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Tech and Healthcare Once Again Leads 52-Week Highs; Markets Inch Higher Tuesday

Tuesday, August 24, 2021 03:30 PM | Neal Farmer

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Tech and Healthcare Once Again Leads 52-Week Highs; Markets Inch Higher Tuesday

During trading Tuesday, 105 stocks traded to a 52-week high, while 14 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.3% so far today while the Dow is up 0.25%, the Nasdaq is up 0.61%, and the Russell 2000 is up 0.96%.

Markets are higher Tuesday as New Home Sales rose 2.0% to 708,000 homes from 676,000 last month, economists were expecting a smaller increase to 700,000 sales. Shares of Best Buy (BBY) are up nearly 10% after the firm crushed earnings and revenue projections for the quarter. Meanwhile, Advanced Auto Parts (AAP) shares ticked higher today after surpassing earnings estimates as well.

Sector Highlights

Technology stocks dominated our list of highs today with 37 out of the 105 total stocks that reached their high coming from the Technology sector. The Technology sector is underperforming the market, decreasing 0.04% so far on the day. Over the last month the Technology sector has outperformed the market, increasing 3.73% while the S&P increased 2.77%.

Tech stocks have the most highs Tuesday as the sector trades flat for the day but remains outperforming the market as a whole over the past month.

TechnologyADBEADSKALTRAPHBILLCDNSCLFDCSCODDOGDIODDSPGEVCMGLOBGRMNHUBSIIIINTUKEYSMIMEMPWRMRVLMXLNOWPANWPAYCPCTYPYCRRDWRSSNPSSPTSYNATEAMTRMBVICRZBRAZS,

Healthcare had the second largest presence on our 52-week highs, with 21 out of 105 highs coming from the Healthcare sector. The Healthcare sector is underperforming the market today, decreasing 0.17% so far on the day. Over the last month the Healthcare sector has outperformed the market, increasing 5.36% while the S&P increased 2.77%.

Healthcare stock reach the second most highs on Tuesday as the sector is up over 5% the past month with strong vaccine development and firms responding to the rise in delta variant cases.

HealthcareAAGENALGNAMNBRKRCLDXCOODOCSDVAXGLUEINMDINOVISEEMASIMDTMDXGMMSIOPCHRGENSTVNSWAV,

The Lists

The following stocks traded to 52-week highs: AACGLADBEADSKAGENALGNALTRAMNAMRAPHASPNBBWIBILLBLFYBRDGBRKRBXCBBCDNSCLDXCLFDCMOCMRECODICOOCPRICSCOCURVCWSTDACDDOGDIODDKSDOCSDOVDSPGDVAXETNEVCMFAFFIVEGLOBGLUEGOOGLGPKGRINGRMNGTLSHUBS,

The following stocks traded to 52-week lows:

AGCBBLICPBENRHAACHZONIPODKVSANSTBSNPRSPIRSVFATBPHXOS,

The following ETFs traded to a 52-week high:

EWNIGVIHIIWFIYZOEFPINQQQSPYVTIXLK,

No ETFs traded to a 52-week low today.

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