Please ensure Javascript is enabled for purposes of website accessibility

3 Surprising Stocks Hitting New Highs Last Week

By Rick Munarriz - Oct 13, 2019 at 5:00PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A luxury lifestyles retailer, consumer tech giant, and electronic signature specialist all raised the bar last week.

There were more stocks hitting new lows than reaching new highs last week, but we still saw nearly 370 investments score new 52-week high-water marks over the past year. There always seem to be winners out there.

RH (RH -4.90%), Apple (AAPL 0.03%), and DocuSign (DOCU -5.83%) are some of the more surprising names scoring fresh highs over the past week. Let's take a closer look into what's making these three companies thrive in an otherwise lukewarm investing climate, and setting themselves up as candidates for investors hoping to buy into the market's top stocks.

A high-end dining room set from RH in a gallery setting..

Image source: RH.


Home decor isn't a hot niche these days, with many of the retailers specializing in home goods falling out of favor. RH is thriving as a luxury lifestyles retailer, bucking the trend and triggering another all-time high on Friday. Shifting to a membership model for its high-end furnishings is a hit with its well-to-do target audience. 

RH is still coasting higher after posting another strong financial report in mid-September. Revenue rose 10% in last month's blowout performance, and the chain isn't having to sacrifice margins to drive sales like many of its other downmarket peers. Expanding margins and aggressive share buybacks find reported and adjusted earnings climbing higher on an absolute basis and even higher on a per-share basis. 

Investors have been rewarded by RH, as the chain keeps boosting its guidance with every passing quarter. Last month's report found the retailer lifting its outlook for the fiscal year to an adjusted profit per share between $10.53 and $10.76 on $2.68 billion to $2.694 billion in revenue, up $1.24 to $1.45 per share on the bottom line and as much as $22 million on the top line. 


The leading consumer tech company has finally regained its market cap crown, for now. Apple joins RH in hitting another all-time high on Friday, finally taking out its previous peak from last October. Apple's resurgence comes despite revenue declines in two of the past three quarters. 

The boom in Apple's services segment has helped overcome the slowdown in hardware sales. Services will get another boost when Apple TV+ launches at the start of next month. Last month's iPhone 11 launch came with the typical improved camera and battery life specs, but the buzz is now building for next year's model, which is likely to take full advantage of the 5G wireless carrier rollout.


It's getting easier to sign documents electronically for all functions that used to require live ink, and DocuSign is leading the charge as the platform of choice. Like RH, DocuSign is rolling after posting a stronger-than-expected quarterly report last month. Revenue soared 41% for its fiscal second quarter, with billings climbing by an encouraging 47%.

Like RH, DocuSign also boosted its full-year outlook during last month's blowout report. DocuSign is eyeing $947 million to $951 million in revenue for the entire fiscal year. It was only targeting top-line results of between $917 million and $922 million back in early July. If there's one thing that's always in fashion, it's when a company delivers a strong quarter backed by a rosier near-term outlook. 

Rick Munarriz owns shares of Apple. The Motley Fool owns shares of and recommends Apple and DocuSign. The Motley Fool has the following options: short January 2020 $155 calls on Apple, long January 2020 $150 calls on Apple, short January 2020 $155 calls on Apple, and long January 2020 $150 calls on Apple. The Motley Fool recommends RH. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Apple Inc. Stock Quote
Apple Inc.
$164.92 (0.03%) $0.05
RH Stock Quote
$283.06 (-4.90%) $-14.59
DocuSign Stock Quote
$69.99 (-5.83%) $-4.33

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/10/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.