52-Week Highs: Apple, Baidu, Netflix

These blue chips are hitting 52-week highs, some for multiple consecutive sessions. Find out which other companies are rising to fresh annual heights.

Author:
Miriam Reimer
Publish date:
Sep 23, 2010 5:12 PM EDT

NEW YORK (

TheStreet

) -- A wealth of healthy buying in recent weeks led a variety of blue chips to hit fresh

52-week highs

on Thursday -- some for the second, third and even fourth consecutive session -- including technology darling

Apple

(AAPL) - Get Free Report

and Dow Jones industrial average components

Du Pont

(DD) - Get Free Report

and

Caterpillar

(CAT) - Get Free Report

Jim Cramer told the viewers of his

"Mad Money"

TV show last week the

52-week high list

tells us everything we need to know about the market, though it's not the number of companies hitting 52-week highs that's important, it's the number of industries represented on the list.

>>Cramer's 'Mad Money' Recap: 52-Week High Breakout

He explained that just a month ago, there were only three industries on the list, and they represented people's fears of the market. But today, there's an astounding 25 different industries represented, a diverse swath of our economy.

Ranked by volume, the most heavily-traded stock to hit a 52-week high Thursday was

Las Vegas Sands

(LVS) - Get Free Report

. The hotel and casino operator saw its shares bid up to $33.65 on Thursday, a new annual height.

EMC

(EMC)

gained to $20.98 on Thursday. The computer storage device maker said it was "commended for the fourth consecutive year by the Carbon Disclosure Project for its thorough and transparent climate change disclosure."

Shares of Apple rose to another 52-week high of $292.76 on Thursday, after pushing its annual boundary higher in each of the prior three trading sessions as well.

The stock's push higher was thanks in part to an

analyst report from Kaufman Bros. earlier this week that suggested strong iPad sales could lift Apple's quarterly results above Wall Street's current expectations. Analyst Shaw Wu raised his price target on Apple shares to $374, from $350. Caris reiterated a buy rating on the tech stock and raised its price target to $375, from $325.

Chinese language search engine

Baidu

(BIDU) - Get Free Report

pushed up to another 52-week high Thursday, reaching $95.17, topping previous annual heights set earlier this week.

Large-cap growth manager Michael Sansoterra of Ridgeworth Large Cap Growth Fund told TheStreet he thinks Baidu could roughly double over the next two years

. The Internet stock is

Google's

(GOOG) - Get Free Report

largest competitor in China.

Baidu was also recently featured on TheStreet's list of most overbought stocks

>>18 Overbought Stocks to Sell Now

Red Hat

(RHT) - Get Free Report

shares jumped by double digit percentages to a new 52-week high of $41.48 on Thursday, its highest intraday price in more than a decade, settling up about 9% to $40.05. The open-source software provider booked better-than-expected fiscal second-quarter adjusted profits of 19 cents per share. Sales rose 20% to $219.8 million, also topping expectations.

Semiconductor maker

Atmel

(ATML)

pushed up to a fresh 52-week high of $7.52 on Thursday,

topping new heights reached in Monday's and Tuesday's trading sessions

. Atmel stands to benefit from the rising popularity of tablet computers, including Apple's iPad.

DVD-by-mail retailer Netflix rose to a 52-week high of $163.72 on Thursday,

topping its prior annual height of $156.67 reached Wednesday

. The gain was driven in part by news that

beleaguered movie rental chain Blockbusterundefined filed for bankruptcy

>>Blockbuster's Rise and Fall: The Long, Rewinding Road

Shares of

Pactiv

(PTV)

, the maker of consumer and foodservice/food packaging, pushed up to $32.84 on Thursday,

topping its prior annual height of $32.82 reached Wednesday

Silver miner

Silver Wheaton's

undefined

shares gained to $26.57, surpassing annual heights set earlier this week.

>>Gold to Fight Inflation

Dow component

Caterpillar

was another repeat performer this week. The earth-moving equipment maker's shares rose to a fresh 52-week high of $77.50 on Thursday,

topping earlier heights set this week

Last week,

Caterpillar released August retail sales numbers

that showed the quickest monthly growth for the company in more than a year, especially in its Latin American and U.S. markets. Then Monday the manufacturing bellwether announced a $640 million five-year deal with the Pentagon to supply tractors and scrapers to the Marine Corps and the Army.

Bristol-Myers Squibb

(BMY) - Get Free Report

shares pushed up to another annual height Thursday, gaining to $28.

The drugmaker hit fresh 52-week highs twice already this week

The drive higher was helped in part by Bristol-Myers, along with

AstraZeneca

(AZN) - Get Free Report

, announcing progress made in a double blind Phase 3 clinical study of diabetes investigational drug dapagliflozin.

Online retailer

Amazon.com

(AMZN) - Get Free Report

gained to $155.92 on Thursday, topping heights reached in Monday and Tuesday's sessions this week. The firm's Amazon Web Services, along with billionaire Larry Ellison-run

Oracle

(ORCL) - Get Free Report

, announced that a wide selection of Oracle enterprise software has been certified to run on the Amazon Elastic Compute Cloud (Amazon EC2) using Oracle VM virtualization.

Tibco Software

(TIBX)

pushed up to $16.58 Thursday after the software maker posted better-than-expected adjusted fiscal third-quarter profits of 17 cents per share on revenue of $184.5 million.

Semiconductor maker

Skyworks Solutions

(SWKS) - Get Free Report

bid up to an annual height of $20.65, topping the $19.99 it hit in Wednesday's trading session.

Skyworks raised its financial outlook for the fourth quarter of fiscal 2010 given broad-based improvements in order demand.

CarMax

(KMX) - Get Free Report

bid up to $27.18 on Thursday after the used car retailer beat quarterly earnings expectations by 8 cents per share, booking profits of 48 cents per share.

Savient Pharmaceuticals

(SVNT)

shares gained to $23.24 on Thursday, a fresh 52-week high. The biotech firm continued its run up following the approval of Krystexxa, and on takeover speculation. The company indicated in would seek a buyout after tghe approval of the gout drug.

Dow component

Du Pont

saw its share price gain to $45.02 Thursday, topping heights set in each preceding session this week.

The chemical maker said Monday it and

Invista

signed a settlement agreement to resolve three existing lawsuits between the companies.

-- Written by Miriam Marcus Reimer in New York.

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