The 52-Week-High List: 6 Mid Cap Names On Friday
As of Friday, October 2, there are 6 Mid Cap US and Canada-listed stocks in the Trefis coverage universe trading at their 52-week highs. Mid Cap here means a market value between $10 billion and $40 billion, the upper figure excluded.
At about $24.4 billion in market value, Rubrik (RBRK) is the largest company on the list; its stock is up 36.0% over the past month and up 43.9% over the past year. By sector, Information Technology leads the list with 4 of the 6 names. For context, the S&P 500 is up 0.8% over the past month, including dividends.
The Full List, Largest First
The table below lists all 6 names this screen surfaced, largest first, with one-day, one-week, one-month and one-year returns:
| Tickers | Market Cap |
1D Return |
1W Return |
1M Return |
1Y Return |
|---|---|---|---|---|---|
| RBRK | $24.4 Bil | 2.8% | 8.2% | 36.0% | 43.9% |
| WCC | $18.6 Bil | 2.8% | 3.9% | 14.8% | 80.6% |
| SMTC | $18.2 Bil | 4.4% | 6.9% | 45.6% | 171.9% |
| DT | $17.3 Bil | 0.1% | 2.4% | 16.6% | 22.8% |
| ARW | $12.4 Bil | 4.5% | 4.0% | 16.3% | 98.9% |
| TXG | $12.2 Bil | 5.3% | 9.1% | 51.7% | 654.6% |
The Businesses Behind The Largest New Highs
Rubrik (RBRK) grew revenue 42.4% over the last twelve months and posted an operating margin of -18.3%.
WESCO International (WCC) trades at 26.2 times trailing earnings, grew revenue 12.5% over the last twelve months and earned an operating margin of 5.4%.
Across the list, one-month moves range from +14.8% for WESCO International (WCC) to +51.7% for 10x Genomics (TXG).
The median stock on the list is up 89.8% over the past year.
A new high tells you what the market already believes. The harder question is which of these runs management itself is underwriting. Our Guidance Momentum screen tracks exactly that: stocks where the company raised its own forward numbers.
One more pattern worth noticing: 4 of the 6 names are Information Technology stocks. When a whole group is making new highs together, a software ETF like IGV, which holds 2 of the 4 largest of them, 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 S&P 500, the S&P MidCap 400, and the Russell 2000. Use the high list for ideas; use the portfolio for the compounding.