A 5-Day Winning Streak Has Crocs Stock Up 29%
Crocs (CROX) stock is on a 5-day winning streak, up 28.8% since the run began. That added about $1.6 billion to the company’s market value, which now stands at about $7.3 billion. The stock closed at $153.13 on Monday, November 2, its highest close of the past year.
The Streak Next To The S&P 500
Returns for CROX and the S&P 500 over the streak and the periods around it, all ending Monday, November 2 and including dividends:
| Return Period | CROX | S&P 500 |
|---|---|---|
| 1 Day | 1.7% | -0.5% |
| 5 Days (Current Streak) | 28.8% | -1.7% |
| 1 Month (21 Trading Days) | 29.7% | -2.3% |
| 3 Months (63 Trading Days) | 8.5% | -2.3% |
| Year To Date | 79.1% | 11.2% |
| 1 Year (252 Trading Days) | 85.5% | 11.8% |
How The Streak Compares With The Market
Over the same 5 trading days, the S&P 500 returned -1.7% including dividends, so the run is mostly Crocs’ own story rather than the market’s. Over the past three months the stock is up 8.5%, a window that includes the streak; over the other 58 sessions of that window it was down 15.8%.
Do The Fundamentals Support The Run?
On the fundamentals, revenue grew 0.7% over the last twelve months, against a median of 7.4% for S&P 500 Consumer Discretionary stocks; its operating margin is 22.6%, versus a median of 14.9%; and the stock trades at 10.9 times trailing earnings against a median of 19.6. The read is mixed: margins above the median and a multiple below the median on one side, revenue growth 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.
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.