7 Green Days In A Row: Everpure Stock Is Up 28%
Shares of Everpure (P) have closed higher in each of the last 7 sessions, a cumulative gain of 27.8%. That added about $10.2 billion to the company’s market value, which now stands at about $46.7 billion. The stock closed at $140.14 on Friday, October 2.
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 Friday, October 2 and including dividends:
| Return Period | P | S&P 500 |
|---|---|---|
| 1 Day | 4.5% | 0.7% |
| 7 Days (Current Streak) | 27.8% | 0.2% |
| 1 Month (21 Trading Days) | 51.6% | 0.8% |
| 3 Months (63 Trading Days) | 80.3% | 2.7% |
How The Streak Compares With The Market
Over the same 7 trading days, the S&P 500 returned +0.2% including dividends, so the run is mostly Everpure’s own story rather than the market’s. 1 other S&P 500 stock is currently on winning streaks of 7 days or longer. Over the past three months the stock is up 80.3%, a window that includes the streak; over the other 56 sessions of that window it was up 41.1%.
Do The Fundamentals Support The Run?
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 21.7%; and the stock trades at 184.2 times trailing earnings against a median of 37.2. 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.
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.