Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



How Stillwater Mining, Constellation Brands, and Gilead Sciences Set New Highs Today

On Wednesday, stocks extended their gains from yesterday's big jump, as investors remained enthusiastic about the prospects for strong returns in the second half of 2014 despite the current lofty levels on the most popular market benchmarks. Given that the Dow and S&P 500 once again hit new record levels today, it's no surprise that hundreds of stocks in the market are setting new highs at current levels. Nevertheless, some of those stocks performed more remarkably than others, and Stillwater Mining (NYSE: SWC  ) , Constellation Brands (NYSE: STZ  ) , and Gilead Sciences (NASDAQ: GILD  ) were among the more noteworthy of the company's reaching their best levels in a year or more on Wednesday.

Source: Stillwater Mining.

Stillwater Mining climbed 2.5% as investors continue to benefit from improving conditions in the platinum and palladium markets. Yesterday's positive news from the auto industry on June sales helped push platinum-group metals prices higher, with automakers needing the precious metals in order to produce pollution-control devices for their vehicles. At the same time, international production of the metals has been in jeopardy for a while, and even though labor groups in South Africa had come close to agreeing on a deal to end a long strike, some concerns about a potential new strike among miners in South Africa pushed spot prices higher. Even though Stillwater Mining has diversified its mining exposure to include gold, most investors still look at the company as a play on its platinum-group metal production, and right now, all signs look favorable for continued growth there.

Source: Wikimedia Commons.

Constellation Brands gained more than 2% as the beer and spirits giant released its latest earnings report. Sales jumped more than 125% thanks to the company's acquisition of Grupo Modelo's U.S. beer business last year, and strong demand led to higher volume growth and a jump of 14% in net sales. Even though sales of wine and spirits were somewhat sluggish, falling 1% after adjusting for currency fluctuations, investors applauded an increase in Constellation's profit guidance, which it raised from a range of $3.95 to $4.15 per share to a new range of $4.10 to $4.25. With operating margins for the beer business soaring, Constellation seems to be riding the right wave to future growth.

Source: Gilead Sciences.

Gilead Sciences rose 2% to set a new all-time high today, as the biotech giant continues to draw enthusiasm over the prospects for its Sovaldi treatment for hepatitis C. So far, sales of the hep-C drug have been extremely strong, and Gilead hasn't even yet tapped the full potential of the drug as it's still looking for approval in some high-profile international markets, including Japan. Yet Sovaldi isn't the only treatment making news for Gilead, as the company awaits FDA approval decisions for its idelalisib drug to treat various types of blood-related cancers. With deadlines for FDA review coming in the next couple of months, shareholders hope that positive news will serve as a catalyst for further gains.

Leaked: This coming blockbuster will make every biotech jealous
The best biotech investors consistently reap gigantic profits by recognizing true potential earlier and with more accuracy than anyone else. There's a product in development that will revolutionize how we treat a common chronic illness and could even change the entire health industry. Analysts are already licking their chops at the sales potential. To outsmart Wall Street and realize multibagger returns, you need The Motley Fool's new free report on the dream team responsible for this game-changing blockbuster. Click here now.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3016860, ~/Articles/ArticleHandler.aspx, 8/29/2015 8:38:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

Today's Market

updated 11 hours ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:00 PM
GILD $107.78 Down -0.21 -0.19%
Gilead Sciences CAPS Rating: *****
STZ $127.94 Up +0.90 +0.71%
Constellation Bran… CAPS Rating: ****
SWC $9.39 Up +0.31 +3.41%
Stillwater Mining… CAPS Rating: ***