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During trading Friday, 106 stocks traded to a 52-week high, while 5 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.21% so far today while the Dow is up 0.43%, the Nasdaq is down 0.11%, and the Russell 2000 is up 0.53%.
After briefly turning negative, stocks turned higher again following the Philadelphia Fed President Patrick Harker’s remarks that the Fed should begin talks on reducing bond buying sooner rather than later. Bitcoin turned sharply lower after China took remarks made earlier in the week a step further, saying that the nation will crackdown on Bitcoin mining as well. This poses a real security threat for the crypto currency as security on the blockchain relies on having a large amount of active miners to validate transactions, and with over half of all mining happens in China, the move could open the door to increased hacking and fraud.
Sector Highlights
Financial Services stocks dominated our list of highs today with 21 out of the 106 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 1.02% so far on the day. Over the last month the Financial Services sector has outperformed the market, increasing 5.39% while the S&P decreased 0.1%.
American Fincl (AFG) is on highs after receiving regulatory approval to sell its annuity business.
Financial Services: ABCB, AFG, ATAX, ATH, BKCC, BRKL, COF, CSWC, CUBI, EVR, EZPW, FCFS, FNF, HLI, NAVI, NEWT, ORI, PSEC, SFBS, TROW, VBTX
Healthcare had the second largest presence on our 52-week highs, with 16 out of 106 highs coming from the Healthcare sector. The Healthcare sector is outperforming the market today, increasing 0.25% so far on the day. Over the last month the Healthcare sector has outperformed the market, increasing 2.3% while the S&P decreased 0.1%.
AbbVie (ABBV) is on highs following yesterday’s announcement that it will present data from its Phase 2 CAPTIVATE study. Bristol-Myers (BMY) is on highs after its Opdivo was approved by the FDA.
Healthcare: ABBV, BMY, CNC, CPRX, CVS, ELAN, IQV, IRWD, PAHC, PBH, PTGX, RDNT, SGRY, SWAV, TVTY, ZTS
The Lists
The following stocks traded to 52-week highs:
ABBV, ABCB, ACRE, ADES, AFG, AGNC, AM, AR, ARW, ATAX, ATH, AVB, AVID, BCEI, BKCC, BMY, BPMP, BRKL, CBRE, CDZI, CIM, CLAR, CNC, CNR, COF, COMM, CPRX, CSWC, CTS, CUBE, CUBI, CVS, CWST, DXC, ELAN, ELS, ENLC, EPAM, EPC, EVR, EXLS, EXPD, EZPW, FARM, FCFS, FNF, FR, FTNT, GNK
The following stocks traded to 52-week lows:
CCXI, EVER, OLLI, PRLB
The following ETFs traded to a 52-week high:
EWC, EWG, EWP, EWQ, EZU, FXC, IYH, PPH, VGK, XLV
No ETFs traded to a 52-week low today.
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