Nokia Corporation (ADR) (NOK), Illumina, Inc. (ILMN), Home Bancshares Inc (HOMB): 3 Stocks Near 52-Week Highs Worth Selling

Foolish roundup

This week, it’s all about good companies that are being pumped higher by emotional investing rather than disciplined investing. Nokia’s smartphone unit sale has spurred buying, but it doesn’t have any near-term catalysts left on the horizon. For Illumina, Inc. (NASDAQ:ILMN), cheaper genomic tests will certainly help boost sales, but, at the same time, a shrinking federal budget will weigh on medical grants and hurt its top-line growth. And finally, for Home Bancshares Inc (NASDAQ:HOMB), which has shown that it can grow rapidly through acquisitions, it’ll need to demonstrate to shareholders that it can meet or beat its previous quarters on an organic basis if it hopes to maintain its lofty price-to-book ratio.

I’m so confident in my three calls, that I plan to make a CAPScall of underperform on each one. The question is: Would you do the same?

The article 3 Stocks Near 52-Week Highs Worth Selling originally appeared on Fool.com and is written by Sean Williams.

Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of, and recommends Nike. It also owns shares of Microsoft and recommends Illumina. 

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