We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
4 Stocks Trading Near 52-Week Highs with More Upside Potential
Investors generally consider a stock's 52-week high a good criterion for an entry or exit point. Stocks touching new 52-week highs are often predisposed to profit-taking, resulting in pullbacks and trend reversals.
Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculation is not completely baseless, not all stocks hitting a 52-week high are necessarily overpriced.
Investors may lose out on top gainers in an attempt to avoid the steep prices.
Stocks such as Cinemark, ConocoPhillips, Pebblebrook Hotel Trust and Chord Energy Corp. are expected to maintain their momentum and keep scaling new highs. More information on a stock is necessary to determine whether there is scope for further upside.
Here, we discuss a strategy to find the right stocks. The technique borrows from the basics of momentum investing and bets on "buy high, sell higher."
52-Week High: A Good Indicator
Many times, stocks that hit a 52-week high fail to scale higher despite having potential. This is because investors fear that the stocks are overvalued and expect the price to crash.
Overvaluation is natural for most of these stocks, as investors' focus (or willingness to pay the premium) has helped them reach this level. But that does not always indicate an impending decline. Factors such as robust sales, surging profit levels, earnings growth prospects and strategic acquisitions, which encouraged investors to bet on these stocks, could keep them motivated if there are no tangible negatives. In other words, the momentum might continue.
Also, when a string of positive developments dominates the market, investors find their underreaction unwarranted, even if there are no company-specific driving forces.
Here are our four picks out of the 12 stocks that made it through the screen:
Cinemark's near-term setup rests on a content-heavy calendar and a stronger balance sheet. The holiday slate runs from The Hunger Games: Sunrise on the Reaping on Nov. 20 to Dune: Part Three and Avengers: Doomsday on Dec. 18, then Jumanji: Open World on Dec. 25, supporting year-end attendance. Cash was $555.5 million as of Sept. 30, against $1,876.4 million of long-term debt, while 2026 capital spending of roughly $250 million targets new theaters, recliner remodels and laser projectors.
Premium formats, including XD at 13% of 2025 global box office on 5% of screens, and a Movie Club with over 1.5 million members add resilience. The Dallas Cowboys partnership and $5 holiday Clubhouse screenings broaden engagement, though formal earnings guidance remains absent.
This stock has surged 42.6% over the past six months. It has a trailing four-quarter negative earnings surprise of 7.36%, on average.
ConocoPhillips' third-quarter production is guided in the range of 2.29–2.32 million barrels of oil equivalent per day, while the full-year guidance of 2.33–2.36 million remains unchanged. Execution on a targeted $1 billion reduction in 2026 capital and costs supports free cash flow, which management expects to increase by $7 billion by 2029.
The $5 billion disposition target, met early, adds flexibility. Capital returns remain a priority, with 45% of operating cash flow earmarked for shareholders in 2026. The pending 42% Kirkuk interest in Iraq, expected to close by year-end, and 12 million tonnes per annum of LNG offtake broaden the portfolio. Still, commodity price swings and project timing remain key risks.
The stock has returned 17.1% in the past six months. It has a trailing four-quarter earnings surprise of 7.04%, on average.
Pebblebrook Hotel Trust's raised 2026 outlook anchors the near-term case. Adjusted FFO is guided in the range of $1.88-$1.92 per share, with adjusted EBITDAre of $363.3–$367.3 million. Fourth-quarter adjusted FFO is guided in the range of 26 cents to 30 cents per share, supported by same-property RevPAR growth of 4.0%-6.0%. Its balance sheet strengthened and net debt-to-EBITDA declined to 5.1x.
The $350 million convertible notes due December are expected to be funded by cash, free cash flow and term loan capacity, leaving no other maturities until 2028. Capital spending is guided to be in the range of $60–$70 million as redevelopment largely wraps up. The October sale of Hotel Zags for $10.0 million and preferred repurchases at a 23% discount show capital discipline, while stronger 2027 convention calendars in San Diego and Boston offer a tailwind.
The stock has returned 53.3% in the past six-month period. It delivered a trailing four-quarter earnings surprise of 20.72%, on average.
Chord Energy is sharpening its focus on the Williston Basin through the $550 million sale of non-operated Marcellus assets to POSCO International, expected to close in the fourth quarter. Management expects the divestiture to lift oil weighting by roughly 4 to 5 percentage points, trim annual capital spending by about $25 million and keep net leverage declining.
Its updated guidance will arrive with third-quarter results. Preliminary third-quarter volumes beat the high end of guidance across oil, gas and NGLs, while $804.7 million of cash supports buybacks, including $44.3 million repurchased so far in the fourth quarter. Michael Lou, a 17-year company veteran, became CEO on Oct. 19, signaling continuity. Lease operating expenses should rise modestly per barrel after the sale closes.
This stock has declined 3.6% in the past six months. It has a trailing four-quarter earnings surprise of 11.7%, on average.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
View the Zacks #1 Rank List
Image: Bigstock
Zacks.com featured highlights include Cinemark, ConocoPhillips, Pebblebrook Hotel Trust and Chord Energy
For Immediate Release
Chicago, IL – November 5, 2026 – Stocks in this week’s article are Cinemark (CNK - Free Report) , ConocoPhillips (COP - Free Report) , Pebblebrook Hotel Trust (PEB - Free Report) and Chord Energy Corp. (CHRD - Free Report) .
4 Stocks Trading Near 52-Week Highs with More Upside Potential
Investors generally consider a stock's 52-week high a good criterion for an entry or exit point. Stocks touching new 52-week highs are often predisposed to profit-taking, resulting in pullbacks and trend reversals.
Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculation is not completely baseless, not all stocks hitting a 52-week high are necessarily overpriced.
Investors may lose out on top gainers in an attempt to avoid the steep prices.
Stocks such as Cinemark, ConocoPhillips, Pebblebrook Hotel Trust and Chord Energy Corp. are expected to maintain their momentum and keep scaling new highs. More information on a stock is necessary to determine whether there is scope for further upside.
Here, we discuss a strategy to find the right stocks. The technique borrows from the basics of momentum investing and bets on "buy high, sell higher."
52-Week High: A Good Indicator
Many times, stocks that hit a 52-week high fail to scale higher despite having potential. This is because investors fear that the stocks are overvalued and expect the price to crash.
Overvaluation is natural for most of these stocks, as investors' focus (or willingness to pay the premium) has helped them reach this level. But that does not always indicate an impending decline. Factors such as robust sales, surging profit levels, earnings growth prospects and strategic acquisitions, which encouraged investors to bet on these stocks, could keep them motivated if there are no tangible negatives. In other words, the momentum might continue.
Also, when a string of positive developments dominates the market, investors find their underreaction unwarranted, even if there are no company-specific driving forces.
Here are our four picks out of the 12 stocks that made it through the screen:
Cinemark's near-term setup rests on a content-heavy calendar and a stronger balance sheet. The holiday slate runs from The Hunger Games: Sunrise on the Reaping on Nov. 20 to Dune: Part Three and Avengers: Doomsday on Dec. 18, then Jumanji: Open World on Dec. 25, supporting year-end attendance. Cash was $555.5 million as of Sept. 30, against $1,876.4 million of long-term debt, while 2026 capital spending of roughly $250 million targets new theaters, recliner remodels and laser projectors.
Premium formats, including XD at 13% of 2025 global box office on 5% of screens, and a Movie Club with over 1.5 million members add resilience. The Dallas Cowboys partnership and $5 holiday Clubhouse screenings broaden engagement, though formal earnings guidance remains absent.
This stock has surged 42.6% over the past six months. It has a trailing four-quarter negative earnings surprise of 7.36%, on average.
ConocoPhillips' third-quarter production is guided in the range of 2.29–2.32 million barrels of oil equivalent per day, while the full-year guidance of 2.33–2.36 million remains unchanged. Execution on a targeted $1 billion reduction in 2026 capital and costs supports free cash flow, which management expects to increase by $7 billion by 2029.
The $5 billion disposition target, met early, adds flexibility. Capital returns remain a priority, with 45% of operating cash flow earmarked for shareholders in 2026. The pending 42% Kirkuk interest in Iraq, expected to close by year-end, and 12 million tonnes per annum of LNG offtake broaden the portfolio. Still, commodity price swings and project timing remain key risks.
The stock has returned 17.1% in the past six months. It has a trailing four-quarter earnings surprise of 7.04%, on average.
Pebblebrook Hotel Trust's raised 2026 outlook anchors the near-term case. Adjusted FFO is guided in the range of $1.88-$1.92 per share, with adjusted EBITDAre of $363.3–$367.3 million. Fourth-quarter adjusted FFO is guided in the range of 26 cents to 30 cents per share, supported by same-property RevPAR growth of 4.0%-6.0%. Its balance sheet strengthened and net debt-to-EBITDA declined to 5.1x.
The $350 million convertible notes due December are expected to be funded by cash, free cash flow and term loan capacity, leaving no other maturities until 2028. Capital spending is guided to be in the range of $60–$70 million as redevelopment largely wraps up. The October sale of Hotel Zags for $10.0 million and preferred repurchases at a 23% discount show capital discipline, while stronger 2027 convention calendars in San Diego and Boston offer a tailwind.
The stock has returned 53.3% in the past six-month period. It delivered a trailing four-quarter earnings surprise of 20.72%, on average.
Chord Energy is sharpening its focus on the Williston Basin through the $550 million sale of non-operated Marcellus assets to POSCO International, expected to close in the fourth quarter. Management expects the divestiture to lift oil weighting by roughly 4 to 5 percentage points, trim annual capital spending by about $25 million and keep net leverage declining.
Its updated guidance will arrive with third-quarter results. Preliminary third-quarter volumes beat the high end of guidance across oil, gas and NGLs, while $804.7 million of cash supports buybacks, including $44.3 million repurchased so far in the fourth quarter. Michael Lou, a 17-year company veteran, became CEO on Oct. 19, signaling continuity. Lease operating expenses should rise modestly per barrel after the sale closes.
This stock has declined 3.6% in the past six months. It has a trailing four-quarter earnings surprise of 11.7%, on average.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/3023159/4-stocks-trading-near-52-week-high-with-more-upside-potential
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.