Everpure Stock: 5 Straight Green Days, Up 19%
Everpure (P) stock is on a 5-day winning streak, up 19.3% since the run began. That added about $7.0 billion to the company’s market value, which now stands at about $43.5 billion. The stock closed at $130.78 on Wednesday, September 30.
The Streak Next To The S&P 500
Returns for P and the S&P 500 over the streak and the periods around it, all ending Wednesday, September 30 and including dividends:
| Return Period | P | S&P 500 |
|---|---|---|
| 1 Day | 0.6% | -0.2% |
| 5 Days (Current Streak) | 19.3% | -0.7% |
| 1 Month (21 Trading Days) | 40.7% | -0.3% |
| 3 Months (63 Trading Days) | 69.5% | 2.5% |
A Stock-Specific Run, Or A Market Move?
The market explains little of this: the S&P 500 lost 0.7% over the same 5 sessions, including dividends, against Everpure’s +19.3%. 1 other S&P 500 stock is currently on winning streaks of 5 days or longer. Over the past three months the stock is up 69.5%, a window that includes the streak; over the other 58 sessions of that window it was up 42.1%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 27.2% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 5.3%, versus a median of 21.6%; and the stock trades at 171.9 times trailing earnings against a median of 37.3. The numbers make the run harder to justify: margins below the median and a multiple well above the median. At this price, the stock is asking a lot of the business.
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.
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