American Tower Stock Climbs 13% On A 6-Day Winning Streak
American Tower (AMT) stock is on a 6-day winning streak, up 13.2% since the run began. That added about $9.9 billion to the company’s market value, which now stands at about $84.9 billion. The stock closed at $182.24 on Friday, October 9, 4.2% below its 52-week high of $190.23 and 13.6% above its low of $160.38.
How The Streak Stacks Up Against The S&P 500
Returns for AMT and the S&P 500 over the streak and the periods around it, all ending Friday, October 9 and including dividends:
| Return Period | AMT | S&P 500 |
|---|---|---|
| 1 Day | 9.3% | 0.6% |
| 6 Days (Current Streak) | 13.2% | 1.9% |
| 1 Month (21 Trading Days) | 6.5% | 3.0% |
| 3 Months (63 Trading Days) | 8.7% | 4.2% |
| Year To Date | 7.0% | 15.1% |
| 1 Year (252 Trading Days) | 2.2% | 17.0% |
Is This Move About American Tower Or The Market?
Over the same 6 trading days, the S&P 500 returned +1.9% including dividends, so the run is mostly American Tower’s own story rather than the market’s. 13 other S&P 500 stocks are currently on winning streaks of 6 days or longer. Over the past three months the stock is up 8.7%, a window that includes the streak; over the other 57 sessions of that window it was down 4.0%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 6.6% over the last twelve months, against a median of 5.4% for S&P 500 Real Estate stocks; its operating margin is 45.6%, versus a median of 27.6%; and the stock trades at 25.0 times trailing earnings against a median of 29.3. On these numbers the run has substance behind it: revenue growth above the median, margins above the median and a multiple below the median.
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.
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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.