Momentum Wrap – 2013 Started With Fireworks

on January 2 | in Daily Update | by

Jan 1 new highs

New Highs

163 All-Time Highs among stocks that gained 1% or more. Some of the more liquid big gainers include: POL AEGR DDD STZ ASH MD DORM CP TRS EQIX

520 stocks reached new 52-week highs while gaining 1%+ today.  2/3 of them finished above their opening print. Some of the notable movers include:

  • After underperforming in December, U.S. based companies dominated the 52-week high list on Wednesday – side effect of the budget deal
  • Staffing and outsourcing agencies continue to shine. Big trend from 2012. $ASGN $TMH
  • Property and Casualty insurers keep making new highs, even the big dog Berkshire Hathaway: $BRK.B $HMN $MHLD $EIG

StockTwits 50 Notables

  • Retailers and Consumer discretionary stocks were notably weak. $LULU and $KORS were among the worst performers on the list
  • $LNKD was the first St50 stock to turn red in the morning and it proceeded to weaken later in the day

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