We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
It's been a dramatic past few weeks around the world, and that has led to some hesitant trading. In fact, since early August, it has looked like the red-hot market will finish 2017 a bit slower than it started the year. Nevertheless, our major indices are still near their all-time highs, and several notable individual stocks are hitting new peaks as well.
Indeed, according to Barchart.com, 77 different stocks had reached new all-time highs through early afternoon trading on Wednesday, including Wall Street titans like Alibaba (BABA), Home Depot (HD), and Unitedhealth (UNH).
What’s more interesting than that is the fact that a handful of today’s new highs are also on our Zacks Rank #1 (Strong Buy) list. Some investors may be hesitant to buy a stock at its all-time peak, but if the Zacks Rank is indicating that shares could move even higher, it could be a unique opportunity to ride a strong company’s momentum.
So what are these elusive companies? Check out five Zacks Rank #1 (Strong Buy) stocks that just touched new all-time highs today.
First American Financial is a provider of title insurance, escrow, property and casualty insurance, and homeowners insurance services. The stock has been hovering near its all-time high for the past few trading days, and earlier this morning, shares reached a new peak of $49.57. FAF is now up over 32.5% year-to-date. On top of its strong Zacks Rank, this stock is also sporting an “A” grade for Value in our Style Scores system, and the company offers a respectable 3.08% dividend.
2.Altra Industrial Motion ()
Altra Industrial Motion is a designer and manufacturer of electromechanical power transmission products. After starting the day relatively flat, AIMC surged more than 1.2% to hit a new all-time high of $47.05 per share in early afternoon trading. The stock has now gained nearly 75% over the past year, and with a strong Zacks Rank, it could continue climbing. AIMC is also sporting a “B” grade for Growth and is expected to improve its earnings by more than 30% this year.
Dana is a provider of technology drivetrain, sealing, and thermal-management products. The stock has been climbing throughout the majority of Wednesday, and shares touched a new all-time high of $25.26 in early afternoon hours. In addition to its strong Zacks Rank, Dana is sitting atop an industry that is in the top 17% of the Zacks Industry Rank. The stock also has an “A” grade for Value, and the company is currently sporting a P/E ratio of just 10.46.
Estee Lauder is a leading global manufacturer of skin care, makeup, fragrance and hair care products. The stock opened higher today, eventually reaching a new all-time high of $109.97 per share in early afternoon hours. EL is now up nearly 43% this year, making it one of the hottest stocks in the cosmetics industry. Furthermore, Estee Lauder is sporting “B” grades for Growth and Momentum, and with a beta rating of 0.67, this stock is also hypothetically less volatile than the market average.
Etegris is a leading material provider for the semiconductor manufacturing and disk manufacturing markets. Shares started surging in early afternoon trading and moved about 0.65% higher than Tuesday's close, touching a new all-time high of $27.35 in the process. Etegris is a leading an industry that is currently sitting in the top 4% of the Zacks Industry Rank, and the company has told a remarkable growth story so far this year. For the full year, we expect Etegris to report earnings growth of more than 35% and sales growth of 11%.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
5 Strong Buy Stocks That Just Hit All-Time Highs
It's been a dramatic past few weeks around the world, and that has led to some hesitant trading. In fact, since early August, it has looked like the red-hot market will finish 2017 a bit slower than it started the year. Nevertheless, our major indices are still near their all-time highs, and several notable individual stocks are hitting new peaks as well.
Indeed, according to Barchart.com, 77 different stocks had reached new all-time highs through early afternoon trading on Wednesday, including Wall Street titans like Alibaba (BABA), Home Depot (HD), and Unitedhealth (UNH).
What’s more interesting than that is the fact that a handful of today’s new highs are also on our Zacks Rank #1 (Strong Buy) list. Some investors may be hesitant to buy a stock at its all-time peak, but if the Zacks Rank is indicating that shares could move even higher, it could be a unique opportunity to ride a strong company’s momentum.
So what are these elusive companies? Check out five Zacks Rank #1 (Strong Buy) stocks that just touched new all-time highs today.
1. First American Financial ((FAF - Free Report) )
First American Financial is a provider of title insurance, escrow, property and casualty insurance, and homeowners insurance services. The stock has been hovering near its all-time high for the past few trading days, and earlier this morning, shares reached a new peak of $49.57. FAF is now up over 32.5% year-to-date. On top of its strong Zacks Rank, this stock is also sporting an “A” grade for Value in our Style Scores system, and the company offers a respectable 3.08% dividend.
2. Altra Industrial Motion ()
Altra Industrial Motion is a designer and manufacturer of electromechanical power transmission products. After starting the day relatively flat, AIMC surged more than 1.2% to hit a new all-time high of $47.05 per share in early afternoon trading. The stock has now gained nearly 75% over the past year, and with a strong Zacks Rank, it could continue climbing. AIMC is also sporting a “B” grade for Growth and is expected to improve its earnings by more than 30% this year.
3. Dana Incorporated ((DAN - Free Report) )
Dana is a provider of technology drivetrain, sealing, and thermal-management products. The stock has been climbing throughout the majority of Wednesday, and shares touched a new all-time high of $25.26 in early afternoon hours. In addition to its strong Zacks Rank, Dana is sitting atop an industry that is in the top 17% of the Zacks Industry Rank. The stock also has an “A” grade for Value, and the company is currently sporting a P/E ratio of just 10.46.
4. Estee Lauder ((EL - Free Report) )
Estee Lauder is a leading global manufacturer of skin care, makeup, fragrance and hair care products. The stock opened higher today, eventually reaching a new all-time high of $109.97 per share in early afternoon hours. EL is now up nearly 43% this year, making it one of the hottest stocks in the cosmetics industry. Furthermore, Estee Lauder is sporting “B” grades for Growth and Momentum, and with a beta rating of 0.67, this stock is also hypothetically less volatile than the market average.
5. Etegris, Inc. ((ENTG - Free Report) )
Etegris is a leading material provider for the semiconductor manufacturing and disk manufacturing markets. Shares started surging in early afternoon trading and moved about 0.65% higher than Tuesday's close, touching a new all-time high of $27.35 in the process. Etegris is a leading an industry that is currently sitting in the top 4% of the Zacks Industry Rank, and the company has told a remarkable growth story so far this year. For the full year, we expect Etegris to report earnings growth of more than 35% and sales growth of 11%.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>