Real Estate Leads Lows; Stocks Mixed in Choppy Trading Session

During trading Tuesday, 3 stocks traded to a 52-week high, while 205 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.51% so far today while the Dow is down 0.72%, the Nasdaq is up 0.13%, and the Russell 2000 is down 0.14%.

Stocks are mixed Tuesday afternoon in a choppy trading session ahead of the conclusion of the Fed meeting tomorrow. Markets are increasingly expecting a 75 basis point rate hike. Cryptos are down over the last 24 hours.

The Producer Price Index met expectations with a monthly rise of 0.8% in May, which resulted in a slight moderation on an annual basis to 10.8%. Excluding food and energy, core producer prices rose slower than expected with a monthly rate of 0.5% and a slowing on an annual basis to a rate of 8.3%. Energy jumped 5% as gas prices soared throughout the month.

Lastly, Oracle Corporation (ORCL) is up 9.63% is higher after the company posted a strong earnings beat. Oracle’s cloud services bolstered the report, jumping 22% over the year. Oracle’s outlook was bullish as well, expecting its cloud services to grow another 30%.

Sector Highlights

The Real Estate sector makes up the majority of our 52-week lows, as 46 out of our 205 lows come from the Real Estate sector. The Real Estate sector is outperforming the market today, decreasing 0.96% so far on the day. Over the last month, the Real Estate sector has underperformed the market, decreasing 6.86% while the S&P decreased by 4.59%.

Real Estate: AAT, AKR, ARI, AVB, BDN, BRX, BXP, CIM, CIO, CLDT, CPT, CUBE, CUZ, DEI, DLR, EPRT, EQIX, EQR, ESRT, ESS, EXR, FCPT, FPH, FR, FRT , FSP, GMRE, GOOD, GPMT, HHC, HPP, HR, IIPR, ILPT, INVH, IVR, JBGS, KRC, KREF, KRG, LADR, LSI, LXP, MFA, MITT, MPW

The Lists

The following stocks traded to 52-week highs:

CHRW, CLR, SAFM

The following stocks traded to 52-week lows:

AAP, AAT, ABT, ACCO, ADPT, ADS, AEO, AER, AES, AFIN, AGEN, AKR, AL, ALGN, ALGT, ALK, ALLE, ALLY, ALTR, AMCX, AME, AMED, AOS, APPS, ARCC, ARCE, ARI, ARMK, ARVN, ARWR, ASGN, ATEC, AVB, AWI, AWK, AXP, BAND, BBBY, BDN, BFAM, BHC, BKD, BLMN, BMI, BMRN, BPMC, BRX, BSX, BXP

The following ETFs traded to a 52-week high:

TBT, UUP

The following ETFs traded to a 52-week low:

AFK, BWX, CUT, DIA, EFA, ENZL, EPP, EWA, EWG, EWI, EWJ, EWK, EWN, EWQ, EWS, EWU, EZA, EZU, FDN, FXB, FXY, IBB, ICF, IEF, IGN, IHF, IHI, IOO, IWF, IWM, IYH, IYJ, IYR, IYZ, MBB, MDY, OEF, PFF, PHO, QQQ, SHY, SKYY, SPY, TIP, TLH, TLT, URE, UWM, VGK

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