A 6-Day Winning Streak Has Hayward Stock Up 33%
Hayward (HAYW) stock has risen for 6 consecutive trading days, gaining 32.7% over that stretch. That added about $879 million to the company’s market value, which now stands at about $3.6 billion. The stock closed at $16.81 on Monday, November 2, 2.9% below its 52-week high of $17.31 and 48.1% above its low of $11.35.
How The Streak Stacks Up Against The S&P 500
Returns for HAYW and the S&P 500 over the streak and the periods around it, all ending Monday, November 2 and including dividends:
| Return Period | HAYW | S&P 500 |
|---|---|---|
| 1 Day | 4.3% | -0.5% |
| 6 Days (Current Streak) | 32.7% | -1.1% |
| 1 Month (21 Trading Days) | 35.6% | -2.3% |
| 3 Months (63 Trading Days) | 4.5% | -2.3% |
| Year To Date | 8.8% | 11.2% |
| 1 Year (252 Trading Days) | -2.4% | 11.8% |
A Stock-Specific Run, Or A Market Move?
Over the same 6 trading days, the S&P 500 returned -1.1% including dividends, so the run is mostly Hayward’s own story rather than the market’s. Over the past three months the stock is up 4.5%, a window that includes the streak; over the other 57 sessions of that window it was down 21.3%.
Do The Fundamentals Support The Run?
On the fundamentals, revenue grew 7.6% over the last twelve months, against a median of 8.2% for S&P 500 Industrials stocks; its operating margin is 21.8%, versus a median of 17.6%; and the stock trades at 21.0 times trailing earnings against a median of 25.8. 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.