3 Hot Dow Stocks Outperforming the Index
The Dow Jones Industrial Average (NYSE:DIA) continues its downward trend today, falling a more slight 0.16%. While the majority of its 30 components are trading in the red today, these three stocks are outperforming the index:
Coca-Cola (NYSE:KO) shares are outperforming all other Dow components today, up 1.64% today. With the average yield on investment-grade bonds nearing record lows, the beverage company announced today that it plans to take advantage of the low borrowing costs to sell $2 billion of its debt.
Also outperforming the Dow is Intel (NASDAQ:INTC), which has spent a significant amount of the day down below its opening share price, but is currently trading up 1.21%. After the chip maker issued a 21 cents-a-share dividend to its shareholders today, it announced that it had invested about $22 million in three Chinese high-tech companies through its venture capital arm. The entire semiconductor (NYSE:SMH) space did well today: Advanced Micro Devices (NYSE:AMD), Texas Instruments Inc. (NYSE:TXN), National Semiconductor Corp. (NYSE:NSM), ON Semiconductor Corp. (NASDAQ:ONNN), Analog Devices Inc. (NYSE:ADI), and Intersil Corp. (NASDAQ:ISIL).
General Electric (NYSE:GE) shares are up 0.64% today, recovering from getting slaughtered yesterday. The stock is rebounding with the broader markets as investors temper their pessimism for the moment.