« S&P 500 Sector P/E Ratios | Main | Where Have The All or Nothing Days Gone? »
Thursday
Mar012012

High Priced Stocks Becoming Higher Priced Stocks

If it seems like the really high-priced stocks out there have been soaring this year, it's because many of them have been.  Below are charts of four widely traded high-priced stocks that have gone parabolic in 2012 -- Apple (AAPL), priceline.com (PCLN), Chipotle (CMG) and AutoZone (AZO).  Intuitive Surgical (ISRG), MasterCard (MA), and CME Group (CME) are three other high-priced stocks that have also shot up in 2012.  It's rare to see one stock go on a run like this, much less seven.

There are some high-priced stocks that aren't soaring, however.  Google (GOOG) is probably the most well-known stock out there behind Apple (AAPL), and it's actually down 3.64% year to date.

Below is a list of all of the Russell 3,000 stocks that started the year above $200/share.  As shown, there were just 17 names in the index that cost more than $200/share at the start of 2012.  While the stocks mentioned above (all >$200/share) have been soaring, the average YTD performance of all 17 stocks comes in at 9.63%, which is actually nearly 200 basis points less than the average YTD change of 11.49% for all Russell 3,000 stocks.

In fact, the 22 stocks in the Russell 3,000 that started the year under $1/share have done much better than the high-priced stocks.  As shown below, these stocks are up an average of 31.27% in 2012.