Cisco, Intuit and 31 other stocks are leading the market out of correction
- More than 60 percent of the companies in the S&P 500 broke to new highs during January, and 33 of them are among the first to make a comeback after February's correction.
- The S&P 500 was still 4.8 percent from its January high in Friday afternoon trading, after its 10 percent correction.
More than 60 percent of the companies in the broke to new highs during January's new year rally, and a diverse group are among the first to make a comeback after February's correction.
In the S&P 500, 23 stocks bounced back to their 52-week highs at some point in Friday's trading.
We looked at companies that were about 1.5 percent or less from their highs and found 33. The S&P 500 was still 4.8 percent from its January high in Friday afternoon trading, after its 10 percent correction.
The bounce-back stocks are from all different sectors, including tech names Cisco and Intuit and defense companies Raytheon, Lockheed Martin and Northrop Grumman. Financial names PNC and M&T Bank Corp and consumer companies Nike and Estee Lauder also made the list.
Ticker | Security Name | Last | 52Wk H | 52Wk H Date | % Off 52WK H |
RTN | Raytheon Company | 218.47 | 218.78 | 16-Feb-18 | 0.14% |
GRMN | Garmin Ltd. | 65.4 | 65.51 | 16-Feb-18 | 0.17% |
CSRA | CSRA, Inc. | 40.56 | 40.65 | 13-Feb-18 | 0.23% |
ACN | Accenture Plc Class A | 163.03 | 163.6 | 16-Feb-18 | 0.35% |
COTY | Coty Inc. Class A | 21.57 | 21.64 | 15-Feb-18 | 0.35% |
HII | Huntington Ingalls Industries, Inc. | 265.62 | 266.65 | 16-Feb-18 | 0.39% |
EL | Estee Lauder Companies Inc. Class A | 141.07 | 141.67 | 16-Feb-18 | 0.42% |
MCO | Moody's Corporation | 168.31 | 169.06 | 16-Feb-18 | 0.44% |
LMT | Lockheed Martin Corporation | 361.33 | 363 | 16-Feb-18 | 0.46% |
ANSS | ANSYS, Inc. | 164.67 | 165.5 | 16-Feb-18 | 0.50% |
MA | Mastercard Incorporated Class A | 176.21 | 177.11 | 2-Feb-18 | 0.51% |
GPN | Global Payments Inc. | 114.23 | 114.86 | 16-Feb-18 | 0.55% |
INTU | Intuit Inc. | 172.05 | 173 | 16-Feb-18 | 0.55% |
NOC | Northrop Grumman Corporation | 356.74 | 358.84 | 16-Feb-18 | 0.59% |
SPGI | S&P Global, Inc. | 189.84 | 190.99 | 16-Feb-18 | 0.60% |
BF.B | Brown-Forman Corporation Class B | 69.46 | 69.9 | 29-Jan-18 | 0.63% |
NKE | NIKE, Inc. Class B | 68.51 | 69 | 16-Feb-18 | 0.71% |
RHT | Red Hat, Inc. | 142.56 | 143.67 | 16-Feb-18 | 0.77% |
CTSH | Cognizant Technology Solutions Corp Class A | 81.22 | 81.87 | 16-Feb-18 | 0.79% |
VRSN | VeriSign, Inc. | 120.61 | 121.61 | 16-Feb-18 | 0.82% |
PNC | PNC Financial Services Group, Inc. | 159.43 | 160.81 | 16-Feb-18 | 0.86% |
MTB | M&T Bank Corporation | 192.54 | 194.24 | 16-Feb-18 | 0.88% |
FISV | Fiserv, Inc. | 142.95 | 144.2 | 30-Jan-18 | 0.88% |
ZION | Zions Bancorporation | 55.1 | 55.61 | 2-Feb-18 | 0.92% |
CRM | salesforce.com, inc. | 113.42 | 114.52 | 31-Jan-18 | 0.96% |
CMA | Comerica Incorporated | 97.97 | 99.03 | 16-Feb-18 | 1.07% |
SNI | Scripps Networks Interactive, Inc. Class A | 87.86 | 88.87 | 22-Jan-18 | 1.14% |
FTV | Fortive Corp. | 75.8 | 76.68 | 24-Jan-18 | 1.15% |
ADBE | Adobe Systems Incorporated | 201.68 | 204.45 | 23-Jan-18 | 1.35% |
BA | Boeing Company | 356.35 | 361.45 | 1-Feb-18 | 1.41% |
STI | SunTrust Banks, Inc. | 71.01 | 72.06 | 29-Jan-18 | 1.43% |
CSCO | Cisco Systems, Inc. | 44.47 | 45.13 | 15-Feb-18 | 1.46% |
CTAS | Cintas Corporation | 167.41 | 169.96 | 31-Jan-18 | 1.50% |