Stocks usually hit their 52-week highs when positive news, such as a solid acquisition or robust earnings report, surrounds them. Investors, however, may be hesitant to load up on such stocks as they may feel that they are “expensive”. But remember that if the business is enjoying good earnings momentum, there’s no reason the stock cannot climb higher in the future. Here are four US growth stocks that recently hit their 52-week highs, and this quartet could perhaps end up on your buy watchlist.

Ecolab (NYSE: ECL)

Ecolab offers water, hygiene, and infection prevention solutions and services. The company uses science-based solutions and data-driven insights to ensure food safety and promote clean and safe environments. Shares of Ecolab have gained 20.3% in the past year and hit their 52-week high of US$273.69. The company reported a strong set of earnings for 2024 with sales rising 3% year on year to US$15.7 billion. Operating profit climbed 41% year on year...