Happy 4th of July! My screener found twenty-eight US all-time highs on the NYSE, AMEX, and NASDAQ exchanges last week. The number fell from 57 the week before, which isn't surprising since the indices took a beating - The Russell 2000 (IWM) lost almost 7.5%! The number of all-time highs has gotten 'support' around 20 during the uptrend we've experienced in the last 8 months (since I started keeping track on the blog. See the chart here). I'm curious if this pattern will continue or if we will see a real wash-out sell-off.
As an aside, there were no new all-time highs between $2 and $10 on the US exchanges.
For this week's all-time high list the table below shows the sectors represented. Healthcare stocks are most numerous. I use the table as a quick scan for fundamentals (Piotroski score above 7 is good), earnings growth (EPS), not over-extended (too far above the 20-day moving average or with an RSI over 70), and with growing institutional buying.
Looking at the charts is key, though, and from a technical perspective, VGR (Vector Group) looks good because it made a new high on Friday on above average volume. I would consider it for a trade but I would be cautious because its fundamentals are questionable. For example, it has a Piotroski score of 4 (caution), institutions are selling (caution), and upon further research (here) I see it has a dividend payout ratio of 350% (warning!). Therefore, this stock could be a rocket if they don't cut their whopping 9.2% dividend, but, be prepared to lose 50% in one overnight-gap if they do cut their dividend.
Looking at the charts is key, though, and from a technical perspective, VGR (Vector Group) looks good because it made a new high on Friday on above average volume. I would consider it for a trade but I would be cautious because its fundamentals are questionable. For example, it has a Piotroski score of 4 (caution), institutions are selling (caution), and upon further research (here) I see it has a dividend payout ratio of 350% (warning!). Therefore, this stock could be a rocket if they don't cut their whopping 9.2% dividend, but, be prepared to lose 50% in one overnight-gap if they do cut their dividend.
| Information About Last Week's All-Time Highs | ||||||||
| Symbol | Sector | Piotroski score | EPS next 5Y | SMA20 | RSI (14) | Inst Own | Inst Trans | LT Debt/Eq |
| AIPC | Consumer Goods | 5 | 8.50% | 17.00% | 81.26 | 92.76% | 3.81% | 0.00 |
| AKO.B | _ | NaN | ||||||
| AZO | Services | 7 | 12.33% | 1.16% | 56.53 | 93.59% | -6.98% | - |
| BCA | Financial | 4 | - | 3.71% | 59.29 | 0.40% | - | 0.00 |
| BCH | Financial | 3 | 2.00% | 0.60% | 51.91 | 0.81% | -8.98% | 2.64 |
| BGH | Basic Materials | 3 | 8.55% | 6.15% | 63.52 | 28.17% | -0.87% | 5.95 |
| CIB | Financial | 3 | 13.70% | 3.23% | 63.82 | 14.96% | -4.66% | 0.61 |
| DLTR | Services | 6 | 14.13% | 3.31% | 62.80 | 95.00% | 0.65% | 0.19 |
| EGO | Basic Materials | 6 | 34.00% | -3.94% | 45.60 | 66.71% | 0.91% | 0.05 |
| EVVV | Healthcare | 7 | 24.33% | 0.36% | 68.85 | 67.50% | 3.66% | 0.00 |
| EW | Healthcare | 3 | 18.86% | 2.92% | 58.75 | 89.11% | 3.76% | 0.11 |
| GOLD | _ | 7 | - | 1.06% | 55.00 | 62.32% | -3.56% | 0.00 |
| GYRO | Financial | 2 | - | 79.64% | 91.90 | 18.06% | -15.51% | 1.27 |
| HTWR | Healthcare | 1 | 66.00% | -1.29% | 50.93 | 41.04% | 45.10% | 0.00 |
| HWK | Industrial Goods | 8 | 46.90% | 17.15% | 68.09 | 50.56% | -3.18% | 0.99 |
| MIL | Healthcare | 7 | 11.37% | 0.03% | 54.97 | 89.10% | -3.56% | 0.56 |
| MNRO | Services | 7 | 20.60% | 5.58% | 59.39 | 95.00% | 8.51% | 0.41 |
| NEM | Basic Materials | 7 | 15.43% | 0.84% | 52.89 | 80.43% | -0.82% | 0.40 |
| NEOG | Healthcare | 7 | 19.00% | -2.39% | 45.05 | 72.36% | 4.15% | 0.00 |
| NXTM | Healthcare | 2 | 20.00% | 3.51% | 54.51 | 63.55% | 4.39% | 0.46 |
| SLW | Basic Materials | 8 | 2.00% | -6.11% | 42.02 | 50.69% | -3.27% | 0.19 |
| SRCL | Industrial Goods | 7 | 16.67% | 1.25% | 58.32 | 85.83% | 2.53% | 1.05 |
| SXL | Basic Materials | 3 | 5.50% | 3.48% | 65.10 | 33.98% | 12.11% | 1.74 |
| TGP | Services | 4 | 5.00% | 1.12% | 53.30 | 28.62% | 6.39% | 2.49 |
| VGR | Consumer Goods | 4 | 7.00% | 5.57% | 68.89 | 30.45% | -4.61% | - |
| VRX | Healthcare | 7 | 14.03% | 5.91% | 58.45 | 95.00% | -2.07% | 1.25 |
| VSI | Services | 8 | 34.00% | -4.71% | 43.48 | 38.70% | 4.48% | - |
| WAIN | Financial | 2 | - | 73.50% | 85.63 | 27.08% | 27.75% | - |
| Data is from GrahamInvestor.com, Yahoo Finance, and Finviz.com | ||||||||
| AIPC (American Italian Pasta Co | NASDAQ) All-time Highs (Yahoo Finance): Intraday $52.95 (28-Jun-2010), Daily Close $52.95 (28-Jun-2010) | |
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| AKO.B (Embotelladora Andina SA | NYSE) All-time Highs (Yahoo Finance): Intraday $23.73 (28-Jun-2010), Daily Close $23.40 (15-Jun-2010) | |
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| AZO (AutoZone Inc | NYSE) All-time Highs (Yahoo Finance): Intraday $198.22 (28-Jun-2010), Daily Close $196.23 (23-Jun-2010) | |
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| BCA (CorpBanca SA | NYSE) All-time Highs (Yahoo Finance): Intraday $50.98 (28-Jun-2010), Daily Close $50.27 (28-Jun-2010) | |
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| BCH (Banco de Chile | NYSE) All-time Highs (Yahoo Finance): Intraday $224.80 (12-Jun-2008), Daily Close $65.63 (28-Jun-2010) | |
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| BGH (Buckeye Gp Holdings LP | NYSE) All-time Highs (Yahoo Finance): Intraday $40.75 (28-Jun-2010), Daily Close $40.04 (28-Jun-2010) | |
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| CIB (BanColombia SA | NYSE) All-time Highs (Yahoo Finance): Intraday $52.00 (02-Jul-2010), Daily Close $51.38 (02-Jul-2010) | |
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| DLTR (Dollar Tree Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $43.30 (02-Jul-2010), Daily Close $43.08 (02-Jul-2010) | |
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| EGO (Eldorado Gold Corp | NYSE) All-time Highs (Yahoo Finance): Intraday $19.07 (28-Jun-2010), Daily Close $18.38 (25-Jun-2010) | |
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| EVVV (ev3 Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $22.44 (30-Jun-2010), Daily Close $22.41 (02-Jul-2010) | |
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| EW (Edwards Lifesciences Corp | NYSE) All-time Highs (Yahoo Finance): Intraday $56.44 (30-Jun-2010), Daily Close $56.02 (30-Jun-2010) | |
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| GOLD (Randgold Resources Ltd | NASDAQ) All-time Highs (Yahoo Finance): Intraday $99.67 (28-Jun-2010), Daily Close $98.17 (25-Jun-2010) | |
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| GYRO (Gyrodyne Co of America Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $82.53 (01-Jul-2010), Daily Close $73.00 (02-Jul-2010) | |
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| HTWR (HeartWare International Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $76.19 (28-Jun-2010), Daily Close $74.65 (28-Jun-2010) | |
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| HWK (Hawk Corp | AMEX) All-time Highs (Yahoo Finance): Intraday $28.97 (01-Jul-2010), Daily Close $27.40 (01-Jul-2010) | |
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| MIL (Millipore Corp | NYSE) All-time Highs (Yahoo Finance): Intraday $106.76 (02-Jul-2010), Daily Close $106.74 (01-Jul-2010) | |
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| MNRO (Monro Muffler Brake Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $40.64 (30-Jun-2010), Daily Close $39.88 (01-Jul-2010) | |
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| NEM (Newmont Mining Corp | NYSE) All-time Highs (Yahoo Finance): Intraday $62.62 (28-Jun-2010), Daily Close $61.74 (30-Jun-2010) | |
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| NEOG (Neogen Corp | NASDAQ) All-time Highs (Yahoo Finance): Intraday $27.90 (28-Jun-2010), Daily Close $27.66 (28-Jun-2010) | |
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| NXTM (NxStage Medical Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $15.80 (28-Jun-2010), Daily Close $15.50 (28-Jun-2010) | |
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| SLW (Silver Wheaton Corp | NYSE) All-time Highs (Yahoo Finance): Intraday $21.89 (28-Jun-2010), Daily Close $21.36 (25-Jun-2010) | |
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| SRCL (Stericycle Inc | NASDAQ) All-time Highs (Yahoo Finance): Intraday $67.03 (28-Jun-2010), Daily Close $66.57 (28-Jun-2010) | |
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| SXL (Sunoco Logistics Partners LP | NYSE) All-time Highs (Yahoo Finance): Intraday $72.49 (28-Jun-2010), Daily Close $72.24 (28-Jun-2010) | |
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| TGP (Teekay LNG Partners LP | NYSE) All-time Highs (Yahoo Finance): Intraday $31.09 (28-Jun-2010), Daily Close $30.97 (28-Jun-2010) | |
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| VGR (Vector Group Ltd | NYSE) All-time Highs (Yahoo Finance): Intraday $17.53 (02-Jul-2010), Daily Close $17.43 (02-Jul-2010) | |
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| VRX (Valeant Pharmaceuticals International | NYSE) All-time Highs (Yahoo Finance): Intraday $53.50 (28-Jun-2010), Daily Close $53.47 (28-Jun-2010) | |
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| VSI (Vitamin Shoppe Inc | NYSE) All-time Highs (Yahoo Finance): Intraday $28.91 (28-Jun-2010), Daily Close $27.88 (25-Jun-2010) | |
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| WAIN (Wainwright Bank & Trust Co | NASDAQ) All-time Highs (Yahoo Finance): Intraday $18.90 (29-Jun-2010), Daily Close $18.67 (29-Jun-2010) | |
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Related Posts:
- Using Wolfram Alpha to Select Stocks
- US All-Time Highs Last Week
- Canadian Large-Cap All-Time Highs
- Do All Time High Stocks Outperform? Research suggests they do.
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