IBM and 2 DJIA Stocks Bucking the Sell Off

The Dow Jones Industrial Average (NYSEARCA:DIA) is down today by a mere 0.12% and stands at 12,139. The large stocks below are among the positive performers today.

The Boeing Company (NYSE:BA): Boeing’s stock is up after landing numerous contracts with Middle Eastern buyers of their planes. boeing projects that airlines in the Middle East will need no less than 2,500 new planes by 2030, which will be worth $450 billion in potential business. Boeing is up 2.32%. The shares recently traded at $68.65, up $1.73, or 2.59%. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 2,970,776 shares versus a 3-month average volume of 6,064,120 shares. The company’s trailing P/E is 13.58, while trailing earnings are $5.05 per share.

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International Business Machines (NYSE:IBM): Warren Buffett went on CNBC today and claimed that Berkshire Hathaway is a 5.5% owner of Big Blue. This turned out to be news to many of IBM’s executives. Most of the shares were purchased during the 3rd quarter, and on that basis Buffett’s purchase of stock has already been profitable. IBM is up 0.79%. The shares recently traded at $188.95, up $1.57, or 0.84%. They have traded in a 52-week range of $141.18 to $190.53. Volume today was 2,865,075 shares versus a 3-month average volume of 6,521,600 shares. The company’s trailing P/E is 14.89, while trailing earnings are $12.69 per share.

Home Depot (NYSE:HD): Scott Ciccarelli of RBC Capital believes Home Depot will outperform Lowe’s in the coming year, as Home Depot has already undergone the process of cutting costs by outsourcing and closing less profitable locations. Home Depot’s earnings report comes out tomorrow. The stock is up 1.18%. The shares recently traded at $38.51, up $0.45, or 1.18%. They have traded in a 52-week range of $26.62 to $39.38. Volume today was 5,401,860 shares versus a 3-month average volume of 9,649,150 shares. The company’s trailing P/E is 17.35, while trailing earnings are $2.22 per share.

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