Lowe’s and 2 S&P 500 Tech Stocks Up in a Down Market
The S&P 500 (NYSEARCA:SPY) is down today by 0.67% and stands at 1,255. Here are three well-performing stocks.
Salesforce.com (NYSE:CRM): Although UBS included Salesforce.com (NYSE:CRM) in its 15 top stocks that are shorted, Citigroup has upgraded the stock from Neutral to Buy. The new target price has moved up from $122 to $158, based on confidence that there will be stronger medium-term growth. CRM is up 3.47%. The shares recently traded at $133.12, up $3.25, or 2.5%. They have traded in a 52-week range of $109.21 to $160.12. Volume today was 1,944,758 shares versus a 3-month average volume of 3,042,620 shares. The company’s trailing P/E is 649.37, while trailing earnings are $0.21 per share.
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Lowe’s Companies (NYSE:LOW): The Q3 report came in this morning, and it was decent: an EPS of $0.35 beat the estimate by $0.02, and revenues of $11.8 billion were in-line. low’s is up 1.99%. The shares recently traded at $23.54, up $0.43, or 1.86%. They have traded in a 52-week range of $18.07 to $27.45. Volume today was 17,126,148 shares versus a 3-month average volume of 16,530,000 shares. The company’s trailing P/E is 16.15, while trailing earnings are $1.46 per share.
JDS Uniphase Corporation (NASDAQ:JDSU): JDS rose at a respectable clip at the beginning of trading today. The somewhat improved flooding situation in Thailand is helping in this regard. However, the company’s stock is down by more than half since it reached its yearly high in February. JDS Uniphase is up 1.45%. The shares recently traded at $11.88, up $0.13, or 1.11%. They have traded in a 52-week range of $8.59 to $29.12. Volume today was 2,337,694 shares versus a 3-month average volume of 8,590,740 shares. The company’s trailing P/E is 42.43, while trailing earnings are $0.28 per share.
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