During trading Thursday, 119 stocks traded to a 52-week high, while 175 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.26% so far today while the Dow is down 0.11%, the Nasdaq is up 0.28%, and the Russell 2000 is down 0.59%.
Stocks are mixed Thursday with tech and cyclical stocks driving the market higher so far. Initial claims came in above estimates with it only dropping from 269,000 to 268,000 claims while that 269,000 was revised from its 267,000 claims reading the previous week. Meanwhile, continuing claims came in at 2.08 million. Finally, Nvidia (NVDA) shares are up 8% after the tech company surpassed earnings estimates and raised its fourth quarter guidance. The beat in revenue came despite crypto mining equipment sales falling 60%.
Sector Highlights
Technology stocks dominated our list of highs today with 26 out of the 119 total stocks that reached their high coming from the Technology sector. The Technology sector is outperforming the market, increasing 0.87% so far on the day. Over the last month the Technology sector has outperformed the market, increasing 7.14% while the S&P increased 4.8%.
Tech stocks have the most highs Thursday evening as it and consumer cyclical are the only sectors higher today as the overall market is mixed due to tech rising significantly.
Technology: ADI, AMD, AVGO, ENTG, EXTR, FFIV, GFS, IONQ, KEYS, KLAC, MIME, MRVL, MSI, MTSI, MXL, NET, NUAN, NVDA, ON, QCOM, RMBS, SNPO, SWCH, SYNA, XLNX, ZS,
Consumer Cyclical had the second largest presence on our 52-week highs, with 23 out of 119 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, increasing 0.9% so far on the day. Over the last month the Consumer Cyclical sector has outperformed the market, increasing 9.59% while the S&P increased 4.8%.
Cyclical stocks have the second most highs today as the sector is up nearly 1% on the day and has significantly outperformed the market over the past month with it rising nearly 10% in that time.
Consumer Cyclical: ASO, BBWI, BKE, BOOT, DDS, GCO, GM, HD, HLLY, JWEL, LEN, LKQ, M, MOV, PACK, PLCE, RUSHA, RVLV, SCVL, SIG, SKY, TLYS, ZUMZ,
The Lists
The following stocks traded to 52-week highs: ADI, ADP, AMD, AQUA, ARES, ASO, ASPN, ATKR, AVGO, AVNT, BBWI, BJ, BKE, BLDR, BLFY, BOOT, BRDG, BX, BXC, CF, CMTG, CNC, CWEN, DDS, DRE, DXCM, ENTG, EXR, EXTR, EZPW, FAF, FCN, FDS, FFIV, FR, FSII, FWONA, FYBR, GCO, GFS, GIG, GM, GXO, HAYW, HD, HLLY, HTA, INOV, IONQ,
The following stocks traded to 52-week lows:
ACCD, AI, AKTS, AKUS, ALBO, AMWL, ANNX, AQB, ATAI, ATNX, ATVI, AVIR, AVPT, AVRO, AXGN, BAND, BARK, BDSI, BDTX, BFAM, BHG, BNFT, BODY, BOLT, BRDS, BWXT, CAG, CDK, CDNA, CDZI, CGEM, CGEN, CHGG, CLOV, CLVS, CMP, CMPR, COMP.EQ, COOK, CRSP, CRY, CSII, CTSO, CTXS, DCPH, DCT, DKNG, DRRX, DSEY,
The following ETFs traded to a 52-week high:
DBA, EWT, IOO, ITB, IWF, JO, QQQ, RJA, RTH, SMH, SOXX, XHB, XLK,
The following ETFs traded to a 52-week low:
