NewsBig fund managers hate CBA because it's "overvalued", but the trend is your friend!
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Data Insights
Which ASX 200 stocks hit 52-week highs and lows this week
By
Kerry Sun
Tue 08 Aug 23, 11:08am (AEST)
Source: Shutterstock
Key Points
- Stocks from thematically bullish sectors like travel, insurance and construction continue to hit fresh yearly highs
- Link Administration, Core Lithium and Lake Resources mark yet another fresh yearly low
Welcome back to the 52-week Series – a recap of ASX 200 stocks marking yearly highs and lows in the past week.
# Highs and lows by sector
Note: Data as at Monday, 7 August close
Discretionary – 5 highs, 0 lows
Technology – 4 highs, 0 lows
Materials – 5 highs, 4 lows
Financials – 2 highs, 0 lows
Healthcare – 1 high, 1 low
Industrials – 1 high, 1 low
Utilities – 1 high, 0 lows
Real Estate – 0 highs, 2 lows
Stocks making 52-week highs
Stocks from thematically bullish sectors continue to hit fresh yearly highs including:
Travel – Demand is showing no signs of slowing despite macro headwinds. US reporting season (which commenced last month) demonstrated plenty of upbeat commentary from major travel companies including:
Airbnb (NASDAQ: ABNB): "During Q2 2023, we had 115.1m Nights and Experiences Booked — our highest second quarter ever. While we saw strong growth across all regions compared to Q2 2022, Asia Pacific once again saw the strongest growth."
Booking.com (NASDAQ: BKNG): "In Q2 we continued to see robust leisure travel demand … We have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in Q3."
Expedia (NASDAQ: EXPE): "Q2 saw travel demand remain strong .,. we continued to repurchase our stock opportunistically & have purchased a record $1.2bn year-to-date."
Insurance – Leveraged to the higher rate environment and premium increases continue to be very strong. While IAG (ASX: IAG) is the only stock to hit a 52-week high in the past week – Other names like QBE Insurance (ASX: QBE) and Suncorp (ASX: SUN) are also not far off yearly highs.
Construction: The building and construction sector is experiencing a broad-based rally thanks to factors including:
The Government’s Homebuilder Program: CSR (ASX: CSR) Chair John Gillam says the program “created significant demand which, combined with labour-market and supply-side restrictions, has greatly elongated timelines normally associated with residential construction.”
Improving US market: James Hardie (ASX: JHX) shares rallied 12.9% as the market opened on Tuesday after beating first quarter revenue and net profit expectations. UBS says the company is “clearly taking advantage of an improving USA market”.
Ticker | Company Name | Close Price | Sector | 1 Month | 3 Month | 1 Year |
|---|---|---|---|---|---|---|
Aristocrat Leisure | $40.81 | Discretionary | 10.9% | 8.8% | 16.2% | |
Flight Centre | $22.43 | Discretionary | 20.0% | 4.2% | 25.7% | |
News Corporation | $31.13 | Discretionary | 5.9% | 22.8% | 23.9% | |
Reece | $19.34 | Discretionary | 9.9% | 6.0% | 24.7% | |
Webjet | $7.65 | Discretionary | 10.4% | 6.3% | 48.3% | |
Worley | $17.09 | Energy | 7.6% | 3.8% | 19.4% | |
Insurance Australia Group | $6.00 | Financials | 4.7% | 21.7% | 30.7% | |
Netwealth Group | $14.52 | Financials | 8.8% | 5.0% | 7.8% | |
Pro Medicus Limited Ordinary | $71.03 | Healthcare | 12.9% | 18.6% | 31.7% | |
Seven Group | $26.20 | Industrials | 11.1% | 11.2% | 46.8% | |
Boral | $4.35 | Materials | 8.5% | 8.8% | 45.0% | |
Bluescope Steel | $21.40 | Materials | 9.7% | 5.8% | 29.4% | |
CSR Limited Ordinary | $5.59 | Materials | 4.5% | 2.2% | 20.2% | |
James Hardie | $40.76 | Materials | 5.4% | 19.3% | 13.3% | |
Orora | $3.62 | Materials | 11.0% | 9.4% | 4.3% | |
Carsales.Com | $24.63 | Technology | 5.3% | 6.8% | 14.6% | |
Nextdc Limited Ordinary | $12.86 | Technology | 4.8% | 10.4% | 9.9% | |
REA Group | $153.39 | Technology | 9.9% | 10.2% | 23.2% | |
Wisetech Global | $87.56 | Technology | 15.6% | 28.8% | 63.8% | |
AGL Energy | $11.55 | Utilities | 4.3% | 31.4% | 35.3% |
Stocks making 52-week lows
Link Administration (ASX: LNK), Core Lithium (ASX: CXO) and Lake Resources (ASX: LKE) made another appearance this week, which might speak some truth about the old adage – ‘The trend is your friend’.
As reporting season ramps up, we’re also observing a few stocks roll over on weaker-than-expected earnings, this includes ResMed (ASX: RMD) and BWP Trust (ASX: BWP).
Ticker | Company Name | Close Price | Sector | 1 Month | 3 Month | 1 Year |
|---|---|---|---|---|---|---|
Resmed Inc | $29.40 | Healthcare | -9.0% | -14.4% | -14.7% | |
Link Administration | $1.48 | Industrials | -4.8% | -26.4% | -67.0% | |
Core Lithium | $0.61 | Materials | -35.0% | -39.5% | -52.9% | |
Lake Resources | $0.18 | Materials | -38.6% | -65.7% | -81.2% | |
Silver Lake Resources | $0.94 | Materials | -11.3% | -15.3% | -39.0% | |
Syrah Resources | $0.65 | Materials | -27.4% | -30.5% | -55.6% | |
Abacus Property Group | $1.24 | Real Estate | -52.1% | -53.6% | -56.8% | |
BWP Trust | $3.52 | Real Estate | -1.1% | -7.6% | -16.2% |
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