This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DEO $112.31 0.00%
MCD $99.86 0.00%
PAA $41.75 0.00%
SBUX $57.93 0.00%
YUM $87.76 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs