One good way to filter out potential stock ideas is to study the list of stocks hitting their 52-week highs.
This achievement usually implies that something good is happening with the business that makes investors optimistic about it.
Of course, you will still need to review the company’s financials, study its risks, and look at its prospects to decide if such a stock is worthy of your portfolio.
Here are three US growth stocks that recently hit their 52-week highs that you could add to your buy watchlist.
Carpenter Technology Group (NYSE: CRS)
Carpenter Technology deals with high-performance speciality alloy materials and process solutions for critical applications in the aerospace, defence, and medical sectors.
The business saw its share price hit its 52-week high of US$236.59 and is up more than 31% year-to-date (YTD).
The company reported a strong performance for the first nine months of fiscal 2025 (9M FY2025) ending 31 March 2025.
Revenue rose 8.2% year on year to US$2.1 billion while operating profit jumped 40.9% year on year to US$554.6 million.
Net profit more than doubled year on year from US$92.9 million to US$264.3 million.
Carpenter Technology also generated a positive free cash flow of US$86 million for 9M FY2025, more than twice the US$36.5 million churned out in the previous year.
The company also upped its operating profit guidance for FY2025 to US$520 million to US$527 million, higher than the previous range of between US$500 million to US$520 million.
A quarterly cash dividend of US$0.20 per share was also declared for the current quarter.
Carpenter Technology is optimistic of continued earnings growth beyond FY2025, and management is targeting operating income of US$765 million to US$800 million for FY2027.
GE Aerospace (NYSE: GE)
GE Aerospace is one of the companies resulting from the three-way split of General Electric Corporation that occurred last year.
The other two are GE Vernova (NYSE: GEV) and GE Healthcare (NASDAQ: GEHC).
GE Aerospace is a leader in propulsion, services, and systems with an installed base of around 45,000 commercial and 25,000 military aircraft engines.
The company saw its share price surge 38% YTD to US$232.79, just off its 52-week high of US$237.30.
GE Aerospace reported a commendable set of earnings for the first quarter of 2025 (1Q 2025).
Total revenue rose 11% year on year to US$9.9 billion.
Net profit climbed 13% year on year to US$2.2 billion.
Free cash flow, however, dipped slightly from US$1.43 billion to US$1.34 billion for the quarter.
Total orders stood at US$12.3 billion at the end of March 2025, up 12% year on year.
The business gave strong guidance for 2025 and expects to generate operating profit of between US$7.8 billion to US$8.2 billion (2024: US$7.3 billion).
Free cash flow is projected to be in the range of US$6.3 billion to US$6.8 billion (2024: US$6.1 billion).
GE Aerospace announced plans to invest nearly US$1 billion in US manufacturing and technology to enhance its production and improve its capabilities.
The business will rely on its breakthrough innovations and extensive installed base to snag more contracts and continue building its order book.
Mastercard (NYSE: MA)
Mastercard is a payment network company that helps to facilitate payments between customers, financial institutions, and vendors.
Through this network, Mastercard ensures quick, secure, and convenient payments and transactions using its 3.5 billion debit, credit and prepaid cards.
The company’s share price recently hit a 52-week high of US$588.45 but has drifted down to US$563.58, still up 7.9% YTD.
Mastercard reported a solid set of financial results to start the year.
Revenue rose 14.2% year on year to US$7.3 billion while operating profit climbed 15.1% year on year to US$4.1 billion.
Net profit improved by nearly 9% year on year to US$3.3 billion.
The payments processing company also saw free cash flow soar 56.3% year on year to US$2 billion.
A quarterly dividend of US$0.76 was paid out, 15.2% higher than the US$0.66 paid out a year ago.
1Q 2025 saw gross dollar volume of transactions hit US$2.4 trillion, representing a growth of 9% year on year.
Just last month, Mastercard and Corpay (NYSE: CPAY) launched a strategic partnership in cross-border payments to deliver an enhanced suite of corporate cross-border payment solutions.
By doing so, Mastercard’s customers will have simplified access to end-to-end cross-border payment choices including carded and non-carded solutions.
Later that month, the company also launched its agentic payments programme – Mastercard Agent Pay.
This initiative allows Mastercard to work with Microsoft (NASDAQ: MSFT) and other artificial intelligence platforms to scale agentic commerce.
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Disclosure: Royston Yang owns shares of Mastercard.
