8 S&P 500 Stocks Just Made New 52-Week Highs

SPY: State Street SPDR S&P 500 ETF Trust logo
SPY
State Street SPDR S&P 500 ETF Trust

A quiet market still produces pockets of extreme strength.

On Monday, July 20, 8 S&P 500 stocks are trading at their 52-week highs. This is a narrow list for a market where the S&P 500 (SPY) has returned just +0.2% over the last month. While the largest company is Welltower (WELL), the most aggressive move is from Valero Energy (VLO), up 30.7% in a single month. The question is whether business fundamentals support such sharp price moves. The names below offer a starting point.

Photo by ArtsyBee on Pixabay

Monday’s Full 52-Week-High List

The table below lists every stock at its 52-week high, largest first, with one-day, one-week, one-month, and one-year returns:

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Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
WELL $171.3 Bil 0.7% 4.4% 18.5% 57.7%
CVS $137.0 Bil 0.1% 1.6% 8.5% 76.2%
MO $124.9 Bil 0.6% 3.9% 8.3% 37.5%
VLO $93.4 Bil 1.2% 5.9% 30.7% 122.1%
MPC $93.0 Bil 0.9% 6.2% 28.9% 84.6%
PSX $83.9 Bil 0.9% 5.3% 24.9% 72.5%
EA $52.3 Bil 0.2% 1.4% 3.1% 40.2%
VTR $45.8 Bil 0.2% 4.6% 17.9% 51.0%

The list’s energy names show price strength despite business contraction.

The list includes a cluster of 3 names from the Oil & Gas Refining & Marketing industry. The strongest one-month run on the list belongs to Valero Energy (VLO), up 30.7% over the last month. That price appreciation contrasts with its business results, where revenue declined 2.8% over the last twelve months. A similar pattern appears in Marathon Petroleum (MPC), where revenue declined 1.7% over the same period.

A new high is a starting point for research, not a conclusion.

A 52-week high list is a map of what is working, and strength can persist. But a price is not a business. The disciplined next step is to check the underlying fundamentals. A stock at its strongest price of the year demands a clear view of whether the business itself earns that valuation.

Before chasing any name on this list, ask what the company itself expects next. Our Guidance Momentum screen surfaces the stocks whose managements just raised their own outlooks, which is the momentum that tends to have staying power.

Strength Is A Clue. It Is Not A Plan

A stock at its 52-week high has momentum on its side, and momentum is a real force. It is also the most crowded signal in the market, and the difference between a run that lasts and one that tops is always the business underneath.

Checking that business, across thousands of names, is how the Trefis High Quality (HQ) Portfolio is assembled: roughly 30 companies that pass the quality screens, rebalanced on rules. It has a track record of outpacing a benchmark that combines all major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Let the highs point; let the discipline decide.