DJIA Winners: Home Depot and 2 Stocks Riding Positive Economic Data
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 0.78% and stands at 12,578. The large stocks below are among the positive performers today.
DuPont (NYSE:DD): A shortage of corn seed could hamper the 2012 planting season and affect the stock price throughout the year. Analysts are in two camps: they either think the company has huge upside potential, or they think the valuation of the stock is too steep, especially because the company is a cyclical stock, and subject to broader economic changes. DD shares recently traded at $49.45, up $0.91, or 1.87%. They have traded in a 52-week range of $37.10 to $57.00. Volume today was 6,847,767 shares versus a 3-month average volume of 7,171,330 shares. The company’s trailing P/E is 13.43, while trailing earnings are $3.68 per share.
Alcoa, Inc. (NYSE:AA) : Investor Place named Alcoa one of the “top 10 stocks to buy and hold for all in the year 2012”. Their take on AA: “a slower global economy has hurt aluminium demand in industries ranging from construction to durable goods to automobiles, but AA is streamlined and prepared to profit in this environment.” Since Alcoa took such a beating last year, Alcoa should in theory be a good performer. AA shares recently traded at $10.02, up $0.26, or 2.66%. They have traded in a 52-week range of $8.45 to $18.47. Volume today was 25,488,744 shares versus a 3-month average volume of 31,676,600 shares. The company’s trailing P/E is 10.51, while trailing earnings are $0.95 per share.
Home Depot, Inc. (NYSE:HD): Belief that the housing market has turned the corner has building stocks of all kinds doing better. Home builder confidence was better than expected today. HD shares recently traded at $44.88, up $1.14, or 2.61%. They have traded in a 52-week range of $28.13 to $43.96. Volume today was 13,134,259 shares versus a 3-month average volume of 10,723,700 shares. The company’s trailing P/E is 19.34, while trailing earnings are $2.32 per share.