The market continues to move higher, fueled by tax reform that once again pushed The Dow Jones to a new record high.
Investors have enjoyed strong gains since President Trump’s unexpected victory last year, and the Republican’s ability to come together on tax reform should push shares higher moving forward.
Companies are already earning a lot of money, so lower taxes will allow them to return more money to shareholders through higher dividends and greater share buybacks, so the market is reacting positively to the tax reform plan and pushing shares into record territory once again.
With the markets near record highs, a lot of individual stocks have always enjoyed big breakout years. In some cases, these stocks appear to have traded up into overbought territory, but there are still plenty of high-flying stocks that have the potential to build on recent gains and continue trending higher.
If you have some extra cash you are looking to invest before the end of the year, consider these five stocks, as it appears as if nothing can stop their upward momentum.