PTON - Hot Stocks: Trucking stocks rise; HLTH rallies; NLS hit low; KLAC LRCX AMAT set highs; BBIO plunges on data
With the final days of 2021 counting down, stocks maintained their momentum on Monday, extending recent gains and powering the S&P 500 to yet another closing high. As the calendar barrels towards 2022, several themes that have dominated trading throughout the past year continued to drive the action on Monday. In one case, this was almost literally true, with the trucking and logistics sector representing one of the standouts on the session. The semiconductor equipment sector also extended its already outsized run in 2021. The latest gains allowed KLA Corp. (NASDAQ:KLAC), Lam Research (NASDAQ:LRCX) and Applied Materials (NASDAQ:AMAT) to set fresh 52-week highs. Another motif of 2021 involved the unwinding of the COVID trade. One-time beneficiaries of the at-home trend saw their stocks deflate over the year. On Monday, Nautilus (NYSE:NLS) acted as a stand-in for this trope, with shares of the fitness equipment maker slipping to another low. Omicron
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Hot Stocks: Trucking stocks rise; HLTH rallies; NLS hit low; KLAC, LRCX, AMAT set highs; BBIO plunges on data