Investors are counting the days before the ongoing market rally returns stocks to an all-time high. But the wait is over—if you own the right stocks.
There are six companies in the Standard & Poor’s 500, including online retailer Amazon.com (AMZN), Google holding company Alphabet (GOOGL) and beauty product maker L Brands (LB) that are already trading at or above their all-time highs, according to a USA TODAY analysis of data from S&P Capital IQ.
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And there could be more where that came from. Thanks to the market’s recent rally, which has pushed the S&P 500 up more than 6% over the past month, there are 30 additional stocks that aren’t at all-time highs yet—but are less than 2% away.
Seeing so many stocks race close to record highs offers a vote of confidence for the market as it goes into what’s usually the strongest season for returns. The S&P 500 itself is just 1% away from its high-water mark of 2128.28 set in July. The S&P 500 is down roughly 7 points Wednesday at 2102.39.
But there’s no more waiting for investors in Amazon.com, which has seen its shares more than double this year to $644.34—taking out its previous all-time high of $630.70. Amazon’s previous high was set in late October following the company’s surprising profit during the third quarter. If you back out the company’s three splits, a 2-for-1 in 1999 and 1998 and a 3-for-1 in 1999—the stock would be trading for an astounding $7,680 a share.
Tech definitely holds a pole position in the race to new highs. Alphabet—also coming off a strong third quarter for results—is trading for $756.55 a share—leaving behind its previous all-time high of $752.50 on Oct. 23. Investors continue to applaud the company’s highly profitable model of mining personal online data and selling those in aggregate to online advertisers. The company is expected to put up 12% growth in adjusted profit this fiscal year and another 18% growth in fiscal 2016.