Stocks hitting new 52-week highs and lows have investors questioning market valuations. Howard Marks’ concerns about the S&P 500’s high average p/e ratio of 22 for non-Magnificent companies compared to historical levels prompt reflection on market performance. The Magnificent Seven stocks have shown significant returns, with Nvidia contributing a significant portion.

Mueller Industries has hit a new 52-week high and an all-time high, up 553.2% over five years due to strategic positioning in the construction industry. With a solid balance sheet and reasonable valuation, the stock continues to perform well, providing investors with a stable growth opportunity.

Steel Dynamics also reached new highs, benefiting from increased steel prices due to tariffs. Analysts rate the stock positively, with target prices above the current value, suggesting long-term potential for investors. Nimble steel stocks like STLD offer stability and growth opportunities in a changing market.

Cencora, a drug distributor, has also reached new highs due to strategic investments in distribution centers. Analysts rate the stock positively, with a target price slightly above the current value. With plans for continued investments, the company’s momentum is expected to remain strong over the next five years, making it a solid investment choice.

Read more at Yahoo Finance: 3 Stocks at Fresh 52-Week AND Record Highs to Buy Now