There is an old market saying that surprises tend to follow the direction of the current trend. Thursday’s news flow and price action were examples of that concept.
91 all-time highs among stocks that gained 1% or more: GV ASML CYMY FUL FRGI CLW CRAY PRIM FNGN HCA PRLB LOW
261 stocks reached 52-week highs while appreciating 1%+. Some of the notable movers include:
- After brief consolidation, housing-related stocks had another range expansion day. Homebuilders ($PHM $RYL $SPF), regional banks ($FITB $OZRK), heavy construction ($PRIM, $GVA) home improvement and furnishing stores ($LOW $PIR), mortgage investments ($HLSS, $KFN)… dominated the 52-week high list
- Semiconductor stocks broke out all over the place and it looks like they are the beneficiaries of the current market rotation: $ASML $CYMI $NXPI $TSM
StockTwits 50 Notables
- 11 of the 50 stocks gained 2% or more. The industry origin of the gainers was quite diverse: online retail, homebuilders, computer systems, staffing agencies, semiconductors, farm machinery, Chinese Internet svs, home furnishing stores
» Daily Update » Momentum Wrap – 91 All-Time Highs