15 Large Cap Stocks Just Made New 52-Week Highs
As of Friday, October 23, there are 15 Large Cap US and Canada-listed stocks in the Trefis coverage universe trading at their 52-week highs. Large Cap here means a market value above $40 billion.
At about $764.7 billion in market value, Exxon Mobil (XOM) is the largest company on the list; its stock is up 13.0% over the past month and up 64.3% over the past year. By sector, Energy leads the list with 10 of the 15 names. For context, the S&P 500 is down 1.0% over the past month, including dividends.
The 10 Largest, By Market Cap
The table below shows the 10 largest of the 15 names, sorted by market capitalization, with returns over four windows:
| Tickers | Market Cap |
1D Return |
1W Return |
1M Return |
1Y Return |
|---|---|---|---|---|---|
| XOM | $764.7 Bil | 2.8% | 2.4% | 13.0% | 64.3% |
| CVX | $459.4 Bil | 2.9% | 3.7% | 13.4% | 55.8% |
| COP | $183.0 Bil | 3.6% | 2.9% | 16.6% | 78.0% |
| CNQ | $114.4 Bil | 2.1% | 2.3% | 14.9% | 89.1% |
| SU | $93.6 Bil | 2.5% | 1.7% | 15.6% | 109.4% |
| CTAS | $89.7 Bil | 0.0% | 4.9% | 13.4% | 17.0% |
| EOG | $85.8 Bil | 3.2% | 3.2% | 14.9% | 58.4% |
| KMI | $76.6 Bil | 2.1% | 0.7% | 10.2% | 29.9% |
| TRGP | $64.9 Bil | 4.4% | 2.5% | 6.8% | 100.0% |
| LNG | $62.4 Bil | 4.1% | 3.2% | 8.1% | 34.4% |
What Sits Behind The Biggest New Highs?
Exxon Mobil (XOM) trades at 23.3 times trailing earnings, grew revenue 9.6% over the last twelve months and earned an operating margin of 10.7%.
Chevron (CVX) trades at 22.3 times trailing earnings, grew revenue 11.2% over the last twelve months and earned an operating margin of 12.4%.
Across the list, one-month moves range from +1.6% for IQVIA (IQV) to +19.7% for Waste Connections (WCN).
The median stock on the list is up 55.8% over the past year.
10 of the 15 names are also S&P 500 members.
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: 10 of the 15 names are Energy stocks. When a whole group is making new highs together, an oil and gas ETF like XOP, which holds 4 of the 6 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.