It would be hard to find these stocks on the “recommended” list of too many prestigious Wall Street investment firms. These are not as widely followed — or cared about — as Apple
, not by a long shot. Nonetheless, despite the lack of high-powered analyst interest, here they are making new highs anyway.
World Wresting Entertainment, J&J Snack Foods and Ulta Beauty
World Wrestling Entertainment
The stock trades with a price-earnings ratio of 32, higher than the Standard & Poor’s p/e of 20.53. Earnings per share this year are up 33.50% and the past 5-year EPS growth rate is 36.80%. Average daily volume is a relatively low 670,000 shares. The company pays a .59% dividend. Market capitalization is $5.95 billion.
It’s always nice to be trading above both your up trending 50-day moving average (the blue line) and your up trending 200-day moving average (the red line.) Many well-known big tech and social media stocks would love to have a chart pattern that looks like this, but they don’t.
J&J Snack Foods Corp (NASDAQ
With a market capitalization of $3.1 billion, J&J Snack Foods is trading with a very high price-earnings ratio: 66. This year’s earnings per share increased by 2025. The earnings growth over the past 5 years comes in at -6.40%. Investors receive a dividend of 1.72%.
The stock hit the higher high, sold off and then buyers came back in again. It’s good to be trading above those 2 significant moving averages.
ULTA Beauty Inc (NASDAQ: ULTA) sells beauty products, on-line and in stores around the country. The company is black-owned, founded by sisters Rebecca Grammer-Ybarra and Christiana Grammer and has headquarters in Bolingbrook, Illinois.
Earnings per share this year are up by 478%. The EPS gain over the past 5 years is 22.50%. The stock trades with a price-earnings ratio of 21, in line with the stock market as a whole. The company has no long-term debt on the books. No dividend is paid. Average daily volume is 766,000 shares.
The stock hit the new high and then a few sellers showed up to take profits. It’s bullish from a price chart analysis viewpoint that the 50-day moving average and the 200-day moving average are both trending upward.
Not investment advice. For educational purposes only.
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