Following Earnings

During trading Tuesday, 26 stocks traded to a 52-week high, while 26 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.06% so far today while the Dow is up 0.3%, the Nasdaq is up 1.75%, and the Russell 2000 is up 1.72%.

Stocks remain higher Tuesday afternoon after paring gains as geopolitical uncertainty grew following a Russian missile that landed in Poland, killing two people.

Giving stocks their initial boost today was a better-than-expected Producer Price Index report. PPI rose 0.2% against estimates for a sharper 0.5% rise, while core prices remained unchanged against projections for a 0.4% rise. Encouragingly, unprocessed goods for intermediate demand plunged 11.7% month-over-month, while processed goods cooled by 0.2%.

Walmart Inc (WMT) is up 7.69% after a strong earnings report. The company topped estimates and raised its outlook as inventory issues improved. Additionally, Sam's Club, the company's Costco rival, saw comps surge 10%.

Lastly, Home Depot Inc (HD) is up 2.02% after topping estimates and reaffirming full-year 2023 earnings guidance. Despite inflation and a cooling housing market, Home Depot maintained strong home improvement demand.

Sector Highlights

Financial Services stocks dominated our list of highs today with 7 out of the 26 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, increasing 0.46% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 11.89% while the S&P increased 7.83%.

Financial Services: AAQC, ACII, AMAL, ASZ, AUS, CRU, EZPW

The Healthcare sector makes up the majority of our 52-week lows, as 15 out of our 26 lows comes from the Healthcare sector. The Healthcare sector is underperforming the market today, increasing 0.08% so far on the day. Over the last month, the Healthcare sector has underperformed the market, increasing 6.72% while the S&P increased 7.83%.

Healthcare: AVAH, HOWL, HUMA, JNCE, MASS, NEXI, NLTX, OCX, BIOR, SNCE, TIL, TOI, UPH, UTRS, VINC

The Lists

The following stocks traded to 52-week highs:

AAQC, ACII, ACM, ADMA, ADT, AEHR, AIN, AIT, AMAL, AMKR, ASZ, IRAA, AUS, BDC, BMI, CHX, CMI, CMPX, CRU, ELF, EOCW, ETD, EZPW, FANG

The following stock recently reported earnings and is at a 52-week high:

ARMK

The following stock is trading at a 52-week high ahead of an upcoming earnings report:

CHS

The following stocks traded to 52-week lows:

APPH, GBTG, AVAH, BRDS, ECVT, ENJYQ, HOWL, HUMA, JNCE, JWEL, MASS, NEXI, NLTX, NVVE, OCX, POWW, BIOR, SNCE, STRC, SWIM, TDS, TIL, TOI, UPH, UTRS, VINC

High & Low Streaks

The following stocks are trading at a 52-week high for the third consecutive day:

BDC, CMI, CRU, FANG

The following stock is trading at a 52-week high for the fourth consecutive day:

ACII

The following stocks are trading at a 52-week low for the third consecutive day:

OCX, TIL, UTRS, VINC

The following stock is trading at a 52-week low for the third consecutive day:

ENJYQ

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