The 52-Week-High List: 18 S&P 500 Names On Wednesday

SPYYTD+13.5%SPYYTD+13.5%QQQYTD+18.9%
Analyze SPY →

As of Wednesday, October 14, there are 18 S&P 500 stocks trading at their 52-week highs.

Apple (AAPL), with a market value of about $5.03 trillion, is the largest company on the list; its stock is up 3.5% over the past month and up 39.0% over the past year. By sector, Energy leads the list with 7 of the 18 names. For context, the S&P 500 is up 1.8% over the past month, including dividends.

Photo by ArtsyBee on Pixabay

 
The Biggest Names On The List

The table below shows the 10 largest of the 18 names, sorted by market capitalization, with returns over four windows:
 

Tickers Market
Cap
1D
Return
1W
Return
1M
Return
1Y
Return
AAPL $5,026.5 Bil 0.5% 1.9% 3.5% 39.0%
XOM $738.8 Bil 1.7% 7.9% 4.5% 62.3%
CVX $437.4 Bil 2.0% 8.2% 2.0% 51.9%
KO $394.9 Bil 1.9% 6.9% 3.5% 41.0%
PM $320.3 Bil 3.2% 6.7% 6.8% 33.5%
GILD $190.9 Bil 3.8% 4.6% 4.9% 33.1%
COP $172.7 Bil 1.0% 9.6% 0.8% 65.4%
PFE $166.5 Bil 3.0% 4.3% 6.0% 26.4%
MPC $140.1 Bil 1.7% 9.6% 18.0% 168.8%
VLO $135.2 Bil 0.7% 8.4% 15.8% 190.9%

What Sits Behind The Biggest New Highs?

Apple (AAPL) trades at 39.0 times trailing earnings, grew revenue 14.2% over the last twelve months and earned an operating margin of 33.2%.

Exxon Mobil (XOM) trades at 22.6 times trailing earnings, grew revenue 9.6% over the last twelve months and earned an operating margin of 10.7%.

Across the list, one-month moves range from +0.3% for EOG Resources (EOG) to +21.0% for Mettler-Toledo International (MTD).

Over the past year, the median name here is up 52.1%.

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.

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.