3 Stocks Hitting High Notes
By
Dan Dzombak
August 6, 2008
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When a stock hits a fresh high, it can either signal that the stock is on its way to greatness or that it has run its course. Even with the risk of the latter, searching for these outperformers can reveal companies that are doing something right, much to their investors' delight.
Digging deeper
With that in mind, we'll use the aggregate intelligence of the 110,000-plus investors participating in Motley Fool CAPS to find stocks hitting 52-week highs today. The community's approval (as signified by four- and five-star ratings) could be a sign that further research is in order.
Here are three such stocks:
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Today’s High
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Industry
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CAPS Rating
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Fools Saying Outperform
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Wal-Mart Stores (NYSE: WMT)
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$61.00
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Retail
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***
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3,870 of 4,510
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Marsh & McLennan Companies (NYSE: MMC)
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$31.00
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Insurance
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****
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246 of 269
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Genentech (NYSE: DNA)
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$96.68
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Drugs
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****
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1,713 of 1,803
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Source: Motley Fool CAPS, as of Aug. 6, 2008.
Other Five-Star Retail Companies
CVS Caremark (NYSE: CVS) -- up 3.7% in the past year.
Walgreen (NYSE: WAG) -- stock price is 18.8% cheaper than a year ago.
Other Five-Star Insurance Companies
Markel (NYSE: MKL) -- stock price is 20.4% cheaper than a year ago.
Zenith National Insurance (NYSE: ZNT) -- stock price is 1.7% cheaper than a year ago.
Come and join us on CAPS to learn more about these and countless other interesting stock ideas. Click here to sign up.
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