5 NYSE Stocks That Cruised to 52-Week Highs Yesterday

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Louisiana-Pacific Reaches New Highs

Louisiana-Pacific Corporation (NYSE:LPX) moved to its 52-week high yesterday and has soared further past it today, gaining 2.69% and touching $20.35. The Tennessee-based manufacturer is expected to announce its latest quarterly results on August 2. Analysts expect it to report EPS of $0.23, up from last year’s loss of $0.08 per share. A total of 24 hedge funds tracked by Insider Monkey had long positions in Louisiana-Pacific Corporation (NYSE:LPX) at the end of the first quarter. Phill Gross and Robert Atchinson’s Adage Capital Management owned 5.72 million shares of the company on March 31.

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Northrop Grumman Wins NASA Contract for Mars

Northrop Grumman Corporation (NYSE:NOC) is an important player in the aerospace and defense industry whose shares are touching new highs. The Falls Church, Virginia-based company gained 1.2% on Tuesday, reaching it’s all-time high of $224.12. The company said in a statement yesterday that it has been awarded a contract by NASA to develop concepts for a potential spacecraft to orbit Mars. The stock has skyrocketed by 30.2% over the past 52 weeks. As of the end of March, 42 hedge funds in our system held approximately $2.34 billion worth of positions in Northrop Grumman Corporation (NYSE:NOC).

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Petroleo Brasileiro Continues to Grow

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s stock rose to its 52-week high of $8.50 on Tuesday. Though it’s slipped today due to falling crude, the stock has still skyrocketed by 45.27% in the past month. The stock recently received a big boost after the company raised $7.5 billion in a reopened debt offering. Ken Fisher’s Fisher Asset Management owned more than 10.80 million shares of the company on June 30.

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