18 Large Cap Stocks Hit 52-Week Highs On Wednesday

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As of Wednesday, November 11, there are 18 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 $5.18 trillion in market value, Apple (AAPL) is the largest company on the list; its stock is up 4.1% over the past month and up 32.3% over the past year. 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 18 names, sorted by market capitalization, with returns over four windows:
 

Tickers Market
Cap
1D
Return
1W
Return
1M
Return
1Y
Return
AAPL $5,177.7 Bil 2.0% 1.7% 4.1% 32.3%
LLY $1,281.9 Bil 0.3% 1.4% 23.2% 49.6%
BRK-B $1,258.6 Bil 0.8% 1.6% 13.0% 18.4%
ABBV $521.8 Bil 0.4% 0.1% 8.2% 38.9%
KO $419.8 Bil 0.7% 1.8% 8.3% 42.0%
DIS $208.0 Bil 0.4% 0.6% 10.2% 8.1%
BLK $189.8 Bil 0.3% 0.2% 15.0% 15.7%
CME $113.1 Bil 2.2% 2.5% 13.6% 18.3%
MAR $111.8 Bil 0.2% 1.0% 15.5% 49.0%
ICE $101.3 Bil 2.4% 3.2% 15.5% 22.4%

What Sits Behind The Biggest New Highs?

Apple (AAPL) trades at 39.2 times trailing earnings, grew revenue 15.1% over the last twelve months and earned an operating margin of 33.0%.

Eli Lilly (LLY) trades at 46.5 times trailing earnings, grew revenue 45.5% over the last twelve months and earned an operating margin of 51.3%.

Across the list, one-month moves range from +4.1% for Apple (AAPL) to +25.3% for Waste Connections (WCN).

Over the past year, the median name here is up 35.3%.

17 of the 18 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.

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.