52-Week Stock Highs: Deere, Kraft, Qwest
(Updated with additional information)
NEW YORK (
) -- A wealth of healthy buying in recent weeks led a wide variety of blue chips to hit fresh 52-week highs this week.
Jim Cramer told the viewers of his
TV show Wednesday 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 on the list, a diverse swath of the economy.
Ranked by volume, the most heavily-traded stock to hit a fresh 52-week high Thursday was Dow Jones Industrial Average component
DuPont
(DD) - Get Report
. The chemical maker saw its shares rise to $43.46 before closing at $43.38.
Shares of insurance firm
Ace Limited
(ACE)
rose as high as $57.90 before closing at $57.79.
Chubb
(CB) - Get Report
shares reached a peak of $57.60 and closed at $57.56.
Elsewhere in 52-week highs,
Fomento Economico Mexicano
(FMX) - Get Report
, a Mexican holding company, saw its American depositary receipts rise to a fresh 52-week high of $52.46 on Thursday, before settling at $52.40.
Brewer
Anheuser-Busch Inbev's
(BUD) - Get Report
ADRs reached a price of $56.52, before closing at $56.31.
Agrium
(AGU)
shares reached $74.95, Digital television broadcaster
DirecTV
(DTV)
tapped a fresh 52-week high of $41.31, and
Burger King Holdings
(BKC)
gained to $23.84.
>> Bankruptcy Watch: 20 Riskiest Restaurant Stocks
Agriculture stocks like
Deere
(DE) - Get Report
, food companies like
Kraft
( KFT) and tech firms like
NetApp
(NTAP) - Get Report
all made the list this week as well. Names from apparel, railroads, beer, machinery, telco, restaurants, trucks, chemicals, drug companies and even soft-goods maker
Clorox
(CLX) - Get Report
also made the list.
>>Which 52-Week-High Stock Will Outperform?
Cramer said with so many sectors rallying, there are lots of opportunities for investors. He said the market can't rally without solid leaders, and the more the merrier. In today's market, we have tons of leaders, he said, and the broadening list is increasingly bullish news.
Berkshire Hathaway
( BRK-B), led by billionaire
, touched a fresh 52-week high of $83.58 on Tuesday.
Philip Morris International
(PM) - Get Report
repeatedly topped its annual highs this week, rising to $55.60 on Wednesday.
Another repeater,
Vodafone
(VOD) - Get Report
, hit a fresh 52-week high of $25.33 on Wednesday.
Other large caps to hit 52-week highs this week were software maker
Infosys Technologies
(INFY) - Get Report
at $65.60, and communications firm
Qwest Communications
(Q)
at $6.08.
-- Written by Miriam Marcus Reimer in New York.
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