The 52-Week-High List: 54 Mid Cap Names On Wednesday
As of Wednesday, November 4, there are 54 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 $39.3 billion in market value, Crown Castle (CCI) is the largest company on the list; its stock is up 35.0% over the past month and up 8.3% over the past year. For context, the S&P 500 is down 1.6% over the past month, including dividends.
The Ten Largest At New Highs
The table below shows the 10 largest of the 54 names, sorted by market capitalization, with returns over four windows:
| Tickers | Market Cap |
1D Return |
1W Return |
1M Return |
1Y Return |
|---|---|---|---|---|---|
| CCI | $39.3 Bil | 6.5% | 5.0% | 35.0% | 8.3% |
| WEC | $38.6 Bil | 2.3% | 6.9% | 14.5% | 10.4% |
| BIIB | $37.6 Bil | 2.2% | 4.3% | 14.2% | 68.0% |
| CNC | $37.6 Bil | 12.6% | 13.4% | 17.6% | 120.3% |
| ACGL | $37.2 Bil | 2.7% | 8.0% | 16.7% | 28.7% |
| MTD | $34.7 Bil | 1.5% | 1.5% | 12.4% | 22.5% |
| EXR | $33.9 Bil | 3.1% | 11.3% | 20.3% | 28.5% |
| WSM | $31.8 Bil | 6.5% | 8.0% | 11.8% | 42.1% |
| FTS | $31.3 Bil | 2.0% | 6.3% | 15.1% | 26.5% |
| SN | $30.9 Bil | 4.1% | 10.6% | 18.7% | 157.0% |
Strong Prices, But How Strong Are The Businesses?
Crown Castle (CCI) trades at 47.8 times trailing earnings, saw revenue decline 5.3% over the last twelve months and earned an operating margin of 47.8%.
WEC Energy (WEC) trades at 21.3 times trailing earnings, grew revenue 8.1% over the last twelve months and earned an operating margin of 24.8%.
Across the list, one-month moves range from +0.4% for Bio-Techne (TECH) to +52.7% for Glaukos (GKOS).
Over the past year, the median name here is up 33.1%.
32 of the 54 names are also S&P 500 members.
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.
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.