Stocks at All-Time-Highs originally published at
“long-term-investments.blogspot.com”. I always look at stocks at
new 52-Week Highs or All-Time-Highs. Those are the most wanted assets on the market.
Companies with a rising stock price show good signs
of a healthy business and prospect a rosy future but it’s also dangerous to buy
them at high P/E levels.
Think about Tesla or Apple, both hit week for week new highs over a long time and made many investors of the early stage investing era very rich but with a forward P/E
of 83.87, Tesla is not cheap. You run into risk when you buy the shares at this price. The possibility to see the
price you have paid never again is high. Apple however is valuated with a forward P/E of 12.55
and has a proven business model with a strong brand. Apple has definitely a lower
risk profile than Tesla.
Recently, 14 companies hit a new All-Time-High. Five
of the stocks pay dividends. You can find them in the attached list of stocks at
new All-Time-Highs. One of the biggest companies is the oil and gas drilling and
exploration stock, ConocoPhillips.
