An 8-Day Winning Streak Has Amcor Stock Up 11%
Amcor (AMCR) stock has risen for 8 consecutive trading days, gaining 11.3% over that stretch. That added about $2.2 billion to the company’s market value, which now stands at about $21.5 billion. The stock closed at $46.28 on Thursday, October 22, 4.4% below its 52-week high of $48.41 and 30.1% above its low of $35.58.
AMCR Versus The S&P 500
Returns for AMCR and the S&P 500 over the streak and the periods around it, all ending Thursday, October 22 and including dividends:
| Return Period | AMCR | S&P 500 |
|---|---|---|
| 1 Day | 2.2% | -1.2% |
| 8 Days (Current Streak) | 11.3% | -1.8% |
| 1 Month (21 Trading Days) | 8.1% | -0.5% |
| 3 Months (63 Trading Days) | 5.4% | 3.7% |
| Year To Date | 16.0% | 13.0% |
| 1 Year (252 Trading Days) | 20.6% | 15.1% |
Is This Move About Amcor Or The Market?
Over the same 8 trading days, the S&P 500 returned -1.8% including dividends, so the run is mostly Amcor’s own story rather than the market’s. 4 other S&P 500 stocks are currently on winning streaks of 8 days or longer. Over the past three months the stock is up 5.4%, a window that includes the streak; over the other 55 sessions of that window it was down 5.3%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 56.6% over the last twelve months, against a median of 7.0% for S&P 500 Materials stocks; its operating margin is 9.3%, versus a median of 13.2%; and the stock trades at 19.4 times trailing earnings against a median of 21.5. The read is mixed: revenue growth above the median and a multiple below the median on one side, margins below the median on the other.
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Momentum Is A Tailwind, Not A Plan
Riding a stock that rises every day feels effortless, and that is precisely the danger: the same momentum that built this run can reverse without notice, and one name’s reversal should never be able to reset your whole year.
That is what the Trefis High Quality (HQ) Portfolio is for: about 30 quality businesses screened for the fundamentals that survive momentum’s mood swings, held with rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Watch the runs; own the resilience.