The UK market has rebounded since President Trump’s ‘Liberation Day’ unleashed US tariffs on the world. But many shares remain well below the levels seen in February and March.
Against this backdrop, I thought it might be interesting to revisit my 52-week high screen. I last covered this momentum-driven screen in November 2024. I was curious to see if there are any companies or sectors that are still showing strong momentum at the moment despite the uncertain outlook.
To recap briefly, this screen looks for profitable businesses enjoying positive momentum with a share price that’s within 10% of its 52-week high. Here’s a snapshot of the current rules:
You can see my 52-week high screen here.
Stocks making 52-week highs
I was not sure how many stocks I’d find in the screen results, or whether they’d fit any particular pattern. In the event, I found 21 stocks qualifying for the screen as of market close on 17 April 25:
While there’s some diversity, I think there are also some clear themes here for investors looking for sectors with strong momentum.
Gold
No surprise, really. Gold has now been on a 10-year bull run and is trading at record highs:
Silver is also enjoying similar momentum. This is one of the strongest sector themes in these 52-week high results, in my view. Companies listed above that are benefiting from the strong gold price include:
Ramsdens Holdings (LON:RFX) - we took a positive view on recent results from this Super Stock in the Daily Report, where I also discussed the company’s heavy exposure to gold (far more so than at peer H & T (LON:HAT)).
Plus500 (LON:PLUS) and IG group (LON:IGG) - I imagine there is plenty of activity in leveraged trading of gold and silver futures on these CFD platforms. These businesses aren’t immune from cyclical pressures and carry some regulatory risk. But we’re generally positive on both companies in the daily report, most recently here (IG) and here (PLUS).
In fairness, strong momentum at IG and Plus500 is about far more than just gold. Market…
