Some Stocks Under Pressure Despite Market Highs, CNBC's Chu Reports
NEW YORK (TheStreet) -- The Dow Jones and S&P 500 have both realized record, all-time highs this week in the aftermath of the Brexit vote. The Dow is up 115 points on Tuesday afternoon, however not all sectors are seeing these highs.
Markets reporter Dominic Chu joined CNBC's "Power Lunch" today, to explain which sectors and which specific stocks are still below their all-time highs.
"The mid-caps are just about half a percent below their highs from 2015, the small-cap stocks still have about 7% to go to realize their highs of June 23, 2015," Chu noted.
The Dow Transportation sector is 16% below its high of 2014. Chu added.
There is still a long way to go in terms of the S&P 500 sectors.
"Financials are about 39% below record highs realized in 2007. Energy stocks are 31% below their record highs, last realized in 2014. And tech stocks are still 26% below their all-time highs realized in 2000," Chu said.
In terms of specific stocks well under their own individual record-highs, NetApp (NTAP) is 83% below its high, Transocean (RIG) is 92% below its high, and AIG (AIG) 97% below its high, Chu reported.