American International Group Inc (AIG), E TRADE Financial Corporation (ETFC): The S&P’s Hardest-Fought Milestone in 28 Years

On the other hand, toward the top of the return list, you’ll find many old-economy stocks that were largely out of favor in 2000. Reynolds American, Inc. (NYSE:RAI) has soared almost 2,500% since then, having overcome the threat of major tobacco-litigation losses largely unscathed. Pharmacy benefit manager Express Scripts Holding Company (NASDAQ:ESRX) has climbed more than 2,200%, with several health-insurance companies also posting strong performance as the health-care industry has changed to favor companies that help manage costs of providing medical services.

How long until 1,700?
Bullish investors certainly hope that it won’t take another 13 years for the S&P to reach 1,700. Yet investors will simply have to wait and see whether we’ve broken a logjam that will rapidly lead to successive 100-point milestones in the months and years to come.

The article The S&P’s Hardest-Fought Milestone in 28 Years originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger owns warrants on AIG. You can follow him on Twitter: @DanCaplinger. The Motley Fool recommends and owns shares of AIG and Express Scripts and has options on AIG.

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