Tesla Pops, GameStop Drops; 199 Stocks Set New Highs

Monday, April 5, 2021 2:31 PM | Nick Dey

During trading Monday, 199 stocks traded to a 52-week high, while 2 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.48% so far today while the Dow is up 1.16%, the Nasdaq is up 1.74%, and the Russell 2000 is up 0.31%.

Stocks are rallying Monday afternoon as markets react positively to the Friday jobs report, which saw March add over 900,000 jobs for its highest increase in seven months. Helping sustain the rally throughout the day was the ISM Non-Manufacting Index showing faster expansion than expected, with a reading of 63.7% on estimates for 58.5%. Additionally, Google (GOOG) soared after the Supreme Court ruled that it did not commit copyright infringement when using Oracle Corporation’s programming code in Android operating systems. Meanwhile, Tesla (TSLA) soared after delivering more cars than expected amidst the semiconductor shortage. Lastly, GameStop (GME) fell after announcing plans to sell up to $1 billion worth of additional shares.

Sector Highlights

Industrials stocks dominated our list of highs today with 53 out of the 199 total stocks that reached their high coming from the Industrials sector. The Industrials sector is underperforming the market, increasing 1.28% so far on the day. Over the last month the Industrials sector has outperformed the market, increasing 9.25% while the S&P increased 5.48%.

Acuity Brands (AYI) was upgraded to Neutral from Sell at both Goldman and Roth Capital, with the latter setting its price target at $165. Meanwhile, EMCOR Group completed its acquisition of Dallas Mechanical Group.

Industrials: AGX, ALLE, AME, AVY, AYI, BLDR, BWXT, CAR, CNHI, CNR, CR, CSL, CSX, CWST, DOOR, DOV, EME, ETN, EXPD, FCN, FIX, GD, HON, HUBB, IEX, ITT, J, JBHT, KELYA, KNX, KSU, LPX, LUV, MAS, MMS, MSM, MWA, MYRG, NSC, NSSC, OC, ODFL, PWR, SNA, SWK, TBI, TGH, TTC, TXT, UNP, WERN, WSC, WSO,

Technology had the second largest presence on our 52-week highs, with 42 out of 199 highs coming from the Technology sector. The Technology sector is outperforming the market today, increasing 2.15% so far on the day. Over the last month the Technology sector has underperformed the market, increasing 3.78% while the S&P increased 5.48%.

Applied Materials (AMAT) announced platform Alx TM, which is designed to accelerate the discovery, development, and commercialization of new chip technologies. Meanwhile, Corning (GLW) is on highs after Samsung extended its long-term investment in the company through 2028. Lastly, Microsoft (MSFT) reached an all-time high after Credit Suisse resumed coverage on the company as an Outperform.

Technology: ACLS, ACN, AMAT, ARW, AVT, BHE, BRKS, CAMT, CCMP, CDW, CMBM, DLB, ENTG, FLIR, GLW, GRMN, HPQ, ICHR, IPHI, JBL, KLAC, KLIC, KN, LRCX, MKSI, MSFT, MSI, NVMI, NXPI, ON, ONTO, ORCL, PLXS, QRVO, SNX, STX, TRMB, TTEC, TTMI, TXN, UCTT, VSH,

The Lists

The following stocks traded to 52-week highs: ACGL, ACLS, ACN, AGX, ALE, ALLE, ALLY, AMAT, AME, AMG, AMH, AMP, ARES, ARW, AVT, AVY, AYI, BAC, BCC, BEN, BFAM, BGCP, BHE, BIP, BK, BLDR, BRKS, BWXT, CAMT, CAR, CARA, CCK, CCMP, CDW, CG, CIO, CLF, CMBM, CNHI, CNR, CONN, CORE, CR, CSL, CSWC, CSX, CWST, CYH, DHI, DLB, DLTR, DOOR, DOV, EFC, EME, ENTG, ETN, EXPD, EXR, FB, FBHS, FCN, FDUS, FIX, FLIR, FR, GD, GLW, GOOGL, GPK, GPRE, GRMN, HD, HON, HPQ, HRB, HTBK, HUBB, ICHR, IEX, INMD, INOV, INVH, IPHI, IQV, IRT, ITT, IVZ, J, JBHT, JBL, JLL, KBH, KELYA, KKR, KLAC, KLIC, KN, KNX, KSU, LEN, LGIH, LIN, LOW, LPX, LRCX, LUV, MAIN, MAS, MCO, MET, MGM, MHK, MHO, MKSI, MMC, MMS, MSFT, MSI, MSM, MWA, MYRG, NDAQ, NSC, NSSC, NVMI, NWE, NWL, NXPI, OC, ODFL, OFG, OI, ON, ONTO, ORCL, ORLY, PCH, PFG, PHM, PLXS, PMT, PRAH, PSA, PWR, QRVO, RJF, RS, RVI, SCHW, SEAS, SEIC, SKY, SLM, SMG, SNA, SNR, SNX, SON, SPB, STAG, STAR, STLD, STX, SWK, TBI, TBK, TGH, TGT, TIPT, TMHC, TPCO, TRMB, TSCO, TTC, TTEC, TTMI, TW, TXN, TXT, UCTT, UFPI, UMH, UNP, UNVR, USM, VIRT, VOYA, VSH, WERN, WETF, WH, WHR, WRB, WSC, WSM, WSO, WY, XRAY

The following stocks traded to 52-week lows: ACAD, CHRS

The following ETFs traded to a 52-week high: COW, CUT, DIA, ECH, EFA, EWG, EWI, EWK, EWN, EWO, EWQ, EWS, EWT, EWU, EZA, EZU, GREK, ICF, IOO, ITB, IYJ, IYM, IYR, IYT, IYZ, KCE, NLR, OEF, PHO, PPA, RTH, SDY, SLX, SOXX, SPY, URE, UYM, VGK, VNQ, VTI, XHB, XLB, XLI

The following ETFs traded to a 52-week low: SMN, VXX, VXZ

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