DJIA Recap: Stocks Down 2.9%, IBM Catches Investor Interest

The Dow Jones Industrial Average (NYSEARCA:DIA) ended the week down 2.9% and to close at 11,796. Here are the biggest movers from the week:

The Boeing Company (NYSE:BA): Boeing’s stock is up after landing numerous contracts with Middle Eastern buyers of their planes. boeing projects that airlines in the Middle East will need no less than 2,500 new planes by 2030, which will be worth $450 billion in potential business. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 2,970,776 shares versus a 3-month average volume of 6,064,120 shares. The company’s trailing P/E is 13.58, while trailing earnings are $5.05 per share.

Investing Insights: Is Congress Trading Stocks on Inside Information?

International Business Machines (NYSE:IBM): Warren Buffett went on CNBC today and claimed that Berkshire Hathaway is a 5.5% owner of Big Blue. This turned out to be news to many of IBM’s executives. Most of the shares were purchased during the 3rd quarter, and on that basis Buffett’s purchase of stock has already been profitable. They have traded in a 52-week range of $141.18 to $190.53. Volume today was 2,865,075 shares versus a 3-month average volume of 6,521,600 shares. The company’s trailing P/E is 14.89, while trailing earnings are $12.69 per share.

Home Depot (NYSE:HD): Scott Ciccarelli of RBC Capital believes Home Depot will outperform Lowe’s in the coming year, as Home Depot has already undergone the process of cutting costs by outsourcing and closing less profitable locations. Home Depot’s earnings report comes out tomorrow. They have traded in a 52-week range of $26.62 to $39.38. Volume today was 5,401,860 shares versus a 3-month average volume of 9,649,150 shares. The company’s trailing P/E is 17.35, while trailing earnings are $2.22 per share.

Don’t Miss: Will Gold Offer Protection from a Thanksgiving Feast?

Bank of America Corporation (NYSE:BAC): The decision by Bank of America (NYSE:BAC) to sell its stake in China Construction Bank reflects its dire condition. The decision was likened by one analyst to an individual dipping into his 401K in order to pay the mortgage. Nevertheless, CEO Bryan Moynihan is right to focus on Bank of America’s (NYSE:BAC) survival, even if means sacrificing the company’s long-term profitability. The stock has regained yesterday’s losses.

Investing Insights: What Are These 3 Hedge Funds Doing With Gold?

Intel (NASDAQ:INTC): In addition to buying a stake in IBM, Warren Buffett is also buying into Intel through Berkshire Hathaway. The stock was up early this morning, and has maintained its strength.

Pfizer (NYSE:PFE): Leernik Swank analyst Seamus Fernandez has downgraded Pfizer from Outperform to Market Perform. After looking at the new products in the pipeline, Fernandez concluded that both sales and EPS estimates were unlikely to increase enough to justify Pfizer’s outperform status.

Don’t Miss: These Two Famous Hedge Funds Dumped Pfizer.

Bank of America (NYSE:BAC): The core power of Bank of America’s EPS has been shot. Too many problems: lawsuits, a stock swap, and frantic sale of non-core assets. Even with a huge discount to book value, Sterne Agee’s Todd Hagerman is passing on the stock. They have traded in a 52-week range of $5.13 to $15.31. Volume today was 249,269,120 shares versus a 3-month average volume of 292,775,000 shares. The company’s trailing earnings are $-0.31 per share.

Investing Insights: Is Congress Trading Stocks on Inside Information?

JPMorgan Chase (NYSE:JPM): JP Morgan is planning to issue mortgage-backed securities to support loans that have defaulted from Europe. A similar strategy was employed after the Savings and Loan crisis in the 1990s. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 27,828,128 shares versus a 3-month average volume of 46,359,300 shares. The company’s trailing P/E is 6.75, while trailing earnings are $4.69 per share.

American Express (NYSE:AXP): American Express is preparing for the imminent demise of the plastic credit card by investing $100 in digital commerce start-ups. American Express has also just opened an office in Palo Alto. They have traded in a 52-week range of $41.25 to $53.80. Volume today was 5,221,566 shares versus a 3-month average volume of 8,922,190 shares. The company’s trailing P/E is 12.11, while trailing earnings are $3.99 per share.

Don’t Miss: Oil Breaks $100 and Continues to Outperform Equities.

The Boeing Company (NYSE:BA): Lots of new orders means that Boeing is getting praised by many analysts, including Citigroup. General Electric (NYSE:GE) also caught over a billion dollars in benefits from Boeings record orders. The price target has been moved from $78 to $82. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 1,977,246 shares versus a 3-month average volume of 5,956,030 shares. The company’s trailing P/E is 13.22, while trailing earnings are $5.05 per share.

Don’t Miss: Angie’s List to Bask in Groupon’s Glow.

International Business Machines (NYSE:IBM): After getting a nice bounce from Warren Buffett’s announcement that he bought a large number of shares, IBM is back where it started. Many believe that Buffett is starting to lose his Midas touch. They have traded in a 52-week range of $141.28 to $190.53. Volume today was 1,924,031 shares versus a 3-month average volume of 6,472,720 shares. The company’s trailing P/E is 14.78, while trailing earnings are $12.69 per share.

Exxon Mobil (NYSE:XOM): Exxon is keen to drill oil in Kurdistan, but the Iraqi government in Baghdad is telling Exxon that such drilling may jeopardize contracts in Southern Iraq. However, Exxon may win out, as their involvement in Southern Iraq is crucial to any future venture’s success. They have traded in a 52-week range of $67.03 to $88.23. Volume today was 7,243,863 shares versus a 3-month average volume of 24,901,100 shares. The company’s trailing P/E is 9.55, while trailing earnings are $8.28 per share.

Investing Insights: Forget Bonds, Try These High Quality Dividend Stocks.

Hewlett Packard (NYSE:HPQ): The entire computer industry has been hit by a decline in West European PC shipments. The specific question that new CEO Meg Whitman must answer is how she can foster and support the engineering-centric culture that existed at the founding of this company. They have traded in a 52-week range of $21.50 to $49.39. Volume today was 9,328,996 shares versus a 3-month average volume of 27,878,100 shares. The company’s trailing P/E is 6.40, while trailing earnings are $4.26 per share.

Don’t Miss: Angie’s List to Bask in Groupon’s Glow.

Intel (NASDAQ:INTC): Just like IBM (NYSE:IBM), Intel is back where it started before Berkshire Hathaway’s (NYSE:BRKA) announcement that it had purchased large amounts of Intel’s stock. They have traded in a 52-week range of $19.16 to $25.50. Volume today was 33,151,603 shares versus a 3-month average volume of 64,055,300 shares. The company’s trailing P/E is 10.55, while trailing earnings are $2.31 per share.

Cisco Systems (NASDAQ:CSCO): Donald Yacktman has bought into Cisco as well as other notable tech stocks. “I can’t remember a time when so many quality companies were selling at low prices compared to alternatives.” They have traded in a 52-week range of $13.30 to $22.34. Volume today was 29,532,959 shares versus a 3-month average volume of 61,221,400 shares. The company’s trailing P/E is 15.80, while trailing earnings are $1.16 per share.

Investing Insights: Congress Loves These 50 Stocks.

More from The Cheat Sheet