DJIA Winners: Walmart and 2 Stocks Up Over 2%
The Dow Jones Industrial Average (NYSEARCA:DIA) is up 0.84% and stands at 12,170. Here are three well-performing stocks from today.
Wal-Mart Stories Inc. (NYSE:WMT): Walmart is benefiting from unhappy big bank customers, becoming a force for both the unbanked and those who are currently “unhappily banked,” according to The New York Times. The large retailer’s customers can “cash work and government checks, pay bills, wire money overseas and load money on to a prepaid debit card.”
For Wal-Marts without dedicated Money Centers, customers can conduct their financial services needs at either a customer service desk or kiosks. The shares recently traded at $59.32, up $1.38, or 2.38%. They have traded in a 52-week range of $48.31 to $59.40. Volume today was 20,094,932 shares versus a 3-month average volume of 14,096,500 shares. The company’s trailing P/E is 12.63, while trailing earnings are $4.70 per share.
3M Company (NYSE:MMM): 3M missed it third quarter earnings and analysts wanted to connect it to the current economy; however, the company’s problems appear to be its own. While 3M’s industrial and transport business had a 8.3 percent core growth, analysts noted that “This is the business that matches up more closely with industrial peers.” The shares recently traded at $81.83, up $2.14, or 2.69%. They have traded in a 52-week range of $68.63 to $98.19. Volume today was 4,227,480 shares versus a 3-month average volume of 5,630,900 shares. The company’s trailing P/E is 13.92, while trailing earnings are $5.88 per share.
JPMorgan & Chase (NYSE:JPM): JPMorgan is among a group of banks that may face an additional surcharge as protection should a failure occur and affect the global economy. The surcharge could be 2.5 percent while other banks may pay 2 percent. The shares recently traded at $35.02, up $0.78, or 2.28%. They have traded in a 52-week range of $27.85 to $48.36. Volume today was 30,184,306 shares versus a 3-month average volume of 49,692,300 shares. The company’s trailing P/E is 7.46, while trailing earnings are $4.69 per share.