Bank of America Leads Dow Jones Industrial Average on a Positive Day
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 1.16% and stands at 12,779. The large stocks below are among the most positive performers today.
Bank of America (NYSE:BAC) actually has been the best performing stock on the Dow in 2012. Banks are leading the stock rally, as positive economic data from Europe and China is helping. The fact that Bank of America will be invalid with the Facebook IPO is helping as well. BAC shares recently traded at $7.42, up $0.29, or 4.07%. They have traded in a 52-week range of $4.92 to $14.95. Volume today was 183,008,903 shares versus a 3-month average volume of 269,517,000 shares. The company’s trailing P/E is 741.50, while trailing earnings are $0.01 per share.
Boeing (NYSE:BA) Air Astana is buying $1 billion of planes from Boeing. Motley Fool warned today that Boeing has a lot of intangible assets relative to its tangible book value, and that could spell trouble down the road. BA shares recently traded at $75.75, up $1.57, or 2.12%. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 1,998,438 shares versus a 3-month average volume of 5,402,460 shares. The company’s trailing P/E is 14.19, while trailing earnings are $5.34 per share.
Hewlett Packard (NYSE:HPQ): Technology stocks are leading the market up today. Hewlett Packard is not bearing any losses to the fact that Apple has surpassed Hewlett Packard as the leading seller of personal computers. HPQ shares recently traded at $28.85, up $0.87, or 3.11%. They have traded in a 52-week range of $21.50 to $49.39. Volume today was 6,882,982 shares versus a 3-month average volume of 17,399,500 shares. The company’s trailing P/E is 8.69, while trailing earnings are $3.32 per share.
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