Tech Stocks Lead Thursday's Highs; CDC Urges Citizens to Avoid Traveling for Thanksgiving

Thursday, November 19, 2020 2:23 PM | Neal Farmer

During trading Thursday, 49 stocks traded to a 52-week high, while 4 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.08% on the day so far Markets are mixed today with initial claims from last week rising to 747,000, marking the first time since October 10th that claims has increased. AstraZeneca and the University of Oxford confirmed their vaccine has had stronger immune responses in the older individuals. The CDC released new guidance urging people to avoid traveling for Thanksgiving.

The following stocks traded to 52-week highs: ACIA, AGYS, AOSL, APPN, ATRA, ATUS, BALY, BERY, BMCH, CDAY, CLGX, CORT, CREE, CVGI, ENPH, FICO, FOSL, GLIBA, GTLS, HVT, IIVI, JACK, KLIC, KNSL, LB, LBRDK, LPX, MAT, MGNI, NUAN, PAR, PCRX, QTWO, RCKT, RPD, SONO, SPSC, SSNC, STNE, TGT, TRUP, TSLA, TUP, TWST, UPWK, VC, VCYT, YUMC, ZEN

The following Stocks traded to 52-week lows: CHKAQ, MNKKQ, NEBLQ, PACDQ

The following ETFs traded to a 52-week high: DBB, PBD, PBW

The following ETFs traded to a 52-week low: None

Technology: ACIA, AGYS, AOSL, APPN, CDAY, CLGX, CREE, ENPH, FICO, IIVI, KLIC, NUAN, PAR, QTWO, RPD, SONO, SPSC, SSNC, STNE, ZEN

Technology stocks dominated our list of highs today with 20 out of the 49 total stocks that reached their high coming from the Technology sector. The Technology sector is outperforming the market, increasing 0.62% so far on the day. Over the last month the Technology sector Tech is leading all sectors today with the most highs as the tech-heavy NASDAQ is outperforming the other major indices. Investors seem to be betting on quarantine stocks once again with cases continuing to soar recently and more states further enforcing shutdown measures.

Consumer Cyclical: BALY, BERY, CVGI, FOSL, HVT, JACK, LB, MAT, TSLA, TUP, VC, YUMC

The Consumer Cyclical sector had the second largest presence on our 52-week highs, with 12 out of 49 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, increasing 0.27% so far on the day. Over the last month the Consumer Cyclical sector has underperformed the market, decreasing 1.1% while the S&P increased 2.41%. Consumer cyclical is one of the few sectors up today along with technology. Tesla (TSLA) is probably the most notable to hit their high as the stock keeps growing at a rapid pace following the news it will be joining the S&P 500.

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