Should you Buy Stocks that recently reached All-Time highs?

Jim Cramer is one of CNBC’s top stocks analysts and a former hedge  fund manager. In an edition of Mad Money, Cramer explained that he is  often inclined to buy stocks that have reached fresh all-time highs,  providing they have been rising consistently, and have pulled back since  reaching their latest high point: 

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“When I’m ready to establish a position, I wait for a pullback to come that’s at least 5 percent down,” Cramer said. His reasoning is simple: in order to reach new peaks, a company has  to continuously keeps its performance levels high – and such behavior is  not likely to change fast. In case you agree with Cramer’s approach, I  gathered a list of very known companies, which reached new all-time  highs recently: 

* Figures above are as of 17/05/2017. Up-to-date figures can be found on the Trade Markets page.
* All trading involves risk. Only risk capital you’re prepared to lose.
* The information above is not investment advice.