Interesting New 52-Week Highs

Scanning the 52-week high list today has peaked my interest for the first time in a few days. There are a number of stocks I felt are worth mentioning.

Titan Machinery ($TITN) - Sells agriculture and construction equipment and reported blockbuster earnings. The company guided next fiscal year earnings between $2.55 and $2.75. Based on the median estimate the stock is trading with a forward P/E ratio of 12.1 even after the 15% rally today.

EPAM Systems ($EPAM) - An IT services outsourcing company that went public in early February continues to surge to new highs. The company trades with a PEG ratio of 0.67 - very attractive fundamentally and technically.

Companhia Energetica de Minas Gerais ($CIG) - The Brazilian electric utility company has one of the best charts in the country and is now reaching new highs. The 4.3% dividend is a major bonus.

Mattress Firm Holdings ($MFRM) - An operator or mattress stores the went public in November of last year. Up 20% today to a new high and is up well over 100% the close on its first day of trading. I just bought a new mattress - and they are not cheap!!

Big Week for IPOs

Today 4 IPOs began trading, one day after 3 new issues entered the market.

Here are today's IPOs:

• CafePress ($PRSS) - Owns e-commerce sites where customers create, buy, and sell personalized products. Priced at $19.

• Millenial Media ($MM) - The 2nd largest mobile advertising platform in the US. Priced at $13.

• Rexnord ($RXN) - Manufactures gears, bearings, and water management products. Priced at $18.

• Merrimack Pharmaceuticals ($MACK) - Uses a network biology system to develop cancer treatments. Priced at $7.
  

ETF of the Day - First Trust IPOX 100 ETF

First Trust IPOX 100 Index ETF ($FPX)

The name can be a little deceiving because it suggests it invests in 100 recent IPOs. The ETF does just that, but investors must realize that the stocks can trade for up to 1000 days after they become public to be considered for the ETF. The biggest holdings as of today are Visa ($V), Philip Morris International ($PM), General Motors ($GM), and Kinder Morgan ($KMI).

As far as sectors, IT makes up 25%, consumer discretionary 23%, consumer staples 18%, and energy 14%. Investors hoping to get a large exposure to the more recent IPOs and cloud computing will be disappointed. That being said, the ETF hit a new all-time high last week and the top 10 stocks are impressive. The net expense ratio on the ETF is 0.60%.