Investing

Unusual Stocks At All-Time Highs (CLB, CLH, CVLT, INTU, LGF, LO, MA, MJN, FIRE)

We are seeing some surprise moves for all-time high stocks this Wednesday.  Some are even moving without the benefit of fresh news.

Core Laboratories NV (NYSE: CLB) almost made it to $125.00 today and shares are still up about 2% as the company is a production enhancer for the petroleum industry.

Clean Harbors, Inc. (NYSE: CLH) is up 6.5% at $69.90 after earnings beat yet again.  This one has had a serious run over the last decade and is now a $3.7 billion stock in environmental remediation. 

Commvault Systems, Inc. (NASDAQ: CVLT) went north of $55.20 today on strength of its data and information management software applications.  So much for considering this a buyout candidate at an all-time high trading at about 50-times earnings.

Intuit Inc. (NASDAQ: INTU) is up almost 7% after earnings ahead of tax season as more and more ‘do-it-yourselfers’ are doing their own taxes.  The market value here is now $18.2 billion.

Lions Gate Entertainment Corporation (NYSE: LGF) briefly hit a new all-time high of $12.75 on the day and shares are still positive.  This is ahead of the trilogy for The Hunger Games. It looks like Jim Cramer was right here about ultimately heading to $15.00 per share, at least so far.

Lorillard, Inc. (NYSE: LO) was a surprise all-time high above $130 today. It is a tobacco stock worth $17 billion and its dividend is now counted as bout 4.9%.

Mastercard Inc. (NYSE: MA) continues to win from just being the swipe merchant who wins off of each and every time a consumer has his card swiped at the register.  Shares are now over $400.00 and the dividend has a long way to go before drawing in big dividend chasers.

Mead Johnson Nutrition Company (NYSE: MJN) is shocking to see on the list considering that its false alarm over Enfamil being mistakenly put as the cause for infant deaths. The company was cleared of this and it remains a strong player. Shares went over $78.00 today.

Sourcefire, Inc. (NASDAQ: FIRE) is up 22% after a great earnings forecast based upon strong cyber security demand.  Shares went over $44.00 today, ap almost 100% from its 52-week low and up from a brief low of $5.00 or so back at the peak of the end of 2008 selling.

JON C. OGG

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