Non-Artificial Intelligence Stocks Making New Highs

If you followed the financial/business media recently, you might think that only artificial intelligence-related stocks are hot, successful and worth covering. The odd obsession with who’s the CEO of Open AI and who’s not — it’s been a peculiar intense focus on the latest bubbling up from the venture capital/private equity world.

It may be hard to believe but stocks either completely unrelated to AI — or maybe only tangentially related to it — remain in uptrends. In fact, a few of them have been hitting new 52-week highs, one of the best signs known of investor interest. None of these have corporate headquarters in Palo Alto or Seattle.

4 Non AI Stocks Hitting New Highs.

Galiano Gold is a Canadian-based gold miner that trades on the Amex. With headquarters in Vancouver, British Columbia, the company owns and manages the Asanko Gold Mine in Ghana, West Africa and this month bought out Goldfield’s 45% ownership.

Market capitalization comes to $219 million and average daily volume is light at 283,00 shares. Galiano trades with a price-earnings ratio of just 3.64 and at 1.06 times book value.

Earnings this year are off by 18.49% — over the past 5 years, earnings have grown by 44.90%. The company has no debt and pays no dividend.

You can see how the stock reacted positively to the news of the Asanko buyout:

La-Z-BoyLZB makes and sells furniture, fixtures and appliances. The 95-year old company has headquarters in Monroe, Michigan and operations throughout the United States and globally.

With a market cap of $1.61 billion, it trades at 1.68 times book with a price-earnings ratio of 13.54. This year’s earnings are down by 24.61%. The past 5-year earnings show growth of 15.85%.

La-Z-Boy pays a 2.01% dividend. For a New York Stock Exchange-listed stock, it trades relatively lightly with average daily volume of 395,000 shares. In August, Raymond James had downgraded its rating of the company from “outperform” to “market perform.”

Today’s new high marks a very good November/December for the stock. Here’s the daily price chart:

Manulife Financial is a life insurance company with headquarters in Toronto, Ontario, Canada. The New York Stock Exchange-listed firm has a 130-year history and a market capitalization of $39.92 billion.

It trades with a price-earnings ratio of 11 and at 1.33 times book. Earnings are higher this year by 6.21% and higher over the past 5 years by 30.24%. Investors are paid a 4.85% dividend.

Earlier this month, RBC Capital analysts upgraded their opinion of Manulife from “sector perform” to “sector outperform.” The daily price chart looks like this:

Shoe CarnivalSCVL is — guess what — a footwear company traded on the Nasdaq and based in Evansville, Indiana with stores in 35 states and in Puerto Rico and, of course, it’s online as well.

The market cap is $832 million. It trades at 1.46 times book value with a price-earnings ratio of 10.59. This year’s earnings are taking a hit: they’re down by 31.73%. Over the past 5 years earnings look good: they’re up by 47%.

The company recently announced a share buyback program. Shoe Carnival is paying a dividend of 1.43%. Average daily volume is light at 243,000 shares.

The daily price chart is here:

Stats courtesy of FinViz.com.

Follow me on Twitter or LinkedIn.