Is now the time to buy these market favourites?

Ironically perhaps, as enticing as it can be to trawl the ‘new lows’ lists for investment opportunities, it can at times be just as beneficial to review companies making new highs for opportunities as well.

Last week saw a number of quality companies hitting new highs and while these stocks certainly don’t look ‘cheap’ based on usual metrics, the momentum and revenue growth opportunities available to these four companies could drive their stock prices even higher.

Fund manager BT Investment Management Ltd (ASX: BTT) – which is aligned with Westpac Banking Corp (ASX: WBC) – has enjoyed an outstanding run since mid-2012 with the stock rallying around 270%. Last week the share price hit an all-time high of $7.30 but given the company’s leverage to higher equity markets the stock could very easily continue to trend higher if equity markets continue to push higher.

G8 Education Ltd (ASX: GEM) appears to be able to do no wrong in the eyes of investors with the child care aggregator closing last Friday at an all-time high of $4.76. On Friday G8 also released an updated list of broker forecasts for the company, the average of these forecast has G8 earning a net profit after tax (NPAT) of $54.3 million in 2014 and a NPAT of $68.7 million in 2015 which would represent growth of 26.5% year-on-year.

iProperty Group Ltd (ASX: IPP) is similar in many ways to its larger and better known online property classified services peer REA Group Limited (ASX: REA), except its focus in on offering to Asian markets such as Malaysia, Singapore, Indonesia and Hong Kong. Investors appear to have taken a shine to iProperty’s full year results which were released in February, with the stock climbing from the $2.50 level in mid-February to $4.04 last week.

Packaging business Orora Ltd (ASX: ORA) didn’t have the strongest start to life as a stand-alone business following its spin-off from parent company Amcor Limited (ASX: AMC) last December. However after touching a low of $1.12 in early January, Orora has made good gains which will no doubt please investors in funds managed by Paradice Investment Management which purchased shares aggressively in late December and early January when Orora was trading near its lows.

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Motley Fool contributor Tim McArthur owns shares in BT Investment Management Ltd.

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