Large Cap Stocks Trading At 52-Week High
As on Thursday, August 7, 19 Large Cap stocks from the Russell 3000 are trading at their 52-week highs. Among these stocks, Shopify (SHOP) has outpaced the rest in the last one month, generating a robust 38% return over this period.
Stocks At 52W Highs
Below is a list of 10 Large Cap stocks out of the 19 stocks, sorted by market capitalization – highlighting some impressive near-term gains across industries ranging from Application Software and Electronic Components to Automotive Retail and Gold:
| Tickers | Market Cap |
1D % Chg |
1W % Chg |
1M % Chg |
1Y % Chg |
|---|---|---|---|---|---|
| ORCL | $719.8 Bil | 0.3% | 2.3% | 9.4% | 94.4% |
| PLTR | $421.7 Bil | 3.6% | 13.2% | 28.5% | 625.7% |
| SHOP | $200.7 Bil | 22.0% | 25.9% | 37.7% | 184.6% |
| GEV | $180.8 Bil | 2.3% | 1.5% | 25.4% | 304.2% |
| ANET | $174.9 Bil | 17.5% | 13.7% | 34.2% | 73.8% |
| APH | $133.1 Bil | 1.5% | 3.8% | 12.4% | 86.9% |
| DASH | $108.8 Bil | 1.1% | 4.1% | 6.9% | 120.1% |
| MO | $106.3 Bil | 1.0% | 2.7% | 6.1% | 33.1% |
| DUK | $97.3 Bil | 1.0% | 3.9% | 7.7% | 14.1% |
What is the point? Stocks near 52-week highs signal strong momentum and investor conviction. This level often serves as an anchor for investor expectations and can trigger further institutional buying. It is not just a number, but a potential continuation setup. But fundamentals matter when evaluating such stocks. In above, we find Oracle (ORCL) and Palantir Technologies (PLTR) Attractive but Volatile.
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While the current highs seen by these stocks reflect investor confidence in these companies, have you considered the risk associated with them? As an alternative, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.