I love bargain stocks, especially when they're hitting 52-week lows. Still, it can be instructive to also look at stocks that are riding high.
For one thing, they can make good sell candidates. More optimistically, we may be able to find a few companies that can continue their upward climbs.
In this series, I'll be searching industry by industry for stocks reaching 52-week highs. That way, we'll be able to make a few quick comparisons among semi-related companies.
There are 24 industry groups as defined by the Global Industry Classification Standard (GICS). Technology hardware and equipment is one of them.
Below are the top eight companies in this space, by market cap, that are within spitting distance of their 52-week highs.
|
Company |
Recent Price |
52-Week Low |
52-Week High |
P/E Ratio (Trailing) |
|---|---|---|---|---|
|
Apple |
$305.24 |
$185.60 |
$319.00 |
20.0 |
| Tyco International |
$38.84 |
$32.90 |
$40.61 |
17.4 |
|
NetApp |
$51.90 |
$26.90 |
$52.71 |
38.4 |
|
Juniper Networks |
$32.02 |
$22.30 |
$32.84 |
38.1 |
|
Xerox |
$11.60 |
$7.32 |
$11.73 |
23.2 |
|
Tyco Electronics |
$31.71 |
$21.00 |
$32.98 |
16.1 |
|
Agilent Technologies |
$34.90 |
$24.60 |
$37.43 |
29.1 |
|
Amphenol |
$50.04 |
$37.80 |
$50.44 |
19.1 |
Sources: Capital IQ, a division of Standard & Poor's; and Yahoo! Finance.
I've asked recently whether Apple is a bubble. The short answer is that I don't believe it is. Its earnings and potential growth are tempting me to jump in, even at these seemingly stratospheric prices.
The long answer is … well, just read my article.
Or, check out the list of hardware stocks near 52-week lows.
Still want more reading? If you're interested in reading more about any of these stocks, add them to My Watchlist to find all of our Foolish analysis on them.
