Five stocks poised to close the year at record high

It has been a solid year for stocks. The major indexes have traded near record highs most of the year, and The Dow Jones is currently inching its way up to the 24,000 mark.

As to be expected, we have seen some stocks enjoy major breakout years, but there have also been plenty of stocks that have enjoyed a steady upward trend through the year. Regardless of the year to date gains, both groups of stocks have components that are are currently trading near not only 52-week highs, but also all-time record highs.

The current earnings season has been upbeat, and consumer and investor confidence remains strong enough to keep pushing the markets higher through the remainder of the year, and into the new year.

While the general view of the economy remains very strong, some investors are starting to worry that the market will have to correct at some point, and as such are holding back on investing in stocks that are trading near record levels in fear of profit taking pushing shares lower.

The concern is understandable, but some high-flying stocks appear to have more upside. Here are five stocks that are current near their record high, that could close out the year at record levels.

Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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