CSL Limited has strong lead over Commonwealth Bank of Australia in race to $100

Who will be first to see $100 share price? CSL Limited (ASX: CSL) or Commonwealth Bank of Australia (ASX:CBA)?

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It seemed a forgone conclusion that Commonwealth Bank of Australia (ASX: CBA) would win the race to $100 last month, but biotech stock CSL Limited (ASX: CSL) has opened up a handy lead in the past few days.

In lunchtime trading, CSL shares are changing hands at around $95.57 per share, compared to CBA's shares on $93.94 and Cochlear Limited (ASX: COH) on $90.20.

In an interesting development, Macquarie Group Ltd (ASX: MQG) has seen its shares climb to $81.55, while another contender, Ramsay Health Care Limited (ASX: RHC) is still a fair way off the pace at $67.30.

As you can see from the chart below tracking their share prices since mid-February, CSL has taken the lead twice from CBA, including last week.

CBA vs CSL vs Cochlear

Source: Google Finance

My money's on CSL getting to $100 first. What about you?

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 Bruce Jackson. Motley Fool writer/analyst Mike King owns shares in CSL and Cochlear. You can follow Mike on Twitter @TMFKinga

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