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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 ((AIMC - Free Report) )

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!

 

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