The 52-Week-High List: 58 S&P 500 Names On Tuesday

SPY: State Street SPDR S&P 500 ETF Trust logo
SPY
State Street SPDR S&P 500 ETF Trust

A list of market leaders at new highs raises questions about where the real strength lies.

Apple (AAPL), with a market value of about $4990.1 billion, is the largest of 58 S&P 500 companies reaching a 52-week high on Tuesday. The technology giant’s 19.8% gain over the last month far outpaces the S&P 500 return of +1.6%.

When the market’s largest names are leading the charge alongside a cluster of financial firms, what does that signal about the breadth of this strength? The full list of names follows.

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The Biggest Names On The List

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The table below shows the 10 largest of the 58 names, sorted by market capitalization, with returns over four windows:

Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
AAPL $4,990.1 Bil 0.9% 3.8% 19.8% 59.6%
JPM $970.5 Bil 0.3% 3.5% 9.1% 21.9%
V $662.8 Bil 1.1% 3.0% 9.0% 3.5%
ABBV $465.9 Bil 2.4% 2.8% 4.6% 42.6%
BAC $454.4 Bil 0.8% 2.3% 8.2% 32.1%
KO $379.7 Bil 5.0% 7.7% 6.8% 31.2%
MRK $325.9 Bil 0.8% 4.4% 2.5% 60.8%
PM $311.9 Bil 2.3% 6.5% 10.7% 28.9%
RTX $294.6 Bil 0.1% 12.9% 16.3% 41.5%
AMGN $212.3 Bil 4.5% 7.3% 9.7% 32.1%

Is every new high built on the same foundation?

Not all new highs are supported by the same business profile. Apple trades at 40.7 times trailing earnings, backed by revenue growth of 12.8% and an operating margin of 32.6%.

Contrast that with Visa (V), another name on the list. It trades at a lower 29.8 times trailing earnings, yet its revenue grew faster at 14.4% over the last twelve months. Visa’s operating margin is 67.1%. Elsewhere, a name like AbbVie (ABBV) is at its high while trading at 128.2 times trailing earnings.

Is a 52-week high a buy signal or a warning?

Neither. A list of stocks at their strongest price of the year is a map of what the market is rewarding right now. Strength can persist, and these are often well-run companies.

But a high is a price, not a verdict. The disciplined move is to treat this list not as a set of recommendations, but as a screen for further work. The essential question is always whether the underlying business has the earnings and growth to support its new valuation.

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, which is the momentum that tends to have staying power.

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