10 Large Cap Stocks Hit 52-Week Highs On Tuesday
A short list of market leaders is dominated by a single, powerful industry theme.
As of Tuesday, 10 Large Cap US and Canada-listed stocks with a market value above $40 billion are trading at their 52-week highs. The list includes Chevron (CVX), a company with a market value of about $415.7 billion.
The striking feature is the concentration. 7 of the 10 names are in the Energy sector, all while the S&P 500 has returned just +0.5% over the last month. This raises a key question: what does such a narrow list, dominated by one group, say about the current market? Below are the names trading at their strongest price of the past year.
Tuesday’s Full 52-Week-High List
- The 52-Week-Low List: 11 S&P 500 Names On Tuesday
- 50 Stocks Just Touched 52-Week Lows
- S&P 500 Movers | Winners: MRNA, EIX, PCG | Losers: AXON, CDNS, IBKR
- 9 S&P 500 Stocks Just Made New 52-Week Highs
- The 52-Week-High List: 17 Small Cap Names On Tuesday
- The 52-Week-High List: 3 Mid Cap Names On Tuesday
Here are all 10 names, sorted by market capitalization, with returns over four windows:
| Tickers | Market Cap |
1D % Chg |
1W % Chg |
1M % Chg |
1Y % Chg |
|---|---|---|---|---|---|
| CVX | $415.74 Bil | 2.4% | 5.6% | 10.2% | 36.6% |
| VZ | $209.65 Bil | 0.6% | 0.1% | 6.2% | 21.5% |
| DE | $182.61 Bil | 3.2% | 7.2% | 11.7% | 43.0% |
| COP | $165.26 Bil | 2.8% | 3.3% | 15.1% | 41.9% |
| MPC | $110.69 Bil | 2.6% | 7.9% | 25.1% | 116.7% |
| CNQ | $107.66 Bil | 3.5% | 4.5% | 11.8% | 71.4% |
| VLO | $106.43 Bil | 0.9% | 6.3% | 17.7% | 143.2% |
| PSX | $101.05 Bil | 2.2% | 6.4% | 22.9% | 94.3% |
| MSI | $81.45 Bil | 1.2% | 1.2% | 12.4% | 5.1% |
| CVE | $61.63 Bil | 3.0% | 7.7% | 12.0% | 105.2% |
Has the price run ahead of the business?
Marathon Petroleum (MPC) shows the most extreme one-month gain, up 25.1%. Over the last twelve months, its revenue grew 15.0% and its operating margin is 7.5%.
Deere (DE) has also seen a strong gain of 11.7% over the last month. It now trades at 37.4 times trailing earnings, following revenue growth of 8.0% over the last twelve months.
A 52-week high is a starting point, not a conclusion.
Strength can persist, and stocks at new highs often continue to climb. But a price is just a price, not a verdict on the underlying business.
The disciplined next step is to look past the ticker. The question is always whether the company’s fundamentals can support its new, higher 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.
One more pattern worth noticing: 7 of the 10 names are Energy stocks. When a whole group is making new highs together, an energy ETF like XLE, which holds 5 of these names, is one way to own part of the group’s strength without betting on which single name leads it from here.
New Highs Fade. Discipline Compounds
Some of the names on this list will keep setting highs for years, and some are at the top of their run right now. Sorting one from the other, name by name, every day, is the work most investors never keep up with.
That sorting is what the Trefis High Quality (HQ) Portfolio does systematically: about 30 quality businesses screened for the fundamentals that sustain a run, held with rules instead of excitement. It has a track record of outpacing a benchmark that combines the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Use the high list for ideas; use the portfolio for the compounding.