When a stock hits a fresh high, it can mean that it’s on its way to greatness -- or that it has run its course. Even with the risk of the latter, searching for these outperformers can reveal companies that are doing something right, much to their investors' delight.
Let’s dig deeper
With that in mind, we'll use the aggregate intelligence of the 110,000-plus investors participating in Motley Fool CAPS to find stocks hitting 52-week highs yesterday. The community's approval (signified by four- and five-star ratings) could be a sign that further research is in order.
Here are two such stocks:
| Company |
Yesterday's Adjusted Close |
Industry |
CAPS Rating (out of 5) |
Fools Saying Outperform |
|---|---|---|---|---|
|
DXP Enterprises, Inc. |
$62.26 |
Industrial Equipment Wholesale |
|
241 of 254 |
|
Wm. Wrigley Jr. Company |
$79.50 |
Confectioners |
|
574 of 603 |
|
|
Source: Motley Fool CAPS, as of Sept. 3, 2008.
Top-rated industrial equipment wholesale companies:
-
T-3 Energy Services, Inc.
(NASDAQ:TTES) : Stock price is 62% higher than last year. -
Airgas, Inc.
(NYSE:ARG) : Stock price is 26% higher than last year.
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