Can These 4 Stocks Break the Dow’s Losing Streak?

The Dow (NYSE:DIA) declined for the third consecutive day, while oil (NYSE:USO) and precious metals (NYSE:GLD) took a much needed pause.

These 4 companies reported earnings after the bell on Wednesday.  Will these stocks break the Dow’s losing streak?

1)  Salesforce.com Inc. (NYSE:CRM): The earnings report sent shares to the clouds, gaining over 8% in after hour trading.  The company reported earnings of $457 million (31 cents per share) for the fourth quarter.  Analysts were only expecting about 26 cents per share.

2) AIG (NYSE:AIG): One of the most famous bailout recipients finally has a profitable quarter after three losing quarters.  The insurer giant reported net income of $11.2 billion ($16.60 per share) for the fourth quarter.  This was an improvement over last year’s $8.87 billion loss.  Shares are up 1% in late trading.

3) Gap Inc. (NYSE:GPS): The company reported a fourth quarter earnings beat.  Net income was $365 million (60 cents per share), compared to only $352 (51 cents per share) a year earlier.  The clothing retailer plans on opening 75 new franchises and 50 company owned stores overseas.

4) Applied Materials (NASDAQ:AMAT): The computer chip manufacturer reported a huge boost in net income.  For the most recent quarter, net income increased to $506 million (38 cents per share).  This was a huge improvement from last year’s $83 million (6 cents per share).  Revenue also increased 45% to $2.69 billion.  Investors don’t appear impressed, shares traded only .44% higher after the closing bell.

Disclosure: No positions

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