DJIA Weekly Stock Recap: Pfizer Pops, Intel Dampens Outlook

The Dow Jones Industrial Average (NYSEARCA:DIA) is down 2.9% this week to settle at 11,866. Here are the most active components this week and what moved shares.

Intel (NASDAQ:INTC) shortens Q4 guidance, foreseeing profits of $13.4B-$14B instead of the previously expected $14.2B-$15.2B. The company attributes the downturn to a shortage of hard disc drives that led to reduced inventories and microprocessor purchases across the PC supply chain. INTC shares have traded in a 52-week range of $19.16 to $25.78. Volume today was 71,819,781 shares versus a 3-month average volume of 63,453,800 shares. The company’s trailing P/E is 10.35, while trailing earnings are $2.31 per share.

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Bank of America (NYSE:BAC): The cost of insuring part of Bank of America’s debt with credit default trades has at times been more than that of Spring 2009. BAC shares have traded in a 52-week range of $5.03 to $15.31. Volume today was 132,712,753 shares versus a 3-month average volume of 272,885,000 shares. The company’s trailing earnings are $-0.31 per share.

Caterpillar (NYSE:CAT): According to the FT, the SEC has instructed at least 12 U.S.-listed companies, including American Express (NYSE:AXP) and Caterpillar, to reveal their dealings with Syria, Iran and other “state sponsors” of terror. Sanctions have caused sales to these nations to fall, but Sony (NYSE:SNE) and others have maintained the supply using middle-men. CAT shares have traded in a 52-week range of $67.54 to $116.55. Volume today was 3,832,546 shares versus a 3-month average volume of 10,045,800 shares. The company’s trailing P/E is 14.14, while trailing earnings are $6.54 per share.

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Boeing (NYSE:BA): Southwest Airlines (NYSE:LUV) has placed a nearly $19B order with Boeing to purchase 150 of its 737 MAX aircraft and 58 737s. This brings the airline’s total orders with Boeing to 350 for 2012 through 2022. The carrier is also the first customer to commit to an order for Boeing’s fuel-efficient 737s. BA shares have traded in a 52-week range of $56.01 to $80.65. Volume today was 2,562,704 shares versus a 3-month average volume of 5,962,360 shares. The company’s trailing P/E is 14.20, while trailing earnings are $5.05 per share.

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Pfizer (NYSE:PFE): Since the end of its patent protection on November 30, Pfizer’s Lipitor cholesterol pill has yielded nearly 15% of its market share. Yesterday the pharmaceutical manufacturer named CEO Ian Read as the new Chairman, succeeding George Lorch, who moves on to become Lead Independent Director. PFE shares have traded in a 52-week range of $16.63 to $21.45. Volume today was 25,587,616 shares versus a 3-month average volume of 46,799,900 shares. The company’s trailing P/E is 14.49, while trailing earnings are $1.44 per share.

Chevron (NYSE:CVX) and Exxon (NYSE:XOM): November saw an increase in crude production from Libya, Saudi Arabia, Angola, and Nigeria, which more than makes up for the diminished supply from Algeria, Venezuela, and the United Arab Emirates. XOM shares have traded in a 52-week range of $55.94 to $88.23. Volume today was 7,960,829 shares versus a 3-month average volume of 18,934,400 shares. The company’s trailing P/E is 9.85, while trailing earnings are $8.28 per share.

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GE (NYSE:GEholds its own after Credit Suisse ups estimates with remarks that although the company’s margins are down, energy revenue should return to growth in Q4. The firm raises its overall EPS estimates to $1.36 for 2011, $1.50 for 2012 and $1.71 for 2013. On another note, Sterne Agee thinks the company’s stock could be ready to bounce back given the beneficial results from the company’s recent restructuring.

GE shares have traded in a 52-week range of $14.02 to $21.65. Volume today was 46,531,969 shares versus a 3-month average volume of 69,162,400 shares. The company’s trailing P/E is 12.75, while trailing earnings are $1.31 per share.

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Pfizer (NYSE:PFE) and Merck (NYSE:MRK): Fitch is setting forth a negative 2012 outlook for pharmaceutical companies, saying the industry will take a hit from patent expirations, weak demand and government spending cuts. Fitch foresees the companies dealing with these problems by ramping up their M&A activity.

PFE shares have traded in a 52-week range of $16.63 to $21.45. Volume today was 38,142,090 shares versus a 3-month average volume of 47,380,900 shares. The company’s trailing P/E is 14.58, while trailing earnings are $1.44 per share.

MRK shares have traded in a 52-week range of $29.47 to $37.65. Volume today was 13,235,694 shares versus a 3-month average volume of 17,352,900 shares. The company’s trailing P/E is 26.13, while trailing earnings are $1.37 per share.

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Caterpillar (NYSE:CAT) sticks with its outlook for $58B in revenue in 2011 and maintains its current quarterly dividend rate of $0.46/share for shareholders. The company plans to release its 2012 outlook in the near future, to include a full-year of Bucyrus-related sales of about $5B. Shares may be down today due to a bleak warning on near-term production from Joy Global (NASDAQ:JOYG). CAT shares have traded in a 52-week range of $67.54 to $116.55. Volume today was 9,235,024 shares versus a 3-month average volume of 9,954,350 shares. The company’s trailing P/E is 13.31, while trailing earnings are $6.54 per share.

GE (NYSE:GE)holds its own after Credit Suisse ups estimates with remarks that although the company’s margins are down, energy revenue should return to growth in Q4. The firm raises its overall EPS estimates to $1.36 for 2011, $1.50 for 2012 and $1.71 for 2013. On another note, Sterne Agee thinks the company’s stock could be ready to bounce back given the beneficial results from the company’s recent restructuring. GE shares have traded in a 52-week range of $14.02 to $21.65. Volume today was 46,531,969 shares versus a 3-month average volume of 69,162,400 shares. The company’s trailing P/E is 12.75, while trailing earnings are $1.31 per share.

3M (NYSE:MMM): After reporting flaccid earnings and cuting its 2011 guidance in October, 3M is offering about 4,900 employees — or 15% of its workforce — a chance at an early retirement package. It is believed that about 1,000 employees will accept the offer, which is valid until Jan. 31. MMM shares have traded in a 52-week range of $68.63 to $98.19. Volume today was 1,999,150 shares versus a 3-month average volume of 5,028,890 shares. The company’s trailing P/E is 13.43, while trailing earnings are $5.88 per share.

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