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Companies Reach 52-Week Highs

GuruFocus.com

- By yifan900

According to GuruFocus' list, these stocks have reached their 52-week highs.

MGM Resorts International reached the 52-week high of $25.08

MGM Resorts International (MGM) acts as a holding company, and its operations are conducted through its wholly owned subsidiaries.


The company is a hospitality company, operating a portfolio of destination resort brands. It is engaged in casino resorts offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The company has two segments that are based on the regions in which it operates: wholly owned domestic resorts and MGM China.

The price of MGM Resorts International shares has reached $25.08, which is 1.6% off the 52-week high of $25.49. MGM Resorts International has a market cap of $14.19 billion; its shares were traded around $25.08 with a price-sales (P/S) ratio of 1.56.

The company recently reported that diluted earnings per share for the second quarter of 2016 was 83 cents, including 57 cents related to a gain on CityCenter's sale of The Shops at Crystals ("Crystals"), compared to diluted earnings per share of 17 cents in the prior-year quarter. Operating income was $769 million and included a $406 million gain related to the sale of Crystals. Net revenues at the company's domestic resorts decreased 1% compared to the prior year quarter but increased 1% excluding Circus Circus Reno, Railroad Pass and the company's properties in Jean, Nevada, which were sold during 2015.

CareFusion reached the 52-week high of $59.91

CareFusion Corp. (NYSE:CFN) offers a portfolio of products in the areas of medication management, infection prevention, operating room and procedural effectiveness, and respiratory care. Its primary product brands include Alaris intravenous (IV) infusion systems, Pyxis and Rowa automated medication dispensing and supply management systems, AVEA, Vela and LTV Series respiratory ventilators and more.

The company operates in two business segments: Medical Systems and Procedural Solutions. In the Medical Systems segment, the company develops, manufactures and markets capital equipment and related supplies for medication management. In the Procedural Solutions segment, the company develops, manufactures and markets single-use skin antiseptic and other patient-preparation products, specialty IV infusion valves, administration sets and accessories and more.

The price of CareFusion shares has reached $59.91, which is 0.8% off the 52-week high of $60.40. Carefusion has a market cap of $12.24 billion; its shares were traded around $59.91.

The company recently reported a revenue of $3.198 billion, for the third fiscal quarter ended June 30, an increase of 2.5% over the prior-year period revenue as reported. Adjusted diluted earnings per share were $2.35, compared with $2.05 in the prior-year period, showing a 14.6% increase.

NetEase reached the 52-week high of $230.07

NetEase Inc. (NTES) operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, email and wireless value-added services businesses. It has also developed an online casual game platform with various multiplayer games. The company operates in three reportable segments: Online Game Services; Advertising Services; and Email, Ecommerce Services and Others.

The price of NetEase shares has reached $230.07, which is -2.6% off the 52-week high of $224.18. Netease has a market cap of $30.25 billion; its shares were traded around $230.07 with a price-earnings (P/E) ratio of 21.48 and P/S ratio of 6.26. The trailing 12-month dividend yield of Netease stocks is 1.18%. The forward dividend yield is 1.46%. Netease had an annual average earnings growth of 32.40% over the past 10 years. GuruFocus rated Netease the business predictability rank of 3-star.

The company recently reported net revenues of $1.347 billion for the second quarter. Gross profit for the second quarter was $794.5 million. Finally, net income attributable to shareholders was $409.4 million.

Cabot Oil & Gas reached the 52-week gigh of $26.30

Cabot Oil & Gas Corp. (COG) along with its subsidiaries is engaged in the development, exploitation, exploration, production and marketing of natural gas, crude oil and, to a lesser extent, NGLs within the continental U.S. The company also transports, stores, gathers and purchases natural gas for resale. Its exploration and development activities are concentrated in areas with known hydrocarbon resources, which are conducive to multiwell, repeatable drilling programs.

The price of Cabot Oil & Gas shares has reached $26.30, which is 1.7% off the 52-week high of $26.74. Cabot Oil & Gas has a market cap of $12.23 billion; its shares were traded around $26.30 with a P/S ratio of 10.12. The trailing 12-month dividend yield of Cabot Oil & Gas stocks is 0.31%. The forward dividend yield is 0.31%. Cabot Oil & Gas had an annual average earnings growth of 5.20% over the past 10 years. GuruFocus rated Cabot Oil & Gas Corp the business predictability rank of 2-star.

The company has recently reported that operating revenues for the second quarter were $246.816 million, down from $306.297 million from last year. Earnings were a loss of 14 cents per share.

Fidelity National Financial reached the 52-week high of $37.91

Fidelity National Financial Inc. (FNF) is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. Fidelity is a title insurance company through its title insurance underwriters that collectively issue more title insurance policies than any other title company in the U.S. Fidelity also provides industry mortgage technology solutions and transaction services, including MSP, the residential mortgage servicing technology platform in the U.S. through its majority-owned subsidiaries. The company consists of three segments: Title, BKFS and FNF Core Corporate & Other. FNFV consists of two segments: Restaurant Group and FNFV Corporate & Other.

The price of Fidelity shares has reached $37.91, which is 1.6% off the 52-week high of $38.50. Fidelity has a market cap of $12.88 billion; its shares were traded around $37.91 with a P/E ratio of 19.26 and P/S ratio of 1.15. The trailing 12-month dividend yield of Fidelity stocks is 2.21%. The forward dividend yield is 2.23%. Fidelity had an annual average earnings growth of 10.60% over the past five years.

The company recently reported a total revenue of $348 million in the second quarter compared to $400 million in the second quarter of 2015. Meanwhile, the company reported a diluted EPS of 14 cents and adjusted diluted EPS of 6 cents compared to a diluted EPS of 12 cents and adjusted diluted EPS of 18 cents in the second quarter of 2015.

Disclosure: I do not own these stocks.

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This article first appeared on GuruFocus.