Long term investors in household names like Qantas, CSL, and Wesfarmers will be very happy today with all three stocks hitting all-time highs.
Qantas is up 1.8 per cent today to $6.83, and is up 18 per cent since the start of the year. Qantas hit a low point of 96.7¢ in December 2013 and anyone astute enough to buy shares then has enjoyed a 600 per cent return on their capital.
CSL shares seem unstoppable at the moment, up $5.76 today to $267.10. The stock is up 44.2 per cent since the start of this year. The New Zealand-based health care product manufacturer, Fisher & Paykel, is also at all-time highs of $19.06 today, up from just $1.48 seven years ago.
And Wesfarmers is up 32 per cent since the start of this year, hitting a high of $41.33 today.
Cloud accounting services firm Xero is a younger company, but is at a high point currently with a stock price of $76.52. And Origin Energy is up to $8.31, the highest price for 14 months.