7 Green Days In A Row: Accenture Stock Is Up 17%

ACNYTD-13.3%SPYYTD+13.8%QQQYTD+18.8%
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Accenture (ACN) stock has risen for 7 consecutive trading days, gaining 17.2% over that stretch. That added about $20.2 billion to the company’s market value, which now stands at about $137.7 billion. The stock closed at $224.92 on Thursday, October 15, 19.8% below its 52-week high of $280.46 and 84.4% above its low of $121.98.

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How The Streak Stacks Up Against The S&P 500

Returns for ACN and the S&P 500 over the streak and the periods around it, all ending Thursday, October 15 and including dividends:
 

Return Period ACN S&P 500
1 Day 4.6% 0.3%
7 Days (Current Streak) 17.2% -0.9%
1 Month (21 Trading Days) 19.6% 2.6%
3 Months (63 Trading Days) 57.9% 4.1%
Year To Date -13.3% 14.2%
1 Year (252 Trading Days) -4.7% 17.9%

Is This Move About Accenture Or The Market?

The market explains little of this: the S&P 500 lost 0.9% over the same 7 sessions, including dividends, against Accenture’s +17.2%. 7 other S&P 500 stocks are currently on winning streaks of 7 days or longer. Over the past three months the stock is up 57.9%, a window that includes the streak; over the other 56 sessions of that window it was up 34.7%.

Is The Business Keeping Up With The Stock?

On the fundamentals, revenue grew 6.7% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 15.8%, versus a median of 21.6%; and the stock trades at 17.7 times trailing earnings against a median of 35.6. The read is mixed: a multiple below the median on one side, revenue growth below the median and margins below the median on the other.

A climb like this is worth respecting, and worth testing. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.

Prefer the theme to the single name? A U.S. industrials ETF like IYJ holds the whole group, not just this stock. It is still a concentrated bet on one theme, which is the gap the portfolio below is built to close.

Streaks End. Discipline Compounds

A run like this is genuinely useful information: something about this business has the market’s full attention. But streaks are where discipline gets tested, because the urge to chase strength is strongest right before it pauses.

The Trefis High Quality (HQ) Portfolio channels that urge into a system: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with rules rather than excitement. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Enjoy the streak; own the process.