3 Stocks to Buy at 12 Month Highs

52-Week Highs

Pushing to new 12 month highs today were shares of Starbucks Corp. (SBUX), Lions Gate Entertainment Corp. (LGF), and Cisco Systems (CSCO)

WallStNation.com Sponsors - Become one Today

3 Strong Stocks to Buy- WallStNation.com

SBUX

LGF

CSCO

 

Starbucks (SBUX) shares hit $53.83 making a 53% return in the last 12 months alone. Starbucks continue to fire on all cylinders and packs a 1.27% annual dividend yield.  UBS put a "Buy" rating on SBUX today and lifted their price target to $61.  The firm believes the all star coffee company will increase its earnings on stronger sales growth.  Starbucks shares are now trading with a P/E Ratio of 32.2 and EPS of 1.66.

Lions Gate Entertainment Corp (LGF) has become the momentum stock of 2012.  This year LGF has jumped 83% and the stock is still under $16.  Today Lions Gate hit another 52-week high of $15.30 and closed up 7%.  LGF is on a incredible tear as it gears up to premiere its epic "Hunger Games" movie.

Its dangerous to bet against this stock now but its hard to believe in its high P/E Ratio of 70.9 if "Hunger Games" doesn't deliver the goods this weekend.  The movie opens this weekend and the three-day sales forecast is as much as $115 million and $270 million over its run in U.S. theaters, according to researcher Boxoffice.com.

Cisco Systems (CSCO) hit a new 52-week high of $20.64.  The company has finally fallen back in favor with traders and analysts after getting as low as $13.30 last year.  Despite its 40% return since last summer Cisco packs a 1.56% annual dividend yield.

 

Bottom line: Starbucks, Lions Gate, and Cisco shares are poised to keep climbing higher. Should the major indexes continue to climb higher these three stocks are going along for the ride.

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details