The benchmark S&P 500 index closed at an all-time high on Jan. 19 as investors resumed buying equities with a vengeance. Closing at 4,839.81, it surpassed its previous record high set in January 2022. Also, the Dow Jones Industrial Average and technology-focused Nasdaq 100 indices are currently at record highs.
While technology stocks continue to lead, many non-tech stocks that are presently on an upswing, trading at 52-week highs. While investors might hesitate to take a position in a stock near peak, some stocks will likely continue rallying higher. And that makes now a fine time to allocate capital. Strong earnings and favorable market conditions will keep these equities moving upwards in coming months.
Let’s explore three stocks that are still worth buying at 52-week highs.
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