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



3 FTSE Shares Hitting New Highs

LONDON -- A month or so ago, the FTSE 100 (INDEX: ^FTSE  ) was looking like it might beat its 52-week high of 5,989 points soon. But since then we've seen U.S. markets fall on profitability fears and Europe hit by the news that the eurozone is once again in recession. A new record level is looking increasingly further away.

Still, individual constituents of the various FTSE indexes are reaching new levels every day. Here are three that have been flying of late.

Prudential (LSE: PRU.L  )
Shares in Prudential are hitting new heights today, up 2.1% to 886 pence and heading for their highest closing price of the year. As the financial sector recovers from the events of the credit crunch, Prudential is doing well, with its shares now up 60% from a 52-week low of 555 pence set almost exactly a year ago.

And current forecasts for the year to December don't look too stretching, putting the shares on a price-to-earnings ratio of 13 with a dividend yield of 3.2% expected.

TalkTalk (LSE: TALK.L  )
Telecom operator TalkTalk has been having a pretty good time, with interim results on Nov. 13 pushing the share price up to a 52-week high of 221 pence -- and that's a rise of more than 80% from the shares' low point of 119 pence in February. The price has stayed up at that level, too, and today it's just a few pence down to 216 pence.

The company is still expected to record a small fall in earnings this year, but at the time of those interim results we were told that we should expect a return to "year-on-year revenue growth" in 2013.

Mothercare (LSE: MTC.L  )
Those who specialize in recovery stories should love Mothercare, which has seen its share price shoot up by more than 120% over the past 12 months. Today, the price -- at 300 pence -- sits just a penny short of its 52-week high of 301 pence set last month.

At the interim report stage in October, we were told that the board's strategy was "showing early signs of progress," and City analysts are forecasting a quick return to significant profit.

Daily gains from shares can play their part in making you your first million. However, the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies and letting steady growth and dividends power your wealth upward. If you don't think making a million is feasible, read The Motley Fool report "10 Steps To Making A Million In The Market" and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.

Alan does not own any shares mentioned in this article. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (3)

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.

Compare Brokers

Fool Disclosure

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: 2121782, ~/Articles/ArticleHandler.aspx, 10/22/2016 4:23:47 PM

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...

Today's Market

updated 19 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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

10/21/2016 11:35 AM
^FTSE $7020.47 Down -6.43 -0.09%
FTSE 100 CAPS Rating: No stars