Techs, Financials Lead New Highs

Friday, February 19, 2021 2:25 PM | Nick Dey

During trading Friday, 192 stocks traded to a 52-week high, while 0 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.04% so far today while the Dow is up 0.2% and the Nasdaq is up 0.22%. Stocks turned mixed Friday afternoon after starting the day off with a widespread rise. Meanwhile, restored power in Texas is providing oil markets a breath of fresh air as Texas oil production resumes.

The following stocks traded to 52-week highs: ABCB, ABM, ABR, ADI, AGYS, ALGT, AMAT, AMBA, AMP, ANET, ANF, ATCO, ATEC, AVGO, BCOV, BKNG, BLMN, BPFH, BXC, CAI, CAMT, CASA, CAT, CATY, CBRE, CDW, CFX, CHH, CLGX, CMBM, CNHI, CNX, COLB, COO, COUP, COWN, CROX, CSWC, CTB, CTVA, CVNA, DE, DELL, DIOD, DISCA, DRI, EAT, EGOV, EMN, ENVA, EOLS, EQH, ESTA, EVBG, EXP, EXPE, FARO, FBNC, FCX, FFIN, FIBK, FITB, FIVN, FOCS, FRTA, FTCH, FTNT, GCO, GLOB, GOOS, GPRE, GS, GSHD, HBAN, HGV, HLNE, HLT, HMST, HRI, HUBS, ICHR, INDB, ITCI, JCI, JPM, JW.A, KFY, KIDS, KRA, KRNT, KRYS, KSS, LASR, LBTYA, LEVI, LPX, LSTR, LYFT, LYV, MAT, MLM, MMYT, MNRO, MTN, MU, MYGN, NDAQ, NTAP, NVMI, ONTO, PANW, PAR, PATK, PBT, PNFP, PSEC, PTC, QTRX, RAVN, REZI, RHI, RJF, RMBS, ROLL, SBCF, SCCO, SCHW, SCPL, SEAS, SFBS, SFNC, SGH, SIVB, SIX, SNA, SNAP, SSP, SSTK, STAA, STC, SUM, SWM, TBK, TCBI, TCF, TCS, TDY, TEAM, TFC, TGH, THRM, TMDX, TNL, TPC, TRIP, TROX, TRS, TSCO, TSE, TW, TWTR, TYL, UCBI, UCTT, VECO, VIAC, VMI, WAL, WBT, WDC, WH, WIX, WK, WOR, ZBRA, ZIXI, ZNGA ALG, CSWI, HAYN, IIIN, KALU, KFRC, KWR, LNN, MGIC, MMI, PTVCB, RFL, ROG, SXI, UHAL

No stocks traded to a 52-week low today.

The following ETFs traded to a 52-week high: BAL, CHN, DBA, DBB, DBC, DJP, EPU, EWT, FXA, FXB, FXC, IAI, IYG, IYT, JJC, KBE, KRE, MOO, SGG, USCI, XLF, XLI

The following ETFs traded to a 52-week low: TLH

Technology: ADI, AGYS, AMAT, AMBA, ANET, AVGO, BCOV, CAMT, CASA, CDW, CLGX, CMBM, COUP, DELL, DIOD, EGOV, EVBG, FARO, FIVN, FTNT, GLOB, HUBS, ICHR, LASR, LYFT, MU, NTAP, NVMI, ONTO, PANW, PAR, PTC, RMBS, SGH, TDY, TEAM, TYL, UCTT, VECO, WDC, WIX, WK, ZBRA, ZIXI, MGIC, ROG

Technology stocks dominated our list of highs today with 46 out of the 192 total stocks that reached their high coming from the Technology sector. The Technology sector is underperforming the market, decreasing -0.48% so far on the day. Over the last month the Technology sector has outperformed the market, increasing 6.71% while the S&P increased 3.87%. Applied Materials (AMAT) reached highs today after beating earnings estimates yesterday afternoon, reporting $1.39 per share on estimates for $1.28 per share. Meanwhile, Arista Networks (ANET) reached highs after beating Quarter 4 estimates yesterday afternoon and issuing Quarter 1 guidance that was above consensus estimates. Lastly, Casa Systems (CASA) beat earnings estimates while growing revenues by 37% year/year and providing upside FY21 guidance.

Financial Services: ABCB, AMP, ATCO, BPFH, CATY, COLB, COWN, CSWC, ENVA, EQH, FBNC, FFIN, FIBK, FITB, FOCS, GS, GSHD, HBAN, HLNE, HMST, INDB, JPM, NDAQ, PNFP, PSEC, RJF, SBCF, SCHW, SFBS, SFNC, SIVB, STC, TBK, TCBI, TCF, TFC, TW, UCBI, WAL, PTVCB

The Financial Services sector had the second largest presence on our 52-week highs, with 40 out of 192 highs coming from the Financial Services sector. The Financial Services sector is outperforming the market today, increasing 1.23% so far on the day. Over the last month the Financial Services sector has underperformed the market, increasing 3.52% while the S&P increased 3.87%. SVB Financial Group (SIVB) is on highs after an insider purchased 500 shares for roughly $260,000. Meanwhile, Equitable Holdings (EQH) is on highs ahead of their earnings report after market close Tuesday. Lastly, Focus Financial (FOCS) beat revenue estimates while posting 11.6% year over year revenue growth and missing consensus EPS estimates.

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