A 10-Day Winning Streak Has Nexstar Media Stock Up 28%
Shares of Nexstar Media (NXST) have closed higher in each of the last 10 sessions, a cumulative gain of 27.5%. That added about $1.4 billion to the company’s market value, which now stands at about $6.5 billion. The stock closed at $209.74 on Wednesday, November 11, 15.7% below its 52-week high of $248.77 and 36.9% above its low of $153.17.
How The Streak Stacks Up Against The S&P 500
Returns for NXST and the S&P 500 over the streak and the periods around it, all ending Wednesday, November 11 and including dividends:
| Return Period | NXST | S&P 500 |
|---|---|---|
| 1 Day | 1.5% | 1.3% |
| 10 Days (Current Streak) | 27.5% | -1.6% |
| 1 Month (21 Trading Days) | 30.6% | -2.3% |
| 3 Months (63 Trading Days) | 12.3% | -2.0% |
| Year To Date | 6.2% | 12.4% |
| 1 Year (252 Trading Days) | 14.5% | 12.8% |
How The Streak Compares With The Market
Over the same 10 trading days, the S&P 500 returned -1.6% including dividends, so the run is mostly Nexstar Media’s own story rather than the market’s. Over the past three months the stock is up 12.3%, a window that includes the streak; over the other 53 sessions of that window it was down 11.9%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 32.3% over the last twelve months, against a median of 9.1% for S&P 500 Communication Services stocks; and its operating margin is 20.8%, versus a median of 21.1%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The read is mixed: revenue growth above the median on one side, margins below the median on the other.
If you are looking for strength with more behind it than a hot tape, our Guidance Momentum screen surfaces the names where management raised its own outlook.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by 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. Follow the story; invest in the strategy.