During trading Friday, 77 stocks traded to a 52-week high, while 4 stocks bottomed out at new 52-week lows. The S&P 500 is down -0.19% on the day so far while the Dow is down 0.56% and the Nasdaq is is up 0.04%. Stocks are lower Friday following a dispute between Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell. The dispute is over unspent stimulus money that is in the Feds possesion, which, Mnuchin requested back in order to allow lawmakers to redirect it elsewhere. Within minutes of his request, Powell responded saying that the funds should be left in place through the end of 2020 due to the funding’s vital role. Meanwhile stimulus talks are being revived, with several key players expressing desires to resume talks.
The following stocks traded to 52-week highs: ACIA, AEIS, AGYS, ALTR, AMAT, ANF, AOSL, APPN, ATRA, ATUS, BALY, BC, BECN, CDLX, CL, CLF, CLGX, CORT, CREE, ELF, ENPH, ENTG, FCX, FICO, FOSL, GLIBA, GTLS, IIVI, IRDM, KEYS, KLAC, KRNT, LB, LBRDK, LRCX, MCHP, MGNI, MKSI, MU, NUAN, NXPI, OCUL, OLED, OMCL, ORBC, PAR, PCRX, PSNL, PTC, PTCT, QRTEA, QTWO, RBBN, RH, RILY, ROKU, SCCO, SCHN, SEE, SMTC, SPSC, SPWR, SSNC, STE, STNE, SWAV, TER, TGT, TUP, UBER, UPWK, URI, VC, WSM, XXII, YUMC, ZEN
The following Stocks traded to 52-week lows: CHKAQ, MNKKQ, NEBLQ, PACDQ
The following ETFs traded to a 52-week high: DBB, EWJ, JJC, PBD, PBW, REMX, RJA, XRT
The following ETFs traded to a 52-week low: None
Technology: ACIA, AGYS, ALTR, AMAT, AOSL, APPN, CLGX, CREE, ENPH, ENTG, FICO, IIVI, KEYS, KLAC, LRCX, MCHP, MKSI, MU, NUAN, NXPI, OLED, PAR, PTC, QTWO, SMTC, SPSC, SPWR, SSNC, STNE, TER, UBER, ZEN
Technology stocks dominated our list of highs today with 32 out of the 77 total stocks that reached their high coming from the Technology sector. The Technology sector is is trading even with the market, decreasing -0.19% so far on the day. Over the last month the Technology sector has underperformed compared to the market, growing 0.07% to the S&P’s growth of 0.07%. Uber (UBER) reached new heights today after it was reported by the New York Times yesterday that that NYC subway services could be slashed by 40% if no assistance is provided. Meanwhile, Keysight (KEYS) is on highs after their afternoon earnings release on Nov 18 where the company beat earnings estimates, posting $1.62 EPS on estimates of $1.46.
Consumer Cyclical: ANF, BALY, BC, FOSL, LB, QRTEA, RH, SEE, TUP, VC, WSM, YUMC
The Consumer Cyclical sector had the second largest presence on our 52-week highs, with 12 out of 77 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, decreasing -0.14% so far on the day. Over the last month the Consumer Cyclical sector has underperformed the market, is neutral with 0% while the S&P increased 2.81. Williams-Sonoma (WSM) is on highs today after beating earnings expectations yesterday afternoon, posting $2.56 EPS on estimates of $1.05. Meanwhile, Bally’s Corporation (BALY) rose to highs after agreeing to acquire Bet.Works Wednesday.