3 Stocks to Buy: Chasing 12 Month Highs


Traders that are tired of speculation at times go with strong preformers and buy up stocks closing in on 52-week highs.  Three coveted stocks that fit that description are Apple Inc (AAPL), IBM (IBM), and U.S. Bank Corp (USB).

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U.S. Bancorp (USB) shares are trading at $28.73 and its shares are now -3.52% below its 52-week high.
USB shares are now trading with a P/E Ratio of 11.7 and EPS of 2.46.  You also get a 1.4% annual dividend yield with USB.

USB has a very strong chart and the analysts covering the stock expect the trend to continue.  Earlier this month USB got a "Buy" rating increase from UBS.  The average target price for USB is $31.77 which implies the analyst believe it could increase 11% over the next 12 months.

Apple Inc. (AAPL) has proved to be an unstoppable corporation, firing on all cylinders with everyone behind them. Apple shares have traded between $310.5 and $526.29 over the past 12 months.  Despite the stock at $500 and change it company appears to be a great value trading with a P/E Ratio of 14.9 and EPS of 35.11. 

AAPL is less than 1% away from its 52-week high.  Try and find a qualified analyst that believes AAPL is overvalued, its pointless to bet against the company.

IBM (IBM) shares are trading just under $200 and less than 1% away from its 52-week high.  IBM is a household name with a massive $233 billion market cap.  IBM also pays a 1.52% annual dividend yield.  IBM Corp shares are now trading with a P/E Ratio of 15.1 and EPS of 13.08.


Bottom line: Chasing the fumes of quality companies that are close to their 52-week highs is a great way to bank coin if the bull market continues.  AAPL, IBM, and USB fit the model and will continue to gain should stocks increase.


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