During trading Friday, 146 stocks traded to a 52-week high, while 13 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.05% on the day so far , while the Nasdaq is trading higher by 0.11% and the Dow is trading lower by 0.17%. Rising covid cases sparking fears of more lock-downs and the uncertainty around a contested election are fluctuating markets, as the 4-day Election rally appears to have lost its steam. The October unemployment rate was much better than expecting, falling to 6.9% on estimates of 7.7% and showing a favorable jump down from the 7.9% reading in September. DISH Network (DISH) and CVS Health (CVS) both beat earnings estimates this morning, while Cheniere Energy (LNG) and Enbridge (ENB) both missed. Meanwhile, Pot Stocks are extending their bullish run today with ACB leading the way higher, increasing a massive 74% today.
The following stocks traded to 52-week highs:
A, AAXN, ABT, ADI, AEIS, AES, AGCO, ALB, ALTR, AMCR, AMH, AOSL, APH, APPN, APPS, APTV, ATR, AVLR, AVTR, AY, BIO, BLFS, BLL, CDNS, CMBM, COOP, CTLT, CYH, DE, DHR, DNLI, EL, ENPH, ENTG, EYE, FCX, FORM, FRPT, FTCH, FVRR, GH, GNRC, GOLF, GPRO, GPS, GRMN, HALO, HASI, HELE, HLI, HOLX, HON, HUBB, HUBS, IIPR, IIVI, INFO, INSP, IOVA, IPHI, IR, IRTC, ITW, JOE, KEYS, KLAC, KOD, LASR, LII, LOB, LRCX, LSCC, LTHM, MAT, MCHP, MCRB, MITK, MPWR, MSCI, MTD, MXIM, NBEV, NOVA, NOW, NTRA, NVMI, NWSA, NXPI, OCUL, ODFL, OLN, ON, ORBC, PHR, PKG, PKI, PLUG, POWI, PRSC, PTGX, QRTEA, QTRX, RAMP, RBC, RCM, REZI, RGEN, ROKU, RTRX, SAIA, SAIL, SCCO, SIVB, SMG, SNAP, SNBR, SNPS, SPWR, SQ, SSTK, STAA, TER, THRM, TKR, TMUS, TMX, TPIC, TT, TTD, TTGT, TXN, UBER, UI, VC, VCEL, VMI, VSTO, WDFC, WK, WMGI, WSC, XLNX, YETI, Z, ZBRA, ZEN
The following Stocks traded to 52-week lows:
ASMB, CCOI, CLI, CORR, EPM, EPZM, GBT, GRTS, MNKKQ, PEI, SDRLF, TLRDQ, WPG
Technology: ADI, ALTR, AOSL, APH, APPN, APPS, AVLR, CDNS, CMBM, ENPH, ENTG, FORM, GPRO, GRMN, HUBS, IIVI, IPHI, KEYS, KLAC, LASR, LRCX, LSCC, MCHP, MITK, MPWR, MXIM, NOVA, NOW, NVMI, NXPI, ON, POWI, RAMP, SAIL, SNPS, SPWR, SQ, TER, TTD, TXN, UBER, UI, WK, XLNX, ZBRA, ZEN
Technology stocks dominated our list of highs today with 46 out of the 146 total stocks that reached their high coming from the Technology sector. Tech stocks are outperforming the market today, increasing 0.35%. Tech stocks have outperformed the market over the last month, with the sector increasing 5.44% during the last month while the S&P grew 4.84%. ADI is on highs after announcing that their repurchase program will be reinstated Monday. Meanwhile, ALTR is on highs after beating earnings estimates yesterday afternoon, with the company reporting 0.00 EPS on estimates of -0.08 EPS. Meanwhile UBER is on highs despite missing earnings estimates yesterday afternoon, as the company’s two-businesses - personal travel and food delivery - continue to offer polar opposite results with there currently being very high demand for food delivery and very low demand for personal travel. This makes it likely that Tuesday’s election win to continue to allow UBER to continue to deem their drivers as contractors in California.
Healthcare: ABT, BIO, BLFS, A, CTLT, CYH, DHR, DNLI, GH, HALO, HOLX, INSP, IOVA, IRTC, KOD, MCRB, MTD, NTRA, OCUL, PHR, PKI, PRSC, PTGX, QTRX, RCM, RGEN, RTRX, STAA, VCEL, WMGI
The Healthcare sector had the second largest presence on our 52-week highs, with 30 out of 146 highs coming from the Healthcare sector. Healthcare stocks are outperforming the market today, increasing 0.35% so far Friday. Healthcare stocks have outperformed the market over the last month, increasing 5.43% while the S&P grew 4.84%. CTLT is continuing to highs following yesterday’s partnership with TSHA. MTD is on highs after beating earnings estimates after-market close yesterday, reporting 7.02 EPS on estimates of 5.97 EPS.
