7 S&P 500 Stocks Just Made New 52-Week Highs
As of Wednesday, October 7, there are 7 S&P 500 stocks trading at their 52-week highs.
AbbVie (ABBV), with a market value of about $480.0 billion, is the largest company on the list; its stock is up 9.1% over the past month and up 21.5% over the past year. By sector, Information Technology leads the list with 4 of the 7 names. For context, the S&P 500 is up 1.8% over the past month, including dividends.
The Complete 52-Week-High List
Here are all 7 names, sorted by market capitalization, with returns over four windows:
| Tickers | Market Cap |
1D Return |
1W Return |
1M Return |
1Y Return |
|---|---|---|---|---|---|
| ABBV | $480.0 Bil | 1.8% | 3.7% | 9.1% | 21.5% |
| ANET | $272.0 Bil | 0.2% | 6.0% | 10.7% | 44.4% |
| MPC | $127.8 Bil | 2.3% | 11.8% | 11.2% | 132.4% |
| VLO | $124.7 Bil | 1.2% | 9.4% | 10.8% | 165.0% |
| HPE | $96.3 Bil | 2.3% | 12.8% | 29.0% | 196.0% |
| NTAP | $46.2 Bil | 3.2% | 12.2% | 24.7% | 98.4% |
| ZBRA | $18.4 Bil | 0.1% | 3.4% | 9.5% | 27.9% |
Strong Prices, But How Strong Are The Businesses?
AbbVie (ABBV) trades at 76.1 times trailing earnings, grew revenue 10.4% over the last twelve months and earned an operating margin of 33.9%.
Arista Networks (ANET) trades at 67.2 times trailing earnings, grew revenue 32.6% over the last twelve months and earned an operating margin of 43.1%.
Across the list, one-month moves range from +9.1% for AbbVie (ABBV) to +29.0% for Hewlett Packard Enterprise (HPE).
Over the past year, the median name here is up 98.4%.
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.
One more pattern worth noticing: 4 of the 7 names are Information Technology stocks. When a whole group is making new highs together, a technology ETF like XLK, 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.
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 what separates a run that lasts from one that tops is usually 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 the S&P 500, the S&P MidCap 400, and the Russell 2000. Let the highs point; let the discipline decide.