10 Green Days In A Row: Liberty Global Stock Is Up 39%

LBTYAYTD-4.5%SPYYTD+12.0%XLCYTD-7.2%
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Shares of Liberty Global (LBTYA) have closed higher in each of the last 10 sessions, a cumulative gain of 39.3%. That added about $1.0 billion to the company’s market value, which now stands at about $3.6 billion. The stock closed at $10.64 on Wednesday, November 11, 18.3% below its 52-week high of $13.03 and 41.9% above its low of $7.50.

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How The Streak Stacks Up Against The S&P 500

Returns for LBTYA and the S&P 500 over the streak and the periods around it, all ending Wednesday, November 11 and including dividends:
 

Return Period LBTYA S&P 500
1 Day 3.7% 1.3%
10 Days (Current Streak) 39.3% -1.6%
1 Month (21 Trading Days) 24.4% -2.3%
3 Months (63 Trading Days) 1.4% -2.0%
Year To Date -4.5% 12.4%
1 Year (252 Trading Days) -2.6% 12.8%

Is This Move About Liberty Global Or The Market?

Over the same 10 trading days, the S&P 500 returned -1.6% including dividends, so the run is mostly Liberty Global’s own story rather than the market’s. Over the past three months the stock is up 1.4%, a window that includes the streak; over the other 53 sessions of that window it was down 27.2%.

Is The Business Keeping Up With The Stock?

On the fundamentals, revenue grew 17.4% over the last twelve months, against a median of 9.1% for S&P 500 Communication Services stocks; and its operating margin is 1.0%, versus a median of 21.1%. Liberty Global does not have positive trailing earnings, so there is no meaningful price-to-earnings multiple to compare. The read is mixed: revenue growth above the median on one side, 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.

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.