S&P Giants And Record Highs

Within the S&P 500, 32 stocks now have market caps of at least $250 billion. Of those, four have traded at all-time highs today. Microsoft (MSFT) is the largest of these with a market cap of roughly $3.5 trillion. As for the rest of the Magnificent Seven members, there's a variety of where they are trading relative to their respective all-time highs, with ones like NVIDIA (NVDA) within 5%, whereas Tesla (TSLA) and Apple (AAPL) are down over 20%. The two major payment processors, Visa (V) and Mastercard (MA), are the next two largest stocks at record highs, followed by Big Blue: IBM (IBM).  While not closing out the week at a record, there's another four stocks that hit record highs this week, including Netflix (NFLX), Philip Morris (PM), Broadcom (AVGO), and Palantir (PLTR).

While there are plenty of names with recent highs, three stocks trace their records to much longer ago.  Bank of America (BAC) last traded at record highs way back in November 2006, and General Electric (GE) and Cisco (CSCO) have all-time highs from around 25 years ago. These three stocks are currently down double-digit percentages from those highs, but some are seeing interesting developments.


Below, we show the three aforementioned stocks with all-time highs dating back the furthest.  General Electric (GE) and Cisco (CSCO) are both on the verge of long-term breakouts after moving above long term resistance in recent months. Those rallies mean the next resistance levels to watch are their early 2000s highs.  As for BAC, price has come off the worst levels, but the highs from 2022 and this past spring would act as more tangible resistance before the 2006 all-time high comes into the picture.


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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...

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