A 6-Day Winning Streak Has Phillips 66 Stock Up 7.7%
Phillips 66 (PSX) stock is on a 6-day winning streak, up 7.7% since the run began. That added about $7.8 billion to the company’s market value, which now stands at about $108.9 billion. The stock closed at $271.62 on Wednesday, October 7, 0.9% below its 52-week high of $274.21 and 120.6% above its low of $123.11.
How The Streak Stacks Up Against The S&P 500
Returns for PSX and the S&P 500 over the streak and the periods around it, all ending Wednesday, October 7 and including dividends:
| Return Period | PSX | S&P 500 |
|---|---|---|
| 1 Day | 0.7% | -0.2% |
| 6 Days (Current Streak) | 7.7% | 1.7% |
| 1 Month (21 Trading Days) | 4.8% | 1.8% |
| 3 Months (63 Trading Days) | 43.9% | 3.7% |
| Year To Date | 114.9% | 15.0% |
| 1 Year (252 Trading Days) | 110.4% | 17.1% |
How The Streak Compares With The Market
The market explains little of this: the S&P 500 gained 1.7% over the same 6 sessions, including dividends, against Phillips 66’s +7.7%. 4 other S&P 500 stocks are currently on winning streaks of 6 days or longer. Over the past three months the stock is up 43.9%, a window that includes the streak; over the other 57 sessions of that window it was up 33.6%.
Do The Fundamentals Support The Run?
On the fundamentals, revenue grew 14.4% over the last twelve months, against a median of 12.5% for S&P 500 Energy stocks; its operating margin is 4.6%, versus a median of 22.9%; and the stock trades at 15.4 times trailing earnings against a median of 17.0. The read is mixed: revenue growth above the median and a multiple below 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.
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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.