Redrow plc, Moss Bros Group plc and Dart Group PLC are all soaring.
It looks like the FTSE 100 (UKX) is hitting new 52-weeks records almost every day, having broken the 6,100 barrier today to reach 6,107 after putting on another 53 points. That comes barely a week after the index of top UK stocks finally rose above 6,000 after months of coming close.
As the FTSE is reaching for the sky, so are a good few constituents of the various indices. Here are three that are making it big:
Housebuilders have been doing very well over the past year, and Redrow (LSE: RDW) is no exception, closing on a new high of 172p yesterday. That takes the shares up nearly 50% over the past 12 months, with all of that gain coming since the summer.
Forecasts look pretty decent too. Figures for June 2013 suggest a price-to-earnings (P/E) ratio of over 15, but that falls to 11 on 2014 expectations, with the dividend yield starting to creep back up again.
Moss Bros Group (LSE: MOSB) hit a new 52-week high of 66.5p today, taking the price up around 90% over the past year. Moss Bros has presented us with a nice recovery, turning several years of losses into a small pre-tax profit for the year ending January 2012, and boosted that further at the interim stage this year. Forecasts for the next few years are increasingly positive.
The last of our three today, Dart Group (LSE: DTG), has seen its shares more than double over the past 12 months, hitting a new closing high of 130p yesterday -- and it's at that same level as I write today.
The aviation services and distribution group has steadily grown its revenues over the past few years, and is on for a strong rise in profits this year. There's not much of a dividend on offer, but the shares are on a modest P/E of around 7.
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.
If you don't think a million is feasible, read Motley Fool report "10 Steps To Making A Million In The Market" and see if you change your mind. The report won't cost you a penny, so click here to have a copy delivered to your inbox while it's still available.
> Alan does not own any shares mentioned in this article.