Despite Plunge of Broder Market, These Stocks Hit All-Time-Highs
Although the broader market pulled back yesterday, these stocks also hit fresh new highs. Most of them make the list for many times.
$Wal-Mart(WMT)$ hit an all-time high due to robust same-store sales growth, beating analyst estimates with a 6% increase in quarterly sales to over $173 billion. Optimistic guidance for the current quarter, expecting a revenue rise of 4% to 5%, and plans to acquire smart-TV maker Vizio for $2.3 billion also boosted investor confidence.
Strong earnings and Walmart's foray into online advertising have raised speculation about $Costco(COST)$, known for consistently surpassing estimates. Costco is set to release earnings on March 7th, prompting interest in its performance and potential market response.
$Progressive(PGR)$ reported its earnings last Wednesday, showcasing $5,495.7 million in net premiums written and $5,386 million in net premiums earned. The company's net income for the period stood at $700.7 million, translating to $1.18 per share for common shareholders.
$Berkshire Hathaway(BRK.A)$ , led by Warren Buffett, is once regarded as a safe bet. It operates in various sectors, including insurance, utilities, railroads, manufacturing, and retail. Warren Buffett’s annual letter to shareholders will be published on 24 February.
$Ametek Inc(AME)$ , Inc. is a global leader in electronic instruments and electromechanical devices, operating in two main segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG).
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