NEW YORK (
) -- A wealth of healthy buying in recent weeks led a variety of blue chips to hit fresh
on Tuesday -- many for the second consecutive session -- including technology darling
and Dow Jones industrial average components
Jim Cramer told the viewers of his
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.
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 fresh 52-week high Tuesday was
. Its stock rose as high as $6.32 on Tuesday, after pushing its annual boundary to $6.31 in trading Monday.
Nearly 11 million Qwest shares were in play at midday.
American depositary receipts of Chinese solar company
JA Solar Holdings
gained to $7.92 on Tuesday, after hitting $7.53 on Monday. JA Solar was among the top five producers of solar cell manufacturers in the second quarter.
Shares of Apple rose to a fresh 52-week high of $284.91 on Tuesday, after touching $283.78 on Monday.
The stock's push higher was thanks in part to an
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.
L-1 Identity Solutions
( ID) gained to $11.65 on Tuesday, holding steady at the 52-week high it reached on Monday.
L-1 Identity, a maker of high-tech recognition and security systems, agreed to be acquired by France's
for $12 a share, or $1.6 billion including debt.
, an asset management company, pushed up to a 52-week high of $4.49 on heavy volume. GLG recently agreed to be acquired by London-based
for $1.6 billion.
pushed up to a fresh 52-week high of $7.49 on Tuesday, after rising to $7.25 on Monday. Atmel stands to benefit from the rising popularity of tablet computers, including Apple's iPad.
, the Beijing-based Chinese language Internet search engine, rose to $92.31 on Tuesday, after hitting its prior 52-week high of $90 on Monday.
Dow component Caterpillar pushed up to a 52-week high of $76.28 on Tuesday, after rising to $74.80 in the previous trading session. The economic bellwether said early Monday it won a long-term Department of Defense contract to provide wheeled tractor scrapers for $641.2 million.
shares pushed up to $28 on Tuesday after hitting $27.87 on Monday. Along with
, Bristol-Myers announced progress made in a double blind Phase 3 clinical study of diabetes investigational drug dapagliflozin.
gained to $152.78 on Tuesday, topping its previous 52-week high of $151.95 reached Monday. The firm's Amazon Web Services, along with billionaire Larry Ellison-run
, 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.
saw its share rise to a new annual height of $46.91 on Tuesday.
said Yum!, the operator of KFC and Taco Bell fast-food chains, should see acceleration in the second half of 2010 based on strong Chinese macro indicators and a positive-trending read-through of results from rival
, a provider of interactive program guides and embedded licensing technologies, pushed its annual share price boundary higher to $48.72 on Tuesday, after reaching $47.19 on Monday. The tech firm signed a multi-year agreement to license intellectual property to Apple, according to a filing with the Securities and Exchange Commission.
was another repeat performer Tuesday. The maker of Oreos cookies and Maxwell House coffee hit an annual share price of high of $31.66 Tuesday, topping its prior annual height of $31.62 on Monday.
bid up to $12.80 on Tuesday. Cramer said last week he liked Windstream's yield, and preferred its stock to that of competitor
saw its share price gain to $44.89 on Tuesday, topping its height of $44.79 hit Monday.
The chemical maker said Monday it and
signed a settlement agreement to resolve three existing lawsuits between the companies.
, a utility holding company, saw its share price rise to a fresh 52-week high of $15.49 on Tuesday.
tapped a fresh 52-week high of $15.68 on Tuesday. Analysts from
downgraded the telecom services provider's Hong Kong-listed shares to sell from buy, and cut their price target to HK$10.00 ($1.29), from HK$11.70 ($1.51).
Shares of hotel operator
pushed up to $28.62 on Tuesday, a fresh 52-week high. The hotelier recently sold $250 million of senior unsecured notes.
pushed its 52-week share price range to $22.05 on Tuesday. Aruba recently beat its fiscal fourth-quarter earnings expectations and forecast current quarter profits above The Street's call.
Chinese online media company
gained to $52.73 on Tuesday. Deutsche Bank analysts maintained their buy rating on Sina shares and raised their price target on the stock to $55, from $43.
-- Written by Miriam Marcus Reimer in New York.
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