3 Surprising Value Stocks That Reached All-Time Highs in 2020
Despite the impact of COVID-19 on the economy, the stock market has proved to investors that it remains a reliable way to foster long-term wealth. The S&P 500 looks to finish the year up over 15%. The headline success stories in 2020 of companies like Tesla and stay-at-home companies like Zoom Video Communications, Teladoc Health, and Chewy were somewhat surprising, but also well-publicized throughout the year.
The less discussed investing stories in 2020 were the successes of Disney (NYSE: DIS), Caterpillar (NYSE: CAT), and FedEx (NYSE: FDX). Disney and Caterpillar are trading at all-time highs despite reporting terrible overall results. Wall Street has hated FedEx for years, but now it's a darling that is taking full advantage of a huge surge in e-commerce.
Here's why the market is pricing these three stocks at their highest valuations in history, and the lessons you can take with you to beat the market for years to come.
Source Fool.com
