DJIA Weekly Stock Recap: General Electric and 4 Stocks Leading the Dow

The Dow Jones Industrial Average (NYSEARCA:DIA) closed the week up 1.37% to 12,184. These stocks were the biggest winners and losers during the week.

Bank of America (NYSE:BAC): Today is the day of financial stocks, while consumer staples are languishing. Bank of America was up nicely pre-market, and remains high for the day. Over the longer haul, Bank of America has sold a lot of its equity in order to stay afloat. BAC shares recently traded at $5.84, up $0.2, or 3.55%. They have traded in a 52-week range of $5.03 to $15.31. Volume today was 197,800,048 shares versus a 3-month average volume of 271,308,000 shares. The company’s trailing earnings are $-0.31 per share.

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JPMorgan and Chase (NYSE:JPM) JP Morgan’s stock price rises in the past week have been remarkably consistent. The stock is still well below its October levels.  JPM shares recently traded at $33.50, up $1.17, or 3.62%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 34,256,667 shares versus a 3-month average volume of 47,281,100 shares. The company’s trailing P/E is 7.14, while trailing earnings are $4.69 per share.

General Electric (NYSE:GE): Arne Alsin of Alsin Capital Management has provided some interesting food for thought about General Electric. “You simply can’t find a historical precedent to this situation…The factors that served to depress GE earnings to subnormal levels – such as the capital overhaul and business reconfiguration at GE Capital – are fading remarkably fast.” If true, this can only bode well for the beleaguered American economy. GE shares recently traded at $16.33, up $0.24, or 1.49%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 39,638,273 shares versus a 3-month average volume of 70,967,200 shares. The company’s trailing P/E is 12.49, while trailing earnings are $1.31 per share.

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Pfizer (NYSE:PFE): Pfizer is left in a difficult predicament as it is losing its exclusive rights to Lipitor, and cheaper generic versions are now being approved by the FDA. The company will have to cut its R&D and will be forced to adopt some radical adjustments. On a positive note, the tests for the new bladder medication Toviaz have gone well. PFE shares recently traded at $20.25, up $0.41, or 2.07%. They have traded in a 52-week range of $16.59 to $21.45. Volume today was 25,090,612 shares versus a 3-month average volume of 47,161,300 shares. The company’s trailing P/E is 14.06, while trailing earnings are $1.44 per share.

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3M (NYSE:MMM) The stock is up on positive news coming from an analyst meeting this morning. 3M is calling for EPS and revenues estimates in a range where the street consensus is at the lower end of 3M’s call. MMM shares recently traded at $82.19, up $1.26, or 1.56%. They have traded in a 52-week range of $68.63 to $98.19. Volume today was 3,200,345 shares versus a 3-month average volume of 5,173,590 shares. The company’s trailing P/E is 13.98, while trailing earnings are $5.88 per share.

General Electric (NYSE:GE): Sanford C. Bernstein has raised its expectations for General Electric to Outperform, and raised its price target from $19 to $21. In addition, Bernstein predicts that the Fed will allow GE Capital to offer a dividend once again in 2012. GE shares recently traded at $16.67, up $0.34, or 2.08%. They have traded in a 52-week range of $14.02 to $21.65. Volume today was 38,490,723 shares versus a 3-month average volume of 70,820,000 shares. The company’s trailing P/E is 12.75, while trailing earnings are $1.31 per share.

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