But these 5 companies are having more than just a good day – hitting 52-week share price highs.
Macquarie Group Ltd (ASX: MQG)
Shares in global banking and finance player Macquarie Group Ltd have rocketed up in the last 12 months, sitting at $122.55 at the time of writing – up 37% from its $89.23 share price at this time last year and a 52-week high for the stock.
Macquarie isn’t just a blue chip stock on the ASX, it’s a world leader in the major bank space and its investment in global infrastructure is likely behind its push upwards – with no signs of a slow-down in sight.
Insurance Australia Group Ltd (ASX: IAG)
Shares in general insurer Insurance Australia Group Ltd are up 1.6% at the time of writing to $8.58 – a 52-week share price high for the stock.
IAG is well known as a pretty reliable defensive stock on the ASX, with a positive response by investors recently to its plans to sell off its Asian operations.
There is some reason to be cautious in the insurance space right now, with an Australian Competition and Consumer Commission (ACCC) report into insurance rates threatening to put pressure on margins, but IAG looks in a good position to withstand some headwinds.
IAG’s half-year results were strong, with NPAT up by 23.5% and no signs there will be any bad surprises on its full-year books.
Woodside Petroleum Limited (ASX: WPL)
Oil and gas giant Woodside Petroleum Limited shares are up 0.6% to $34.95 – a 52-week high and 18% up from its share price at this time last year having recovered from several dips in between.
Woodside shares were expected to come under pressure this week as the oil price took a tumble, but it has held strong alongside peer Oil Search Limited (ASX: OSH) with Oil Search shares also up 0.5% to $8.56 at the time of writing.
SEEK Limited (ASX: SEK)
Online employment classifieds Seek Limited shares are sitting at $22.15 at the time of writing.
An all-time high for the stock and 32% up from its $16.80 share price at this time last year.
Seek delivered strong revenue and EBITDA growth for the first half of FY18 with full year NPAT expected to be between $225 million and $230 million.
Fellow listing companies REA Group Limited (ASX: REA) and Carsales.Com Ltd (ASX: CAR) are also travelling along well, with REA shares up 1.7% to $92.81 at the time of writing and Carsales shares rising 2.4% to $15.39 in morning trade.
Woolworths Group Ltd (ASX: WOW)
It might have done away with single-use plastic bags this week, but Woolworths Group Ltd’s share price has not suffered as a result – hitting a 52-week high – up 0.4% to $29.54 at the time of writing.
Woolworths today announced BP Australia would not continue with the proposed purchase of the petrol business, as announced in late 2016 and as a result strategic agreements Woolworths holds with BP will not be continued.
Woolworths reported it would “engage actively with alternative options” for its petrol business, but it will be interesting to see if the development will knock the share price off its pedestal to finish off the week down.
It's been a nail-biter of a reporting season here in the first half of 2018.
But the real action, in my opinion, is what companies are doing with dividends.
What does this mean for you? Well there is one stock I've found that could very well turn out to be THE best buy of 2018. And while there's no such thing as a 'sure thing' when it comes to investing - this ripper might come as close as I've ever seen.
Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. The Motley Fool Australia owns shares of Insurance Australia Group Limited. The Motley Fool Australia has recommended carsales.com Limited, REA Group Limited, and SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.