The ASX 200 stocks hitting 52-week highs and lows: Retail and Resources
The market continues to rotate into early cycle sectors such as building materials and retail.
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Mentioned
KEY POINTS
- Rotation into early cycle sectors: A continued rotation into early cycle sectors such as Building Materials and Retail
- Sustained post earnings rally: A number of stocks have seen a sustained post earnings rally
- Real Estate stabilisation: The Real Estate sector has stabilised around recent lows.
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
Sector | Highs | Lows |
|---|---|---|
Discretionary | 3 | 2 |
Energy | 2 | 0 |
Financials | 3 | 1 |
Healthcare | 1 | 2 |
Materials | 3 | 6 |
Real Estate | 2 | 2 |
Staples | 1 | 0 |
Technology | 3 | 1 |
Utilities | 1 | 1 |
Data as at Monday, 4 September close
Stocks at 52-Week Highs
Ticker | Company Name | Close Price | Sector | 1 Year |
|---|---|---|---|---|
Eagers Automotive | $16.01 | Discretionary | 27.0% | |
ARB Corp | $33.89 | Discretionary | 13.8% | |
Wesfarmers | $53.60 | Discretionary | 14.8% | |
Ampol | $34.66 | Energy | 8.4% | |
Karoon Energy | $2.59 | Energy | 25.7% | |
AUB Group | $31.42 | Financials | 43.3% | |
Hub24 | $32.70 | Financials | 44.7% | |
Medibank | $3.60 | Financials | -1.4% | |
Cochlear | $267.90 | Healthcare | 25.9% | |
Monadelphous | $14.72 | Industrials | 15.9% | |
Seven Group | $28.50 | Industrials | 52.7% | |
Bellevue Gold | $1.65 | Materials | 114.3% | |
Brambles | $15.04 | Materials | 22.3% | |
CSR | $6.08 | Materials | 37.6% | |
Goodman Group | $23.17 | Real Estate | 20.6% | |
Mirvac | $2.40 | Real Estate | 15.4% | |
Inghams | $3.46 | Staples | 34.6% | |
Altium | $48.00 | Technology | 35.0% | |
Carsales | $28.68 | Technology | 32.3% | |
REA Group | $162.24 | Technology | 31.1% | |
Origin Energy | $8.63 | Utilities | 42.2% |
Key themes and takeaways
A continued rotation into early cycle sectors: Macquarie noted a few weeks ago that "the market seems to want to rotate to early cycle sectors such as Building Materials and Retail as slowing inflation and the RBA pause seem to support positioning for a soft landing." We continue to see this theme take place across such sectors with names like Eagers Automotive, ARB Corp, Wesfarmers, Monadelphous, Seven Group and CSR marking fresh 52-week highs.
A sustained post earnings rally: There's a long list of stocks that have continued to grind higher after a big jump on the day of their FY23 results. This includes names like Wesfarmers, Goodman Group and Brambles. Are these stocks too extended? Or should investors watch out for a healthy pullback to enter?
Stocks at 52-week Lows
Ticker | Company Name | Close Price | Sector | 1 Year |
|---|---|---|---|---|
The Star Entertainment | $0.98 | Discretionary | -60.3% | |
ASX | $56.52 | Financials | -27.5% | |
Imugene | $0.07 | Healthcare | -73.5% | |
Resmed | $24.61 | Healthcare | -23.4% | |
Link Administration | $1.38 | Industrials | -67.1% | |
Alumina | $1.12 | Materials | -21.5% | |
Chalice Mining | $3.35 | Materials | -23.9% | |
Core Lithium | $0.41 | Materials | -68.1% | |
South32 | $3.53 | Materials | -11.8% | |
Sayona Mining | $0.12 | Materials | -52.9% | |
Syrah Resources | $0.61 | Materials | -63.1% | |
Cromwell Property | $0.48 | Real Estate | -40.3% | |
Region Group | $2.17 | Real Estate | -19.3% | |
Brainchip | $0.32 | Technology | -65.0% | |
APA Group | $8.74 | Utilities | -18.0% |
Key themes and takeaways
Real Estate stabilisation: The Real Estate sector flagged ten 52-week lows last week, which included several Charter Hall-related REITs (e.g. Retail, Social and Long Wale). Encouragingly, the stocks have stabilised around recent lows. As commentary from Citi suggests, "we do see the stock [Charter Hall Group] as cheap at these levels, especially given a strong portfolio and management track record, with the potential for stability in rates to kick-start market transaction activity and FUM growth."
A reminder to not catch knives: Regulars like ASX, Resmed, Link Administration, Alumina, Core Lithium and Sayona continued to mark fresh 52-week lows in the past week. While technically oversold, they're struggling to break the downtrend.
