DJIA Winners: Why Home Depot, Coca-Cola, Hewlett Packard are Surging
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 0.68% and stands at 11,601. The large stocks below are among the positive performers today.
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 recently traded at $38.31, up $1.3, or 3.51%. They 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 recently traded at $66.12, up $1.42, or 2.19%. They 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 recently traded at $27.38, up $0.85, or 3.2%. They 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.