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5 Large-Caps Flirting With 52-Week Highs

NEW YORK ( TheStreet) - The S&P 500 is down more than 6% for the year but certain stocks are continuing to rally to fresh highs despite the selling pressure. Once a stock peaks to new 52-week highs, it comes under increased attention. This can be either positive or negative for the stock depending on the situation. The following stocks recently hit 52-week highs, showing strength in an overall weak market.

The majority of the stocks discussed here belong to the food and beverage sector, a classic defensive bet that does better in an economic downturn. In addition, three from this sector, Starbucks (SBUX - Get Report), McDonald's (MCD - Get Report) and Yum! Brands (YUM - Get Report) are expanding operations and gaining traction in the emerging markets.

The last stock to consider here is from the energy sector, Plains All American Pipeline (PAA - Get Report). With oil prices reaching close to $100 per barrel, PAA is worth a second look.

Based on average estimates of analysts polled by Bloomberg, these five stocks have potential upsides ranging from 5% to 12%. Of analysts covering the stock, an average of 69% recommend a buy.

The stocks are listed in ascending order of upside potential.

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SYM TRADE IT LAST %CHG
DEO $117.85 0.73%
MCD $99.11 -1.14%
PAA $49.86 0.65%
SBUX $93.63 0.61%
YUM $80.52 0.55%

Markets

DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

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