S&P 500 Stocks At 52-Week Highs: Friday’s Full List

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State Street SPDR S&P 500 ETF Trust

A small group of market leaders is breaking out, but not all new highs are created equal.

The largest company on today’s 52-week-high list, Arista Networks, has a market value of about $235.1 billion and has gained 22.9% over the last month. As of Friday, July 10, it is one of 17 S&P 500 stocks at its strongest price of the last year, a period where the index itself returned +2.4%.

This raises a critical question for any disciplined investor: does the underlying business performance of these leaders earn such a powerful run? The full list of names follows.

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Friday’s Full 52-Week-High List

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The table below shows the 10 largest of the 17 names, sorted by market capitalization, with returns over four windows:

Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
ANET $235.1 Bil 1.2% 16.9% 22.9% 75.9%
UNP $170.2 Bil 0.7% 1.7% 5.8% 24.1%
CSX $91.9 Bil 0.1% 1.1% 4.5% 50.3%
MPC $83.7 Bil 0.2% 6.5% 9.9% 61.4%
NSC $73.5 Bil 1.1% 1.5% 4.9% 28.3%
ALL $65.3 Bil 1.2% 0.5% 15.9% 32.2%
GWW $65.1 Bil 0.8% 2.4% 3.5% 32.8%
D $61.6 Bil 0.9% 0.5% 5.8% 28.0%
STT $50.2 Bil 0.0% 5.6% 10.9% 69.0%
MTB $36.2 Bil 1.8% 1.4% 7.5% 24.5%

Are these new highs built on solid business growth?

Arista Networks (ANET) stands out for its fundamentals. The stock trades at 63.2 times trailing earnings, but its revenue grew 30.6% over the last twelve months with an operating margin of 42.8%.

The picture is different in the Rail Transportation cluster, which has 3 names on the list. CSX (CSX), for example, reached its high even as its revenue declined 0.9% over the last twelve months. Union Pacific (UNP) saw revenue grow just 1.9%.

What is the right way to treat a 52-week-high list?

Strength is often a persistent signal in the market. Stocks at new highs have a tendency to continue their runs. But a price is just a price, not a verdict on a company’s quality or future.

The disciplined move is to treat this list not as a set of buy signals, but as a starting point for work. The essential question is always whether the business fundamentals, growth, margins, and earnings, can support the stock’s new, higher valuation.

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 the difference between a run that lasts and one that tops is always 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 all major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Let the highs point; let the discipline decide.