LONDON -- Is the FTSE 100 (INDEX: ^FTSE) getting cold feet again as it inches toward its 52-week high of 5,989 points? Well, after an up week so far, it has fallen back a bit today, down 0.27% from yesterday's nine-month high.
Still, even if the FTSE 100 hasn't quite hit a year-high, a number of constituents of the various indexes have. Let's take a look at three of them.
WH Smith (LSE:SMWH)
It's been a pretty good year for WH Smith, whose shares have risen more than 30% over the past 52 weeks to hit a new high of 668 pence. And since dipping to 467 pence in June, the shares have soared by 43%.
But even after that performance, current forecasts don't make the shares look expensive. City analysts have modest earnings-per-share growth of 6% penciled in, and that puts the shares on a price-to-earnings ratio of less than 10, and there's a 4.6% dividend yield predicted.
Xaar, the wonderfully named inkjet printing technologist, enjoyed a boost yesterday from a strong trading update, and its share price has responded by hitting a new 52-week high of 290 pence.
After a strong second half, Xaar expects full-year revenue of 83 million pounds to 85 million pounds, up 20% on last year's figure. And partly thanks to operating profit margins rising from 15% to about 20%, profit is now expected to come in ahead of market forecasts.
Telecom Plus (LSE:TEP)
Telecom and utility supplier Telecom Plus, which trades as the Utility Warehouse, is back on the up, having hit a new 12-month -- and five-year -- high of 910 pence today. The firm's price rise has been very impressive, and though the first quarter of this year did see a fall back to 602 pence, it is back up 50% since then.
Yet another two years of good growth are forecast, with dividend yields of 3.5% and 4.1% predicted for 2013 and 2014, respectively.
Finally, useful daily gains from shares can all play their part in making you your first million. But 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's 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.