Random 52-Week Highs

The list of stocks/ETFs hitting new highs is growing as the major indices break out to multi-year highs. What I find interesting is that not only are the popular names breaking out, but so are some of the lesser-known stocks and ETFs. Here are a few that may surprise investors.

• PowerShares Emerging Markets Sovereign Debt ETF ($PCY) - The basket of emerging market debt has surged straight higher after bottoming in early January. Along with the ETF breakout out to new highs, it pays a 5.2% dividend.
• Target Corp ($TGT) - The discount retailer typically does well during slow growth environments and when the risk-on trade is off. However this time around the retailer is enjoying success as it hits a new high today.
• Brookfield Infrastructure Partners ($BIP) - The company owns and operates various infrastructure properties around the globe. They include shipping terminals, LNG production facilities, etc. With the global economy still not at high growth levels it may be surprising this company is doing so well. It also pays a 4.8% dividend.

** My firm owns shares for all three mentioned for some of our clients.