Memory specialist Micron Technology's (NASDAQ: MU) stock price hit a 52-week high following the company's stellar fiscal fourth-quarter results. As it stands, Micron shares have shot up 140% in the past twelve months thanks to a rally in the prices of dynamic random access memory (DRAM) and NAND flash. But skeptics believe that Micron's party isn't going to last forever. Memory prices will eventually hit a ceiling as more supply comes into the market, triggering a downturn that could knock the wind out of Micron's sales. So does this mean that investors should start booking profits already, or will it pay to remain patient and keep holding Micron stock in the hope of more gains? Also, is it a good time for a new investor to initiate a position in the stock after its big run in the past year? Let's find out. The memory chip industry is a … [Read more...] about Micron Technology at 52-Week Highs: Buy, Sell, or Hold?
show chapters US rules that cheaper imports harmed domestic solar companies 1:18 PM ET Fri, 22 Sept 2017 | 01:14 Shares of First Solar surged on Friday after a U.S. trade agency made a preliminary ruling that cheap imported solar panels had harmed American manufacturers. The stock was up nearly 6 percent at $51.52 after the decision, after earlier spiking to a new 52-week high of $53 a share. The U.S. International Trade … [Read more...] about First Solar surges to 52-week high after favorable trade ruling
How high can they go? That's the most pressing question for five stocks that recently hit 52-week highs. Autohome (NYSE: ATHM), Brookfield Infrastructure Parners (NYSE: BIP), Myriad Genetics (NASDAQ: MYGN), Procter & Gamble (NYSE: PG), and Weibo (NASDAQ: WB) each accomplished the feat. Three of them -- all but Myriad and Procter & Gamble -- set all-time highs. But are these high-flying stocks smart picks for investors right now? Autohome is the leading internet car-buying website in China. The company has been growing earnings at a dizzying pace, with year-over-year earnings growth of nearly 50% in the second quarter. Autohome also beat expectations in the quarter, with revenue growth of more than 13%. The company's continued innovation should allow Autohome to cement its position in the Chinese auto market. Autohome … [Read more...] about 5 Stocks at 52-Week Highs: Are They Buys?
Even blue-chip stocks can get the blues. Three stocks of large companies that have been around a long time recently hit 52-week lows. Ford (NYSE: F), General Electric (NYSE: GE), and International Business Machines (NYSE: IBM) are struggling, but for different reasons. And they're doing so at the same time the overall market indexes have set new record highs. With their depressed share prices, are Ford, General Electric (GE), and International Business Machines (IBM) now bargains? Or are they busts? Ford's stock decline began around three years ago. However, it hasn't been as a result of sinking sales: Ford's revenue increased solidly during the period. However, the company's quarterly bottom-line performance has been all over the map. Probably the biggest factor behind Ford's woes, though, relates to … [Read more...] about 3 Blue-Chip Stocks at 52-Week Lows: Bargains or Busts?
The industrials sector is producing huge surprises this earnings season, what with so many stocks soaring on strong numbers to hit 52-week highs. Three big names, in particular, have caught my attention --Caterpillar Inc. (NYSE: CAT), Illinois Tool Works (NYSE: ITW), and CSX Corp. (NASDAQ: CSX) -- offering up an excellent opportunity to find out what's triggering the rally and if any of these stocks is a buy. Wait, buy at 52-week highs? Yes, you read that right, because it's a mistaken notion that all stocks at 52-week highs are overvalued and bound to fall back. Some stocks can still be fairly priced or even underpriced and can continue to run even higher, especially if they're bouncing off a down cycle. So you could miss out on substantial gains if you blindly overlook stocks hitting fresh 52-week highs. Image source: Getty Images. With that in mind, let's do a quick roundup of the earnings and valuation for Caterpillar, Illinois Tool Works, and CSX, and see which one is worth your … [Read more...] about 3 Big Industrial Stocks Just Hit 52-Week Highs: Why This One Is a Buy
Just because a stock is trading near its 52-week high doesn't necessarily mean it's expensive. We asked four of our contributors to each discuss a stock that fits that description. Here's why Boeing (NYSE: BA), Wal-Mart Stores (NYSE: WMT), Celgene (NASDAQ: CELG), and Johnson & Johnson (NYSE: JNJ) are good buys despite their elevated stock prices. This stock could keep flying higher Dan Caplinger (Boeing): Boeing has had an extremely impressive run over the past several years, and when you look at its core customer base, it's easy to understand why. The aerospace giant has benefited dramatically from the fact that the airline industry in the U.S. has largely recovered from decades of poor performance, and consolidation within the industry has left the remaining players leaner and more efficient than they have been in the past. That in turn has made airlines profitable and better able to afford long-term investments in their businesses, making the more fuel-efficient new models from … [Read more...] about 4 Stocks at 52-Week Highs That Are Still Worth Buying Today
U.S. stocks slipped on Thursday pressured by healthcare shares after proposals in President Donald Trump's budget signaled higher regulatory costs for the sector and a cut in federal funding for medical research. For 2018, the Trump administration has budgeted over $2 billion in fees to be collected by the U.S. Food and Drug Administration from the industry, twice as much as in 2017, according to proposed budget documents released on Thursday. The proposal calls for a scale back to the National Institutes of Health budget by nearly 20 percent and said industries that benefit from the FDA's approval "can and should pay for their share." The S&P 500 healthcare index dropped more than 1 percent, underperforming the broader market. Biogen weighed down the Nasdaq, after two brokerages downgraded the stock, while AbbVie was the biggest drag on the S&P 500. Gains in technology and finance helped stem overall losses. Continue Reading Below ADVERTISEMENT Bank stocks got a boost after … [Read more...] about Wall St Edges Down as Health Care Stocks Hit by Budget Plan
Just because a stock is trading near its 52-week high doesn't necessarily mean it's expensive. We asked four of our contributors to each discuss a stock that fits that description. Here's why Boeing (NYSE: BA), Wal-Mart Stores (NYSE: WMT), Celgene (NASDAQ: CELG), and Johnson & Johnson (NYSE: JNJ) are good buys despite their elevated stock prices. This stock could keep flying higher Dan Caplinger (Boeing): Boeing has had an extremely impressive run over the past several years, and when you look at its core customer base, it's easy to understand why. The aerospace giant has benefited dramatically from the fact that the airline industry in the U.S. has largely recovered from decades of poor performance, and consolidation within the industry has left the remaining players leaner and more efficient than they have been in the past. That in turn has made airlines profitable and better able to afford long-term investments in their businesses, making the more fuel-efficient new models from … [Read more...] about 4 Stocks at 52-Week Highs That Are Still Worth Buying Today Business Markets and Stocks News
The stock market peaked in March, when both the S&P 500 and Dow Jones Industrials reached all-time highs. And while both indices are down a couple percent since, a lot of stocks are still at or near all-time highs -- or at the very least, near the highest they've been in the past year. But that doesn't mean there aren't any stocks worth buying -- even some of those at or near their highs. Three stocks in particular look attractive to our contributors: e-commerce specialist Shopify Inc (US) (NYSE: SHOP), casino and resort operator Wynn Resorts (NASDAQ: WYNN), and homebuilder Lennar Corporation (NYSE: LEN) (NYSE: LEN-B). Image source: Getty Images. Keep reading below to learn what makes these three stocks, all trading at -- or very near -- their 52-week highs, worth buying right now. The company that may save small and local retail Jason Hall (Shopify Inc (US)): Online retail is growing like … [Read more...] about 3 Stocks at 52-Week Highs Still Worth Buying
Image source: Disney. Shares ofDisney(NYSE: DIS)are roaring back to life in 2017. Disney stock has hit fresh 52-week highs six times already this month. The most recent push to new highs was yesterday afternoon, as an analyst upgrade kept the bullish voices percolating. Morgan Stanley's Benjamin Swinburne is boosting his rating on the stock -- going from "equal weight" to "overweight" -- offering up an upbeat prognosis for ESPN. You don't hear a lot of love for Disney's sports juggernaut. Bullish arguments typically cover Disney's recent box office successes and what its proven ecosystem can do with the Marvel, Lucasfilm, and Pixar franchises it has acquired. ESPN has been cast as the pressure point in Disney's portfolio, as cord-cutting millennials threaten the long-term prospects of what is the most expensive non-movie channel in most cable and satellite television programming bundles. With shrinking subscriber counts and escalating league contracts, it's easy to see why ESPN has … [Read more...] about 1 More Bullish Analyst Sends Disney to 52-Week High