The 52-Week-High List: 19 Mid Cap Names On Friday

As of Friday, October 23, there are 19 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.

First Citizens BancShares (FCNCA), with a market value of about $27.4 billion, is the largest company on the list; its stock is up 15.5% over the past month and up 36.9% over the past year. For context, the S&P 500 is down 1.0% over the past month, including dividends.

The 10 Largest, By Market Cap

The table below shows the 10 largest of the 19 names, sorted by market capitalization, with returns over four windows:

What Sits Behind The Biggest New Highs?

First Citizens BancShares (FCNCA) trades at 11.6 times trailing earnings and grew revenue 0.7% over the last twelve months.

Rubrik (RBRK) grew revenue 42.4% over the last twelve months and posted an operating margin of -18.3%.

Across the list, one-month moves range from +5.4% for Revvity (RVTY) to +35.3% for Hasbro (HAS).

The median stock on the list is up 43.0% over the past year.

8 of the 19 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.