4 Stocks Near 52-Week Highs May Still Have More Room to Climb

Sanmina, Astronics, Taiwan Semiconductor Manufacturing, and Fluor are drawing investor attention after screening as stocks trading close to their 52-week highs with possible additional upside.

Market Momentum Remains a Key Signal

Stocks trading near a 52-week high often create mixed feelings for investors. On one hand, a high price can suggest strong confidence, improving business trends, and steady demand. On the other hand, some investors worry that these stocks may already be too expensive.

However, a stock reaching or approaching a yearly high does not always mean the rally is ending. In many cases, companies with rising earnings estimates, strong sales growth, healthy trading volume, and positive price momentum can continue moving higher. This is the idea behind the “buy high, sell higher” strategy often used by momentum-focused investors.

According to the Zacks-based screen republished by TradingView, the latest group of stocks highlighted includes Sanmina Corporation (SANM), Astronics Corporation (ATRO), Taiwan Semiconductor Manufacturing Company (TSM), and Fluor Corporation (FLR). These companies passed filters linked to price strength, valuation, earnings growth, liquidity, and Zacks Rank.

Sanmina Benefits From AI Infrastructure Demand

Sanmina has gained attention as demand for cloud, artificial intelligence infrastructure, and advanced manufacturing continues to grow. The company’s momentum has been supported by stronger activity in its Integrated Manufacturing Solutions business and expansion tied to AI hardware needs.

Sanmina’s acquisition of ZT Systems has helped scale its cloud and AI infrastructure exposure. The company has also strengthened its position through a strategic relationship with AMD, supporting its role as a U.S.-based manufacturing partner for next-generation cloud racks and AI clusters.

Another growth driver is Sanmina’s planned Houston energy facility, which is expected to support products such as medium-voltage transformers and switchgear. This move may help diversify revenue beyond electronics manufacturing and into energy-related infrastructure.

Astronics Rides Aerospace Recovery

Astronics is another stock highlighted for strong momentum. The company serves the aerospace and defense markets, and its recent performance has benefited from improving commercial aerospace demand.

The company reported record fourth-quarter sales for 2025, supported mainly by strength in its aerospace segment. A large backlog also gives Astronics better revenue visibility heading into 2026. This is important because backlog can show how much future work a company already has lined up.

Astronics has also been working to improve profitability. Its acquisition of Bühler Motor Aviation expanded its position in aircraft seat actuation and motion systems, while restructuring efforts in its Test Systems segment may support future margin improvement.

Taiwan Semiconductor Remains Central to the AI Chip Boom

Taiwan Semiconductor Manufacturing Company, often known as TSMC, remains one of the most important companies in the global semiconductor supply chain. The company manufactures advanced chips used in smartphones, data centers, artificial intelligence systems, and high-performance computing.

TSMC’s strength is tied closely to rising demand for advanced chips. High-performance computing has become a major revenue driver, showing how important AI-related demand has become for the company.

The company is also investing heavily in future production capacity and advanced chip nodes. Its progress in 2-nanometer production and roadmap toward even smaller technologies reinforces its leadership position in semiconductor manufacturing.

Fluor Gains From Backlog, Capital Returns, and Energy Projects

Fluor has also been identified as a stock with continued upside potential. The engineering, procurement, and construction company has benefited from a strong backlog and a large project pipeline.

Fluor’s balance sheet received support from the sale of NuScale Power shares, which helped unlock significant proceeds. The company has also returned capital to shareholders through share repurchases.

In addition, Fluor’s re-entry into the gas-fired power market and its work tied to domestic uranium enrichment may support long-term project opportunities. These areas connect Fluor to energy security, infrastructure, and power generation trends.

Why These Stocks Stand Out

The common factor among these four stocks is not only that they trade near 52-week highs. They also show signs of business strength, earnings momentum, and investor confidence.

The Zacks screen used several filters, including:

• Trading within 20% of a 52-week high

• Positive price performance over four weeks and 12 weeks

• Strong earnings growth expectations

• Reasonable valuation compared with industry peers

• Share price above $5

• Average trading volume above 100,000 shares

• Zacks Rank #1, or Strong Buy

These filters aim to find stocks that have already shown strength but may still have room to rise. Still, investors should remember that momentum stocks can be volatile. A stock near a yearly high may continue climbing, but it can also pull back quickly if earnings disappoint, market sentiment weakens, or valuation concerns grow.

Investor Takeaway

Sanmina, Astronics, Taiwan Semiconductor, and Fluor represent four different areas of market strength: AI infrastructure, aerospace, advanced semiconductors, and engineering-led energy projects. Their recent momentum reflects improving business fundamentals and positive investor expectations.

For investors, the key lesson is that a 52-week high should not be viewed automatically as a warning sign. Instead, it should be used as a starting point for deeper research. Strong companies can keep moving higher when earnings, cash flow, backlog, demand, and analyst estimates continue to improve.

At the same time, this news should not be treated as personal financial advice. Investors should review each company’s valuation, risks, balance sheet, earnings outlook, and industry conditions before making any decision.

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