Stocks drop Friday; Tech Leads 52-Week Lows

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During Friday’s session, 1 stock traded at a 52-week high, while 205 stocks hit a new 52-week low. The S&P 500 is down 2.32% so far today, while the Dow Jones is down 2.16%, the Nasdaq is down 2.41% and the Russell 2000 is down of 3.62%.

Stocks are down on Friday with growing concerns over a looming recession. Bank of America strategists said investor sentiment is at its lowest since 2008, while Goldman Sachs cut its targets for equities as rising interest rates weigh on valuations. Costco (COST) shares are down more than 4% despite higher earnings estimates as they face higher labor and transportation costs. FedEx (FDX) stock isn’t faring much better as its shares are down 3.53% following a beat in earnings that only came after it warned investors last week of its earnings estimates and withdrew its full-year guidance.

Sector Highlights

Health care Stocks topped our list of highs today with 1 of the 1 total stocks hitting their highs coming from the healthcare sector. The healthcare sector is outperforming the market, down 1.2% so far on the day. Over the past month, the healthcare sector has outperformed the market, rising 5.91% while the S&P is down 11.35%.

Today, the healthcare sector leads the 52-week highs with a grand total of a stock that’s exactly 100% of all the highs…it’s been a rough weekend.

Health care: BHVN

The Tech sector accounts for the majority of our 52-week lows, as 37 of our 205 lows come from the Tech sector. The technology sector is outperforming the market today, down 1.92% so far on the day. Over the past month, the technology sector has underperformed the market, falling 14.43% while the S&P is down 11.35%.

Tech stocks hit a 52-week low on Friday, with the sector down on the day and down more than 14% in the last month of trading. Unfortunately, the 14% drop isn’t much worse than the 11.35% drop in the S&P 500.

Technology: ABT, ALGN, AMRX, ATNX, AVNS, AVRO, BIO, BRKR, CERS, CNMD, COO, CRBP, CRL, CTLT, CYH, EBS, EW, EXAS, HCSG

The lists

The following stocks hit 52-week highs:

BHVN

The following stocks traded at 52-week lows:

AA, AAL, AAP, AAT, ABG, ABM, ABT, ACCO, ACEL, ACIW, ACN, ADES, AHH, AKR, ALE, ALEX, ALGN, ALGT, ALLY, ALTR, ALV, AMBA, AMCX, AMD, AMRX, AOS, APAM, APLE, APTV, ARW, ATKR, ATNX, ATSG, ATUS, AVNS, AVNT, AVRO, AVTR, B, BANC, BAND, BBDC, BCO, BCSF, BDN, BERY, BFAM, BGS, BIO, BK, BKNG, BKR, BLKB, BOOT, BRKR, BRMK, BRX, BSIG, BV, BX, BYD, CARG, CASA, CAT, CE, CERS, CEVA, CHH, CHTR, CIEN, CIM, CINF, CIO, CLAR, CLB, CLXT, CMCSA, CME, CMPR, CMRE, CNA, CNDT, CNK, CNMD, CODI, COF, COHR, COLM, COO, CPE, CRBP, CRI, CRL, CRM, CRMT, CSCO, CSTM, CSWC, CTLP, CTLT, CST, CUBI, BECAUSE, CVGI, CWK, CYH, CZR, Dan, NOT A WORD, DDD, DEA, DEI, DELL, DESP, DHC, PLATE, DLB, DLR, DLTH, document, DOCU, DOMO, DORMITORY, DOW, HRD, DS, DXC, EAF, EB, eBay, EBS, EFT, Egan, EGHT, EIG, ELVT, EMR, ENTG, ENV, EPAC, REP, EQIX, ALREADY, EVR, EVTC, EW, EXAS, EXP, EXPD, EXPI, FAF, FBHS, FDX, FF, FIVN, FLS, FLT, FORM, FOXA, FPH, FRC, FRT, FSLY, FSP, FSR, FTDR, GBX, GCI, GCO, GDEN, GDOT, GHG, GHL, GII, HAPPY, GLDD, GLW, GMRE, LNG, GNRC, GNTX, GOOD, GOOGL, GOOS, GPI, GPMT, GPRO, GRMN, GSHD, GTES, GTN, GVA, HAIN, HAS, HBI, HCI, HCSG, HE, heavyweight, HHC, RAISED, Hi, HLIO, HMST, HNI

High and low streaks

The following stocks are trading at a 52-week low for the third straight day:

AMCX, ATUS, BAND

The following stock is trading at a 52-week low for the third day in a row:

ALGT

The following stock has traded at a 52-week low for five or more consecutive days:

ATNX (5)

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