52-Week Highs: Apple, Qwest, Baidu
(Updated with additional information and stock price movement.)
NEW YORK (
) -- A wealth of healthy buying in recent weeks led a variety of blue chips to hit fresh 52-week highs on Monday, including technology darling
Apple
(AAPL) - Get Apple Inc. Report
and Dow Jones industrial average components
Caterpillar
(CAT) - Get Caterpillar Inc. Report
,
Du Pont
(DD) - Get DuPont de Nemours, Inc. Report
and
Kraft Foods
( KFT).
Jim Cramer told the viewers of his
TheStreet Recommends
TV show last week the
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 rpresented, a diverse swath of our economy.
Ranked by volume, the most heavily-traded stock to hit a fresh 52-week high Monday was
L-1 Identity Solutions
( ID), holding steady in afternoon trading around $11.65.
L-1 Identity, a maker of high-tech recognition and security systems, agreed to be acquired by France's
Safran
for $12 a share, or $1.6 billion including debt.
Qwest Communications
rose as high as $6.31 in trading Monday.
Shares of Apple rose to a fresh 52-week high of $283.78 on Monday.
The stock's push higher was thanks to an
analyst report from Kaufman Bros. 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.
Shares of data warehouse provider
Netezza
( NZ) soared more than 16% to an annual high of $28.59.
Netezza said Monday it agreed to be acquired by IBM (IBM) - Get International Business Machines Corporation Report for $1.7 billion, or $27 per share in cash
.
Baidu
(BIDU) - Get Baidu Inc. Report
, the Beijing-based Chinese language Internet search engine, rose to $90 on Monday.
Baidu was recently featured on TheStreet's list of most overbought stocks
.
>>18 Overbought Stocks to Sell Now
Bristol-Myers Squibb
(BMY) - Get Bristol-Myers Squibb Company Report
shares pushed up to $27.87 on Monday. Along with
AstraZeneca
(AZN) - Get Astrazeneca PLC Sponsored ADR Report
, Bristol-Myers announced progress made in a double blind Phase 3 clinical study of diabetes investigational drug dapagliflozin.
American depositary receipts of Chinese solar company
JA Solar Holdings
(JASO)
gained to $7.53 on Monday. JA Solar was among the top five producers of solar cell manufacturers in the second quarter.
Dow component Caterpillar pushed up to a 52-week high of $74.80. The economic bellwether said early Monday it won a long-term Department of Defense contract to provide wheeled tractor scrapers for $641.2 million.
Internet travel booking form
Expedia
(EXPE) - Get Expedia Group, Inc. Report
hit a new 52-week high of $28.96 on Monday, despite its stock receiving a downgrade by Susquehanna from positive to neutral."
Shares of cigarette maker
Philip Morris International
(PM) - Get Philip Morris International Inc. Report
rose to a new 52-week high of $56.23.
Kraft Foods
hit an annual share price of high of $31.62.
Internet Brands
( INET) saw its shares skyrocket more than 44% to $13.40 on Monday. The internet media company agreed to be acquired by an affiliate of
Hellman & Friedman Capital Partners VI
for around $640 million, or $13.35 in cash for each outstanding share.
Dow component
Du Pont
saw its share price gain to $44.79 on Monday.
The chemical maker said Monday it and
Invista
signed a settlement agreement to resolve three existing lawsuits between the companies.
Data warehouse
Teradata
(TDC) - Get Teradata Corporation Report
pushed its annual share price high to $38.27 on Monday. The share price jump came after an analyst speculated that the data storage company could be a takeover candidate.
"We consider Teradata a logical potential target as well; a bigger vendor with more of a services component but also one with successful data warehouse appliance offerings," noted Roth Capital Partners analyst Nathan Schneiderman.
Online retailer
Amazon.com
(AMZN) - Get Amazon.com, Inc. Report
gained to $151.95 on Monday. The firm's Amazon Web Services, along with billionaire Larry Ellison-run
Oracle
(ORCL) - Get Oracle Corporation 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.
Tech firm
NetApp
, another provider of data storage solutions, saw its share price rise to $49.87 on Monday, a fresh 52-week high.
Semiconductor maker
Atmel
(ATML)
pushed up to a fresh 52-week high of $7.25 on Monday.
Kimco Realty
(KIM) - Get Kimco Realty Corporation Report
set itself a fresh 52-week high of $16.84. The real estate investment trust is expected to report earnings of 6 cents per share on revenue of $212.6 million for the current quarter.
CMS Energy
(CMS) - Get CMS Energy Corporation Report
pushed up to a fresh 52-week high of $18.12 on Monday. Ratings agency
Morningstar
initiated coverage of the Michigan energy company with an issuer rating of BBB-, reflecting the utility's status as a regulated entity, the level of automatic rate adjustment mechanisms the utility operates under, and the recent improvement in Michigan's regulatory environment.
Rovi
(ROVI)
, a provider of interactive program guides and embedded licensing technologies, pushed its annual share price boundary higher to $47.19. The tech firm signed a multi-year agreement to license intellectual property to Apple, according to a filing with the Securities and Exchange Commission.
-- Written by Miriam Marcus Reimer in New York.
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.
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