Better Than Expected Jobs Report Buoys These 3 DJIA Stocks
The Dow Jones Industrial Average (NYSE:DOW) is up by 0.09% today to 12,846. Here are three notable stocks that topped the market today.
Bank of America (NYSE:BAC): The decision by a California district court to throw out a suit by Allstate (NYSE:ALL) paves the way for Bank of America to negotiate a better settlement to get beyond the issues with Countrywide Financial. The stock is also up on the positive jobs report. BAC shares recently traded at $7.77, up $0.32, or 4.3%. They have traded in a 52-week range of $4.92 to $14.95. Volume today was 223,074,291 shares versus a 3-month average volume of 268,902,000 shares. The company’s trailing P/E is 777.00, while trailing earnings are $0.01 per share.
Caterpillar (NYSE:CAT) is mirroring the positive jobs news today by expanding its facilities in Texas and North Carolina. CAT shares recently traded at $113.00, up $2.67, or 2.42%. They have traded in a 52-week range of $67.54 to $116.55. Volume today was 4,003,153 shares versus a 3-month average volume of 7,765,790 shares. The company’s trailing P/E is 15.26, while trailing earnings are $7.40 per share.
Walt Disney (NYSE:DIS): The jobs report means a better economy, and a better economy means more advertising revenue for media companies. With the purchase of UTV through a subsidiary, Disney will soon be the largest film producer in India. DIS shares recently traded at $39.80, up $0.89, or 2.29%. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 4,756,719 shares versus a 3-month average volume of 11,309,900 shares. The company’s trailing P/E is 15.81, while trailing earnings are $2.52 per share.
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