Fresnillo (LSE: FRES), easyJet (LSE: EZJ) and Ladbrokes (LSE: LAD) are all climbing.
A month or so ago, the FTSE 100 (UKX) was looking like it might beat its 52-week high of 5,989 points soon. But since then we've seen US markets fall on profitability fears, and Europe hit by the news that the eurozone is once again in recession. A new record level is looking increasingly further away, with the index of top UK stocks languishing on 5,750 points.
Still, individual constituents of the various FTSE indices are reaching new levels every day. Here are three that are flying:
Fresnillo (LSE: FRES) reached new heights this week, climbing to a 12-month high of 1,980p. The precious metals miner had previously seen its shares fall as low as 1,307p in the summer, when the allure of the shiny stuff seemed to be fading a little.
But the share price is up 45% since then as precious metals prices have been rising. There's still plenty of future growth built into today's share price, mind, with current forecasts putting the shares on a price-to-earnings (P/E) ratio of 30, which is more than twice the long-term FTSE average of around 14.
Shares in low-cost airline easyJet (LSE: EZJ) reached a new 52-week high yesterday, closing at 692p before falling back a little to 683p today. Yesterday's spike, which took the shares up to double their year-low of 344p, came as a result of strong full-year results.
Now that the company is moving to a strategy of paying attractive dividends rather than using its earnings to finance expansion in the cut-throat world of budget air travel, more and more investors are seeing it as less of a risk to own for the long term.
Investing in gambling firms is a lot more profitable than betting in their shops, if the share price of Ladbrokes (LSE: LAD) is anything to go by. Over the past year, the shares have climbed from a low of 121p just before the New Year, to hit a 12-month high of 192p this week -- and we're just a penny off that today, at 191p. That's a climb of nearly 60%.
Ladbrokes is a decent dividend-paying share as well, with a forecast yield of 4.6% per year for the next two years. It looks like a much better home for your cash than blowing it on the nags.
Finally, useful daily gains from shares can all play their part in making you your first million. the real secret to becoming rich from shares is simple long-term investing in fundamentally sound companies, and letting steady growth and dividends power your wealth upwards.
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> Alan does not own any shares mentioned in this article.