Investing
Over 10 Big Stocks Hitting New All-Time Highs (AAPL, DLTR, ECL, MCD, MNST, NKE, PNRA, SBUX, AAP, AZO, ORLY)
Published:
Last Updated:
The logic from technical traders is simple: “Stocks hitting new highs tend to keep hitting new highs.” Eventually that comes to an end, sometimes a painful end. Until that end arrives it sure gives the bulls a lot to cheer about. When these are big companies of $10 billion and more hitting all-time highs, the bulls get even more excited. Here are just some of the all-time highs which have been seen today:
Apple Inc. (NASDAQ: AAPL) hit a new high this morning ahead of next week’s earnings. The new value is almost at $400 billion. The new high is $428.50 for now and the consensus price target from Thomson Reuters is now above $509.00.
Dollar Tree, Inc. (NASDAQ: DLTR) is continuing with the trade-down economy and the secular growth of the dollar store (actually sub-$10) stores. The new high is $85.58 and the consensus price target is $86.27 from Thomson Reuters. Dollar Tree is now worth more than $10 billion in market capitalization.
Ecolab Inc. (NYSE: ECL) is worth almost $14 billion now, and the new high today of $60.45 compares to a Thomson Reuters consensus price target of $61.56.
Read Also: Top 2012 Stock Picks From Major Gurus
McDonald’s Corporation (NYSE: MCD) gave solid same-store sales forecast and recently juiced up its dividend. The new high is $101.87 and the market cap is nearing $104 billion.
Monster Beverage Corporation (NASDAQ: MNST) recently announced a stock split and shares hit a new high this morning but have promptly backed off by close to 2%. The new high is $101.67 and the consensus analyst target is close to $105.00. It is hard to imagine, but Monster now has a market value of almost $8.7 billion.
Nike Inc. (NYSE: NKE) keeps doing it. A new high of $100.75 was put in today after a prior 52-week high of $99.44. Its market value now eclipses $46 billion.
Panera Bread Company (NASDAQ: PNRA) is up at stratosphere levels now for its healthier sandwich and destination approach. The new high is $151.93 and the consensus price target from Thomson Reuters is $146.68. Its market cap is now almost $4.5 billion.
Read Also: DJIA Projected 12% Gains to 13,678 in 2012
Starbucks Corporation (NASDAQ: SBUX) has proven us very wrong on how high the valuation can go back up to. The new high is $48.15 and the consensus price target from Thomson Reuters is just under $48.00 and the market cap is now more than $35 billion.
Advance Auto Parts Inc. (NYSE: AAP) worth over $5 billion, AutoZone, Inc. (NYSE: AZO) worth over $13 billion, and O’Reilly Automotive, Inc. (NASDAQ: ORLY) worth over $10 billion… These all hit record high prices in their stocks on Wednesday. With a record age car fleet in America of more than 10 years, car parts stores and suppliers sure are going to have a lot of car owners to sell parts to that are long past the warranty and insurance coverage.
JON C. OGG
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
