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Data Insights
ASX 200 stocks with fresh 52-week highs and lows – Week 3
By
Kerry Sun
Mon 15 Jan 24, 10:49am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Uranium stocks jumped as prices hit 16-year highs, while battery metals like nickel, lithium, and palladium continued their decline
- Large cap retailers like Super Retail Group posted strong earnings despite cost-of-living pressures, pushing their share prices higher
- Commonwealth Bank and ANZ hit fresh 52-week highs last week
Welcome back to the 52-week Series – A recap of ASX 200 stocks marking yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Financials: 6 Highs, 0 Lows
Discretionary: 3 Highs, 0 Lows
Energy: 3 Highs, 0 Lows
Materials: 2 Highs, 5 Lows
Communication Services: 1 High, 0 Lows
Industrials: 1 High, 1 Low
Staples: 1 High, 1 Low
Healthcare, Real Estate, Technology and Utilities: 0 Highs and 0 Lows
Why do 52-Week Highs and Lows Matter
Here are some of the key points our first 52-Week article:
A research thesis by Thomas J. George and Chuan-Yang Hwang titled The 52-Week High and Momentum Investing found that a) the closer a stock's current price is to its 52-week high, the stronger the stock performs in the subsequent period and b) nearness to the 52-week high is a better predictor of future returns than past returns.
US trader Mark Minervini also notes that “when you see a growing number of names in a particular industry making new 52-week highs (especially coming off a market low), this could be an indication that a group advance is underway.” In 2023, this proved useful for identifying moves made by construction and building materials, iron ore and insurance stocks.
1851 Capital Chief Investment Officer Chris Stott says the numbers are useful in helping to determine which stocks have the momentum to keep making fresh highs. The data is used to identify continuous winners and generate fresh ideas.
What Does the Data Tell Us
Large cap retailers are pushing higher, backed by sound earnings. Super Retail Group reported record first half sales of $2 billion, up 3% year-on-year on Monday. Some key comments from CEO Anthony Heraghty include:
"We maintained positive like-for-like sales growth in the first half, however cost of living pressures on the consumer did lead to a more constrained retail trading environment at the end of the second quarter."
"Well-executed promotions during peak end-of-year trade have delivered revenue growth that has translated into strong first half earnings.
The uranium sector is in the midst of a sector wide breakout. Most uranium stocks (both large and small cap) have rallied at least 20% in the past week as prices for the commodity push past US$100 a pound for the first time in 16 years.
Banks are moving out to all-time highs. The strength has been supported by a cooler-than-expected Australian inflation data last week, which reinforces analyst views that the RBA is likely to leave interest rates unchanged next month.
Stocks from unloved battery metals such as nickel, lithium and palladium continue to spiral lower.
ASX 200 Stocks at 52-Week Highs
The below data has been filtered by sector.
Ticker | Company Name | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
News Corp | $37.85 | Communication Services | -0.2% | 33.8% | |
Collins Foods | $12.33 | Discretionary | 4.2% | 59.9% | |
JB Hi-Fi | $57.86 | Discretionary | 9.8% | 27.1% | |
Wesfarmers | $57.46 | Discretionary | 1.3% | 19.3% | |
Boss Energy | $5.09 | Energy | 20.3% | 114.8% | |
Paladin Energy | $1.21 | Energy | 18.7% | 54.5% | |
Ampol | $35.49 | Energy | -2.7% | 26.6% | |
Helia Group | $4.43 | Financials | 0.9% | 59.4% | |
Hub24 | $36.66 | Financials | 2.4% | 36.0% | |
Medibank | $3.79 | Financials | 3.3% | 30.2% | |
Netwealth | $16.30 | Financials | 4.2% | 23.7% | |
Commonwealth Bank | $113.63 | Financials | 0.6% | 6.7% | |
ANZ Group | $25.90 | Financials | 1.1% | 5.8% | |
Ventia Services | $3.13 | Industrials | 0.0% | 28.3% | |
Emerald Resources | $3.20 | Materials | 7.0% | 140.6% | |
Boral | $5.42 | Materials | 1.7% | 65.8% | |
Inghams | $4.08 | Staples | 6.3% | 40.2% |
Data as at Friday, 12 January 2024 close
ASX 200 Stocks at 52-Week Lows
Ticker | Company Name | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
IPH | $6.41 | Industrials | -0.2% | -24.5% | |
Arcadium Lithium | $8.92 | Materials | -10.9% | na | |
Iluka Resources | $6.77 | Materials | 7.3% | -33.9% | |
Nickel Industries | $0.66 | Materials | -0.8% | -41.0% | |
Chalice Mining | $1.29 | Materials | -8.9% | -80.9% | |
Core Lithium | $0.21 | Materials | -8.7% | -81.5% | |
Treasury Wine | $10.18 | Staples | -1.3% | -26.0% |
Data as at Friday, 12 January 2024 close
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