(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.
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
. The chemical maker saw its shares rise to $43.46 before closing at $43.38.
Shares of insurance firm
rose as high as $57.90 before closing at $57.79.
shares reached a peak of $57.60 and closed at $57.56.
Elsewhere in 52-week highs,
Fomento Economico Mexicano
, 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.
ADRs reached a price of $56.52, before closing at $56.31.
shares reached $74.95, Digital television broadcaster
tapped a fresh 52-week high of $41.31, and
Burger King Holdings
gained to $23.84.
Agriculture stocks like
, food companies like
( KFT) and tech firms like
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
also made the list.
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.
( BRK-B), led by billionaire
, touched a fresh 52-week high of $83.58 on Tuesday.
Philip Morris International
repeatedly topped its annual highs this week, rising to $55.60 on Wednesday.
, hit a fresh 52-week high of $25.33 on Wednesday.
Other large caps to hit 52-week highs this week were software maker
at $65.60, and communications firm
-- Written by Miriam Marcus Reimer in New York.
>To contact the writer of this article, click here:
>To follow the writer on Twitter, go to
>To submit a news tip, send an email to:
READERS ALSO LIKE:
Get more stock ideas and investing advice on our sister site,
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.