Stocks at All-Time-Highs originally published at "long-term-investments.blogspot.com". I always look at stocks at new 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.
Here is the full table with some fundamentals:
Take a closer look at the full list. The average P/E ratio amounts to 25.32. The dividend yield has a value of 1.54 percent. Price to book ratio is 5.41 and price to sales ratio 5.23.