AGCO - Hot Stocks: LI sets 52-week high; RAD jumps on earnings; RHI BCC drop; farm equipment stocks fall

Another choppy session finished with solid gains on Thursday, as Wall Street continued to stabilize after last week's sharp decline. The Nasdaq led the upswing, rising 1.6%. While the overall market pushed higher, recession fears continued to weigh on certain sectors. This included farm equipment makers, with AGCO (AGCO), Deere (DE) and Caterpillar (CAT) all slipping to new 52-week lows. Elsewhere in the market, Robert Half (RHI) established a new 52-week low as well, as concerns about a slowing economy prompted an analyst's downgrade. Similarly, Boise Cascade (BCC) also dropped on a bearish analyst note. On the upside, Rite Aid (NYSE:RAD) jumped on a better-than-expected quarterly report. Meanwhile, strength in the Chinese electric vehicle space sent Li Auto (LI) to a new 52-week high.  Sector In Focus Farm equipment makers suffered another round of selling pressure amid ongoing worries about a possible recession. A downgrade also fueled the latest retreat.

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Hot Stocks: LI sets 52-week high; RAD jumps on earnings; RHI, BCC drop; farm equipment stocks fall