Bank of America and 2 Stocks Bucking the Dow Jones Industrial Average Sell Off
The Dow Jones Industrial Average (NYSEARCA:DIA) is down by 0.30% today and stands at 12,681. Here are three notable stocks that have toped the market today.
Bank of America Corporation (NYSE:BAC): Bank of America is up 31% year to date. Evercore attributes this rise to increased security about the bank’s capital position. A $25 billion settlement between the major banks and the state governments hinges on whether California and New York will participate or not. BAC shares recently traded at $7.20, up $0.13, or 1.84%. They have traded in a 52-week range of $4.92 to $14.95. Volume today was 233,011,710 shares versus a 3-month average volume of 270,384,000 shares. The company’s trailing P/E is 720.00, while trailing earnings are $0.01 per share.
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Intel Corporation (NASDAQ:INTC) is buying the InfiniBand adapter card from QLogic for 125 million dollars. This continues to improve Intel’s network offerings. INTC shares recently traded at $26.80, up $0.42, or 1.59%. They have traded in a 52-week range of $19.16 to $26.47. Volume today was 46,220,003 shares versus a 3-month average volume of 54,825,300 shares. The company’s trailing P/E is 11.21, while trailing earnings are $2.39 per share.
Hewlett-Packard Company Common (NYSE:HPQ): While much of the tech sector is down today, Hewlett Packard is bucking the trend with a general demand for tech bellwethers. HPQ shares recently traded at $28.47, up $0.34, or 1.21%. They have traded in a 52-week range of $21.50 to $49.39. Volume today was 13,598,692 shares versus a 3-month average volume of 17,943,800 shares. The company’s trailing P/E is 8.57, while trailing earnings are $3.32 per share.
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