2 Stocks You Can Still Buy at All-Time Highs
For some reason, we have always been taught to try and buy low and sell high. While that might seem logical, it is a good way to miss out on buying some of the best stocks.
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Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.
2024-02-10 11:41

2 Stocks You Can Still Buy at All-Time Highs

All-time high prices are not a bearish indicator. In fact, when stocks and the markets are at all-time highs, it is almost always a bullish sign.
2 Stocks You Can Still Buy at All-Time Highs
Adding to your winners, even if they are trading at all-time highs can be a way of compounding your gains faster than buying low and waiting for the price to rise. Here are 2 stocks that recently hit all-time high prices that are still worthy of buying.

Meta Platforms ($502.3|2.48%)

Well, what a difference a year makes. Back in 2022, this stock was left for dead. Nobody uses social media anymore and the Metaverse is a waste of time and money. While the Metaverse might have been a waste of time and money, there is no doubting Meta’s incredible turnaround. Meta’s most recent quarter was one for the ages. Literally. It was the single largest gain to a company’s market cap in history. Meta blew away Wall Street estimates again, added a $50 billion share buyback program, and even added a quarterly dividend that will start at $0.50 per share. Meta is an animal right now and even though it hit an all-time high price, the company is still reasonably cheap compared to its other big tech siblings. Even after gaining 20% after earnings, Meta is still only trading at about nine times sales with a peg ratio of just over one. Don’t overthink it and I wouldn’t rule out a stock split at some point for the company as well. Meta is firing at all cylinders and I believe it will continue to make all-time highs in the coming years.

Costco Wholesale Corporation (NASDAQ: COST)

This is how strong Costco has been performing as of late: the stock is up by more than 11% this year, 45% over the past 52 weeks, and more than 234% over the past five years. Even with all that price increase, Costco is still trading at a price-to-sales ratio of 1.3. That is incredible and consistent sales growth that matches the ever-rising price of Costco’s stock. Now, shares might seem expensive at more than $700 as of the time of this writing. You certainly might be right on a price-to-earnings basis. But I can see Costco vying for a spot in the Dow Jones Industrial Average eventually which means a stock split could precede that. Add in consistent quarterly growth, both a quarterly and special dividends, and it’s easy to see why Costco’s stock is a great one to own even at all-time highs!


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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2024-02-10 11:41

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About the Author
Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.

$502.3
$12.172.48%
Perf. YTD44.69%
52W high-0.39%
52W low187.93%
PE Ratio33.78
MKT Cap1.35T
Other:  COST


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