24 S&P 500 Stocks Hit 52-Week Highs On Wednesday

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As of Wednesday, October 21, there are 24 S&P 500 stocks trading at their 52-week highs.

Apple (AAPL), with a market value of about $5.04 trillion, is the largest company on the list; its stock is up 1.2% over the past month and up 31.7% over the past year. By sector, Health Care leads the list with 8 of the 24 names. For context, the S&P 500 is flat 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 24 names, sorted by market capitalization, with returns over four windows:
 

Tickers Market
Cap
1D
Return
1W
Return
1M
Return
1Y
Return
AAPL $5,041.6 Bil 1.3% 0.3% 1.2% 31.7%
V $767.1 Bil 0.3% 4.2% 12.7% 19.4%
MA $549.2 Bil 0.4% 3.2% 12.2% 10.6%
CVX $446.7 Bil 0.5% 2.1% 12.0% 52.6%
ADP $117.4 Bil 0.6% 5.1% 9.2% 7.1%
MAR $106.6 Bil 1.7% 8.7% 16.1% 56.7%
CTAS $88.1 Bil 1.4% 5.5% 10.7% 15.6%
TRV $82.5 Bil 0.8% 5.6% 10.2% 52.7%
HLT $82.2 Bil 0.8% 10.4% 17.4% 39.0%
MET $65.7 Bil 1.0% 2.5% 6.5% 33.5%

Strong Prices, But How Strong Are The Businesses?

Apple (AAPL) trades at 39.1 times trailing earnings, grew revenue 14.2% over the last twelve months and earned an operating margin of 33.2%.

Visa (V) trades at 34.0 times trailing earnings, grew revenue 14.4% over the last twelve months and earned an operating margin of 65.6%.

Across the list, one-month moves range from +0.1% for Bio-Techne (TECH) to +31.2% for Hasbro (HAS).

Over the past year, the median name here is up 29.9%.

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.

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.