Apple (NASDAQ: AAPL) closed Friday within half a percent of its all-time high. Altria (NYSE: MO) closed a stone's throw away from its 52-week high, roughly 1.6% away from the key level. JPMorgan (NYSE: JPM) is pressing near record levels, quickly closing in on a $1 trillion valuation. But if none of that sounds familiar, it is because almost nobody is talking about it.
The market's attention has been locked on the correction ripping through the AI trade, and understandably so, given how far and fast the sector's leaders have fallen from their peaks. But markets rarely reward the crowd for staring at the same story. While the drama unfolds, a group of blue-chips spanning healthcare, tobacco, beverages, banking, and consumer technology has been quietly grinding to new highs, with several reporting earnings in the next two weeks.