The S&P 500 is still trying to get to a new high — but the day is already here for some of its members.
Seven stocks in the S&P 500, including Williams, Netflix and Intuit are within 0.1% of a 52-week high, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.
That's an impressive feat. The average S&P 500 stock is still more than 16% below the 52-week high. And the S&P 500 is 3.61% away from its record close of 45014.04 hit Dec. 4, 2024, says Dow Jones.
"Once again, momentum is the key. The positive vibes around the quest for new highs is outweighing more prosaic concerns," said Interactive Brokers Chief Strategist Steve Sosnick.
What's At Highs?
Power demands from energy-hungry AI models continue to push utilities stocks higher. Case in point: Williams. The Tulsa-based utility has seen shares surge more than 16% this year. That puts the stock right at a new high. And the chart looks good too. The stock sports an RS Rating of 85. And analysts think profit will jump 13% this year.
Netflix, too, has had a huge year. The stock is up nearly 47% this year, putting its just 0.1% away from a high. Such a massive run gives the stock an RS Rating of 95. Meanwhile, analysts think the company's profit will rise 29% this year.
Turbo Gains For TurboTax Maker
Intuit company enjoys a huge market focused on financial software, and watched as its stock shot up 23% this year to nearly a new high of 772.86. The RS Rating is 87. And earnings are set to gain 19% this year.
So, while investors may still wait for the S&P 500 to reach a new summit, some stocks are already in rarefied air.
S&P 500 Just At Highs
They're within 0.1% of 52-week highs
| Company | Ticker | YTD | From % high |
|---|---|---|---|
| Williams Companies | WMB | 16.2% | 0.0% |
| Netflix | NFLX | 46.6% | -0.1% |
| Intuit | INTU | 23.0% | -0.1% |
| DoorDash | DASH | 42.9% | -0.1% |
| Royal Caribbean | RCL | 28.3% | -0.1% |
| Seagate Technology | STX | 63.0% | -0.1% |
| Microsoft | MSFT | 18.0% | -0.1% |
