) -- U.S. stock indices wavered on Monday before ending the day with gains. These stocks hit 52-week highs.
3. OM Group
rose 1.7% to $36.11, helped by an upgrade at
. Shares of the chemical maker have gained 11% during the past month.
: Third-quarter profit plummeted 80% to $11 million, or 32 cents a share, as revenue decreased 48% to $235 million. OM Group's operating margin expanded from 13% to 15%. The company has an ideal financial position, with $300 million of cash and no debt.
: We rate OM Group "hold." The shares have climbed 84% during the past year, outpacing major U.S. indices. The stock is cheaper than those of chemical peers, based on projected earnings, book value, sales and cash flow. Poor return on equity is a mitigating factor.
2. Fifth Third Bancorp
climbed 3.1% to $12.49. Shares of the regional bank have advanced 22% during the past month.
: The company's fourth-quarter loss narrowed to $98 million, or 20 cents a share, as revenue decreased 14% to $1.8 billion. Its operating margin climbed from negative territory to 14%. Fifth Third holds $6 billion of cash and $12 billion of debt. Its debt-to-equity ratio of 0.9 indicates reasonable leverage.
: We rate Fifth Third "hold." The shares have quadrupled during the past year, beating major U.S. indices. The stock is cheaper than those of regional bank peers, based on projected earnings, book value and sales. A beta of 2.5 is a sign of above-average volatility.
1. Panasonic Corp.
( PC) rose 3.7% to $17. The company's American depositary receipts have increased 16% during the past month.
: Fiscal second-quarter profit plummeted 95% to $26 million, or 2 cents a share. Revenue was little changed at $21 billion. Panasonic's operating margin narrowed from 5% to 3%. The company has $17 billion of cash and $13 billion of debt.
: We rate Panasonic Corp. "sell." The shares have advanced 42% during the past year, beating the
Dow Jones Industrial Average
S&P 500 Index
. The stock is cheap compared with those of other electronics companies, based on book value, sales and cash flow.
-- Reported by Jake Lynch in Boston.