5 NYSE Stocks Hitting 52-Week Highs Thursday

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Caterpillar Crawls to 52-Week High

Shares of Caterpillar Inc. (NYSE:CAT) soared to their 52-week high of $81.38 on Thursday. The construction and mining equipment company has been facing the repercussions of falling commodity prices for months, and has yet to experience the benefits of its acquisition of Bucyrus. Its biggest competitor, Japan-based Komatsu Ltd, recently announced the acquisition of Joy Global Inc. (NYSE:JOY) for $2.89 billion, which will stiffen the competition for Caterpillar even further. The company is set to announce its second quarter results on July 26. A total of 37 hedge funds that we track were long Caterpillar Inc. (NYSE:CAT) at the end of the first quarter, up from 31 funds a quarter earlier.

Rising Commodity Prices Help CenterPoint Energy to Yearly High

CenterPoint Energy, Inc. (NYSE:CNP) touched its 52-week peak stock price of $24.27 on Thursday and has cruised even higher today, cresting $24.64. With its high exposure to commodity prices, CenterPoint Energy underperformed its peers in 2015, but has likewise outperformed said peers in 2016, gaining 34% as commodity prices have rebounded. Out of the investors in our database, 27 hedge funds were bullish on CenterPoint Energy, Inc. (NYSE:CNP) at the end of the first quarter, owning $578 worth of the company’s shares in aggregate.

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Strong Quarterly Results Bake a 52-Week High for Domino’s

Domino’s Pizza, Inc. (NYSE:DPZ)’s stock reached its 52-week on Thursday after the company posted better than expected second quarter results. The pizza restaurant chain earned $0.98 per share, above analysts’ consensus estimate of $0.94. Revenue for the quarter was $547.34 million, also topping analysts’ consensus mark of $533.44 million. Shares have gained another 2% in trading today, pushing their 52-week high to $148.35. Shares have gained 33% this year. At the end of March, 32 hedge funds in our system owned shares of Domino’s Pizza, Inc. (NYSE:DPZ), significantly up from just 20 hedge funds a quarter earlier.

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