17 Mid Cap Stocks Just Made New 52-Week Highs

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As of Friday, November 13, there are 17 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 $39.2 billion in market value, Cboe Global Markets (CBOE) is the largest company on the list; its stock is up 21.9% over the past month and up 45.4% over the past year. Financials contributed the most names, 7 of the 17. For context, the S&P 500 is down 2.3% 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 17 names, sorted by market capitalization, with returns over four windows:
 

Tickers Market
Cap
1D
Return
1W
Return
1M
Return
1Y
Return
CBOE $39.2 Bil 1.8% 6.3% 21.9% 45.4%
WEC $38.4 Bil 0.9% 2.3% 11.8% 9.4%
CPAY $30.3 Bil 1.4% 1.6% 13.8% 61.2%
WRB $30.1 Bil 0.4% 2.9% 4.7% 3.8%
WST $29.3 Bil 1.2% 4.2% 8.8% 52.5%
TW $27.9 Bil 0.8% 3.9% 18.5% 21.4%
CHD $26.8 Bil 1.4% 3.6% 9.9% 34.4%
U $23.3 Bil 5.2% 2.6% 21.9% 31.9%
EVRG $20.5 Bil 0.6% 1.4% 8.8% 18.8%
RGA $17.9 Bil 0.5% 5.1% 4.2% 46.4%

The Businesses Behind The Largest New Highs

Cboe Global Markets (CBOE) trades at 26.5 times trailing earnings, grew revenue 14.3% over the last twelve months and earned an operating margin of 35.5%.

WEC Energy (WEC) trades at 21.2 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 +0.5% for Bio-Techne (TECH) to +32.5% for Procore Technologies (PCOR).

The median stock on the list is up 26.9% over the past year.

10 of the 17 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.

Chasing Highs Is A Reflex. Owning Strength Is A System

A 52-week-high list is seductive: everything on it has been going right. But buying a stock because it is at its high is buying a price, and prices revert; what persists is the quality underneath the run.

The Trefis High Quality (HQ) Portfolio is built to own that quality before and after it makes headlines: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with 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. Admire the list; own the system.