During trading Wednesday, 49 stocks traded to a 52-week high, while 54 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.8% so far today while the Dow is up 0.61%, the Nasdaq is up 0.61%, and the Russell 2000 is up 0.89%.
Markets are higher Wednesday after trading mixed earlier in the day. Industrial Production and Capacity Utilization data for August came in right at analysts estimates. Meanwhile, retail sales in China disappointed as they only rose 2.5% compared to estimates for a 7% gain. Additionally, JinkoSolar (JKS) shares are 2.3% higher after the firm surpassed quarterly earnings and revenue projections.
Technology stocks dominated our list of highs today with 14 out of the 49 total stocks that reached their high coming from the Technology sector. The Technology sector is underperforming the market, increasing 0.64% so far on the day. Over the last month the Technology sector has outperformed the market, increasing 1.39% while the S&P decreased 0.4%.
Tech stocks are tied for the most highs Wednesday as the sector continues to outperform the market more recently as markets have flattened.
Energy had the second largest presence on our 52-week highs, with 14 out of 49 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 3.37% so far on the day. Over the last month the Energy sector has underperformed the market, decreasing 3.66% while the S&P decreased 0.4%.
Energy stocks are tied with technology for the most highs today as the sector is booming with over a 3% gain Wednesday, however, the sector remains down over 3% for the past month.
The following stocks traded to 52-week highs: AA, ALGM, AMBA, AMR, AR, ARLP, ASAN, ASO, ATCO, AVGO, BSY, BVH, BX, CFLT, CHK, CLR, CRC, CRK, DOCN, DTM, ENLC, ENTA, ENTG, EXLS, GRA, GSKY, GSL, ICLR, III, LNG, MEG, MGY, ON, PINC, PWR, RGEN, RRC, RVI, SB, SD, SPSC, SXT, TEAM, TECH, VEI, WMG, WSC, XEC, ZNTL,
The following stocks traded to 52-week lows:
AFIB, ALKT, AMED, AMTI, AMWD, BLI, BODY, CVET, CVGW, DNB, EIGR, EVGO, FBRX, FF, GMDA, GO, HLF, HOOK, HRTG, INNV, INVZ, JOBY, KAMN, KNDI, LHCG, LIDR, LVS, MBII, MDXG, NAUT, NBEV, NH, NUS, OYST, PAE, PATH, PRVA, REE, RGS, RNG, RNR, SMG, SNTG, SPPI, STNE, TAST, TBPH, TG, TRHC,
No ETFs traded to a 52-week low today.