DJIA Weekly Stock Recap: Alcoa, JP Morgan, and Intel Shares in the Spotlight

The Dow Jones Industrial Average (NYSEARCA:DIA) closed the week up 7.01% at 12,019. These stocks were the biggest winners and losers during the week.

Alcoa (NYSE:AA): Alcoa jumped up at the beginning of the session as the market-wide rally lifts all boats. Alcoa is still trading at one of its lowest levels in the past year. AA shares  have traded in a 52-week range of $8.45 to $18.47. Volume today was 12,452,358 shares versus a 3-month average volume of 34,207,400 shares. The company’s trailing P/E is 9.91, while trailing earnings are $0.95 per share.

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Caterpillar (NYSE:CAT) The company has been experiencing increased heavy equipment orders, as improving conditions in North America and Asia are offsetting losses in Europe and the Middle East. The stock jumped at the beginning of the session, and has been essentially flat since. CAT shares have traded in a 52-week range of $67.54 to $116.55. Volume today was 3,380,507 shares versus a 3-month average volume of 10,403,200 shares. The company’s trailing P/E is 13.96, while trailing earnings are $6.54 per share.

Boeing (NYSE:BA): Boeing has 700 airplane orders pending with 9 different customers. Three deals that have been announced publicly accounting for 336 of those planes. The stock jumped at the start of trading. BA shares have traded in a 52-week range of $56.01 to $80.65. Volume today was 1,969,516 shares versus a 3-month average volume of 5,814,840 shares. The company’s trailing P/E is 12.95, while trailing earnings are $5.05 per share.

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Bank of America (NYSE:BAC): Banks on both sides of the Atlantic are up as a result of new plans to neutralize the Eurozone debt crisis. There is only one problem: nobody knows if it will work. BAC shares have traded in a 52-week range of $5.12 to $15.31. Volume today was 138,259,645 shares versus a 3-month average volume of 267,795,000 shares. The company’s trailing earnings are $-0.31 per share.

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JPMorgan Chase (NYSE:JPM) China’s long, slow but definite economic liberalization continues with a relaxing of its currency controls. JPMorgan and Chase is a beneficiary, as it is being allowed to create a $1 billion renmimbi fund that will be allowed to bypass foreign exchange controls. JPMorgan and Chase is up with other bank stocks. JPM shares have traded in a 52-week range of $29.45 to $48.36. Volume today was 20,594,961 shares versus a 3-month average volume of 30,053,600 shares. The company’s trailing P/E is 6.30, while trailing earnings are $4.69 per share.

General Electric (NYSE:GE): An examination of GE’s stock history reveals that the behemoth remains well below its late-2007 highs. However, new optimism about the American economy is propelling GE higher. GE shares have traded in a 52-week range of $14.02 to $21.65. Volume today was 23,962,376 shares versus a 3-month average volume of 69,360,900 shares. The company’s trailing P/E is 11.56, while trailing earnings are $1.31 per share.

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Home Depot (NYSE:HD): Fitch has lifted the credit rating for Home Depot even while it downgrades Home Depot’s main competitor Lowe’s. Fitch sanguine outlook for Home Depot is for three reasons: strong operations, good cash flow and positive same-store sales. HD shares have traded in a 52-week range of $26.62 to $39.38. Volume today was 5,751,847 shares versus a 3-month average volume of 9,649,150 shares. The company’s trailing P/E is 16.51, while trailing earnings are $2.32 per share.

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Coca-Cola (NYSE:KO): Coca Cola has proven to be a strong blue chip with a high-performing dividend for some time. The strong performs well in weak economic environments as well. KO shares have traded in a 52-week range of $61.29 to $71.77. Volume today was 4,140,892 shares versus a 3-month average volume of 10,054,600 shares. The company’s trailing P/E is 12.16, while trailing earnings are $5.44 per share.

Hewlett Packard (NYSE:HPQ): RBC has moved Hewlett Packard from sector perform to outperform. Why? Well, RBC came to this conclusion after meeting with Meg Whitman, and deciding that Hewlett Packard’s has reduced expectations by a sufficient amount. HPQ shares have traded in a 52-week range of $21.50 to $49.39. Volume today was 12,426,584 shares versus a 3-month average volume of 24,616,400 shares. The company’s trailing P/E is 8.25, while trailing earnings are $3.32 per share.

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General Electric (NYSE:GE): General Electric is up big with the rest of the broader market today. The gains of the stock were almost all in the first few minutes of trading today. GE shares have traded in a 52-week range of $14.02 to $21.65. Volume today was 48,218,279 shares versus a 3-month average volume of 70,000,100 shares. The company’s trailing P/E is 12.01, while trailing earnings are $1.31 per share.

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Caterpillar (NYSE:CAT) If Caterpillar is used as a barometer for global economic activity, then there is reason for optimism. If Caterpillar and the rest of the market is up because of the stopgap measure to stop the bleeding in Europe, then there is some cause for concern. CAT shares have traded in a 52-week range of $67.54 to $116.55. Volume today was 7,561,201 shares versus a 3-month average volume of 10,346,100 shares. The company’s trailing P/E is 14.84, while trailing earnings are $6.54 per share.

Alcoa (NYSE:AA): After falling precipitously, Alcoa is making a comeback, and experienced great days on Monday and today. AA shares have traded in a 52-week range of $8.45 to $18.47. Volume today was 22,350,487 shares versus a 3-month average volume of 34,251,400 shares. The company’s trailing P/E is 10.29, while trailing earnings are $0.95 per share.

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Cisco Systems, Inc. (NASDAQ:CSCO): Cisco jumps after Deutsche Bank endorses the networking equipment giant, citing evidence of a “robust” demand for data center IT rollouts in areas such as 10-gigabit ethernet switches, application virtualization and security. IT’s growth in “architecture” of networks may be helping Cisco catch up to competitors like Juniper (NYSE:JNPR). CSCO shares have traded in a 52-week range of $13.30 to $22.34. Volume today was 35,645,531 shares versus a 3-month average volume of 58,740,900 shares. The company’s trailing P/E is 16.13, while trailing earnings are $1.16 per share.

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Microsoft Corporation (NASDAQ:MSFT): Yahoo (NASDAQ:YHOO) is down following Bloomberg’s report that Silver Lake and Microsoft bid a paltry 10%-15% stake in convertible preferred securities for a $16.60/share. P-E firm TPG capital has offered $17.50/share for a minority stake and others are showing interest, but there is little hope for bids higher than $20/share, says Kara Swisher. MSFT shares have traded in a 52-week range of $23.65 to $29.46. Volume today was 32,280,694 shares versus a 3-month average volume of 55,930,700 shares. The company’s trailing P/E is 9.27, while trailing earnings are $2.75 per share.

AT&T, Inc. (NYSE:T): AT&T and China Telecom (NYSE:CHA) will broaden their relationship to allow the American company to expand its services for business customers in China, while China Telecom will enhance its services to Asian customers in the U.S. using AT&T’s network. T shares have traded in a 52-week range of $27.20 to $31.94. Volume today was 12,901,595 shares versus a 3-month average volume of 30,416,000 shares. The company’s trailing P/E is 14.62, while trailing earnings are $1.97 per share.

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Intel Corporation (NASDAQ:INTC): Intel got good news today as Google (NASDAQ:GOOG) released a version of Android that supports the x86 chip architecture used for Intel’s PC CPUs (Androids have thus far relied on ARM-based (NASDAQ:ARMH) chips). So far, mobile device makers have been hesitant to support x86 chips, but  as 9to5 Google notes, the software remains a work-in-progress. INTC shares have traded in a 52-week range of $19.16 to $25.50. Volume today was 19,928,648 shares versus a 3-month average volume of 63,446,900 shares. The company’s trailing P/E is 10.61, while trailing earnings are $2.31 per share.

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Microsoft Corporation (NASDAQ:MSFT): Google Chrome (NASDAQ:GOOG) becomes the world’s #2 web browser a month earlier than anticipated, surpassing Mozilla’s Firefox, according to StatCounter. The firm estimates Chrome’s browser share climbed to 25.7% (up 1230 bps Y/Y), while Firefox’s fell to 25.2% (down 600 bps). Microsoft’s (NASDAQ:MSFT) Internet Explorer share rose slightly M/M to 40.6%, but fell 760 bps Y/Y. MSFT shares have traded in a 52-week range of $23.65 to $29.46. Volume today was 14,337,186 shares versus a 3-month average volume of 56,258,300 shares. The company’s trailing P/E is 9.19, while trailing earnings are $2.75 per share.

Bank of America Corporation (NYSE:BAC): The pressure piles up on already troubled stocks this month as individual investors can now sell investments held in taxable accounts in order to realize capital losses both long- and short-term, a KBW report states. BAC shares have traded in a 52-week range of $5.03 to $15.31. Volume today was 97,173,141 shares versus a 3-month average volume of 270,527,000 shares. The company’s trailing earnings are $-0.31 per share.

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Walt Disney (NYSE:DIS): Walt Disney is poised to provide a 50% increase in its dividend to shareholders. This is considered to reflect Disney’s confidence not only in the economy, but also in the U.S. economy overall. After all, Walt Disney is an entertainment stock, and is naturally susceptible to any downturn in the economy. DIS shares have traded in a 52-week range of $28.19 to $44.34. Volume today was 5,506,675 shares versus a 3-month average volume of 12,986,400 shares. The company’s trailing P/E is 14.31, while trailing earnings are $2.52 per share.

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Boeing (NYSE:BA) Boeing is about to enter a four year deal with its machinists labor union. This means the 737s on order will be made in Washington state, and the 787s will be built in South Carolina. BA shares have traded in a 52-week range of $56.01 to $80.65. Volume today was 6,566,398 shares versus a 3-month average volume of 5,821,900 shares. The company’s trailing P/E is 14.01, while trailing earnings are $5.05 per share.

Kraft Foods (NYSE:KFT): Gimme Credit has compiled a list of the ten company bonds that are predicted to lag the broader market in the months to come. Kraft is one of these corporate bonds, primarily because of uncertainty over its proposed split. KFT shares have traded in a 52-week range of $30.10 to $36.60. Volume today was 5,578,662 shares versus a 3-month average volume of 9,656,330 shares. The company’s trailing P/E is 19.95, while trailing earnings are $1.83 per share.

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