There’s still a lot of time left in the day, but the tone of the equity market has been much different today compared to Monday. Whereas Monday saw tech stocks get creamed while cyclical areas of the market rallied, today we’re seeing tech stocks rebound while cyclicals lag. To illustrate, within the entire S&P 500 there are just 14 stocks that have so far managed to outperform the index by at least one percentage point both yesterday and today. The table below lists each of those stocks, and looking through them, they aren’t the flashy, high-profile names that you always see discussed in the media. Who said boring is a bad thing? In terms of sector representation, there’s also no clear trend as eight of the eleven sectors are represented by the list of just fourteen names!
Below we show six-month price charts of each of the 14 names listed above from our Chart Scanner tool. Here again, no clear technical theme links the stocks together. While stocks like AES, Global Payments (GPN), McKesson (MCK), and Ross Stores (ROST) remain close to six-month highs, others like Ball (BLL), Domino’s (DPZ), and Market Axess (MKTX) aren’t far from six-month lows. Click here to view Bespoke’s premium membership options for our best research available.