6 giant stocks smash all-time highs

Investors are counting the days before the ongoing market rally returns stocks to an all-time high. But the wait is over—if you own the right stocks.

There are six companies in the Standard & Poor’s 500, including online retailer Amazon.com (AMZN), Google holding company Alphabet (GOOGL) and beauty product maker L Brands (LB) that are already trading at or above their all-time highs, according to a USA TODAY analysis of data from S&P Capital IQ.

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And there could be more where that came from. Thanks to the market’s recent rally, which has pushed the S&P 500 up more than 6% over the past month, there are 30 additional stocks that aren’t at all-time highs yet—but are less than 2% away.

Seeing so many stocks race close to record highs offers a vote of confidence for the market as it goes into what’s usually the strongest season for returns. The S&P 500 itself is just 1% away from its high-water mark of 2128.28 set in July. The S&P 500 is down roughly 7 points Wednesday at 2102.39.

Traders work on the floor of the New York Stock Exchange.

Traders work on the floor of the New York Stock Exchange.

But there’s no more waiting for investors in Amazon.com, which has seen its shares more than double this year to $644.34—taking out its previous all-time high of $630.70. Amazon’s previous high was set in late October following the company’s surprising profit during the third quarter. If you back out the company’s three splits, a 2-for-1 in 1999 and 1998 and a 3-for-1 in 1999—the stock would be trading for an astounding $7,680 a share.

Tech definitely holds a pole position in the race to new highs. Alphabet—also coming off a strong third quarter for results—is trading for $756.55 a share—leaving behind its previous all-time high of $752.50 on Oct. 23. Investors continue to applaud the company’s highly profitable model of mining personal online data and selling those in aggregate to online advertisers. The company is expected to put up 12% growth in adjusted profit this fiscal year and another 18% growth in fiscal 2016.

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