I also look at stocks at new highs. I believe that it’s a good sign when the stock is near all time highs or close to new 52-Week Highs. Something must run well right and investors gift trust to the corporate. You should definitely care about a solid valuation and avoid it to buy stocks with higher P/E’s.
Today I would like to present you some higher capitalized High Yields that are a few percentage points below new 52-Week Highs. It should be possible that these stocks can hit new highs in the near future.
Only fifteen stocks with more than USD 2 billion market capitalization are traded close to new highs and twelve of them got a current buy or better rating by investment firms. Two companies have a double-digit dividend yield.