5 Value Stocks Near Their 52-Week Highs

Space Grey Ipad Air With Graph on Brown Wooden Table

Image Source: Pexels

Value has been outperforming growth in 2022. While some growth stocks are down as much as 80% this year, energy and agriculture had boosted value stock results until a month ago when they, too, slid.

Is there anywhere investors can find stocks that are actually higher this year?

Or are these creatures a myth?


Screening for Value Stocks Near 52-Week Highs

There’s a screen on Zacks.com called “Value Stocks at 52-Week Highs” that has a Zacks Rank of #1 (Strong Buy) and #2 (Buy). For the “value” portion of the screen it uses a Zacks Value Style score of A, which is the highest style score.

It screened for stocks within 10% of the 52-week high.

Running the screen, it only returned…4 stocks.

Just 4 value stocks have the top Zacks Rank and are near their highs.

Additionally, Zacks has a screen that just looks for #1 Rank (Strong Buy) stocks near their highs. That screen returned…just 2 stocks.

Here are the 4 value stocks plus the bonus #1 Rank stock, which is also a value stock.

5 Value Stocks Near Their 52-Week Highs

1.       H&R Block, Inc. (HRB - Free Report)

H&R Block, the global tax preparation business, is riding high in 2022. Shares are up 56.4% and are near their 52-week high.

H&R Block remains cheap despite the stock soaring. It has a forward P/E of 10 and a PEG ratio of 0.8.

H&R Block also pays a dividend, currently yielding 2.9%.

Is it too late to buy H&R Block?

2.       McKesson Corp. (MCK - Free Report)

McKesson works with care providers, pharmacies, and manufacturers to deliver the right medicines. Shares are up 31.3% year-to-date and are near the 52-week highs.

McKesson is also cheap, with a forward P/E of 14.4. It also pays a dividend, currently yielding 0.6%.

Should McKesson be on your short list?

3.       Stride, Inc. (LRN - Free Report)

Stride is a learning company that has online and blended learning solutions. On July 5, 2022, it was added to the S&P Small Cap 600 index.

Stride shares are up 21.3% year-to-date and are near their highs. In addition to being cheap, it also has grown, with a PEG ratio of 0.8.

Should Stride make your watch list?

4.       TransAlta Corp. (TAC - Free Report)

TransAlta is a Canadian utility company operating in wind, solar, hydro, and gas operating in Canada, US, and Australia.

TransAlta shares are up just 4.3% year-to-date but that is near its 52-week high and outperforming the S&P 500 which is down nearly 20%.

It’s not as cheap as the others, with a forward P/E of 18.1. Earnings are expected to soar 178% this year.

TransAlta pays a dividend, currently yielding 1.3%.

Should investors hide out in utility stocks like TransAlta this year?

5.       Murphy USA Inc. (MUSA - Free Report)

Murphy USA operates gas stations and convenience stores throughout the United States under the names Murphy USA, Murphy Express, and QuickChek.

With gasoline prices surging, it’s not surprising that investors have piled into the gas station stocks. Murphy USA is up 33.5% year-to-date and is trading at its 52-week high.

It’s cheap with a forward P/E of 15. And Murphy USA pays a dividend, currently yielding 0.5%.


More By This Author:

5 Big Bank Earnings Charts To Watch This Week
Bear Of The Day: Nike
Meta Platforms Is A Value Stock

Disclaimer: Neither Zacks Investment Research, Inc. nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments