Merck and Two Dow 30 Stocks Up in a Down Market
The Dow Jones Industrial Average (NYSEARCA:DIA) is up today by 0.44% and stands at 12,364. The large stocks below are among the positive performers today.
Merck and Co. (NYSE:MRK): Merck is experiencing double-digit growth for Inverness, an HIV treatment for children and adolescents. Merck’s stock has moved upward almost 50% since its low last summer. The growth has been notable for its consistency as well. MRK shares recently traded at $38.88, up $0.54, or 1.41%. They have traded in a 52-week range of $29.47 to $38.56. Volume today was 9,582,723 shares versus a 3-month average volume of 16,662,000 shares. The company’s trailing P/E is 28.42, while trailing earnings are $1.37 per share.
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Kraft Foods (NYSE:KFT) Kraft will be providing flavors for Sodastream, which is Kraft’s first entrance into the carbonated beverage market. KFT shares recently traded at $37.84, up $0.45, or 1.2%. They have traded in a 52-week range of $30.21 to $38.05. Volume today was 3,690,208 shares versus a 3-month average volume of 8,295,770 shares. The company’s trailing P/E is 20.64, while trailing earnings are $1.83 per share.
Bank of America (NYSE:BAC): The LA Times recently ran a story that pointed out how Bank of America would cut off the lines of credit of small businesses, and demand that they repay their balances in full or be forced into repayment plans with far higher interest rates. Bank of America’s response was to include a statement with terms like “standard practices” and ‘annual renewal process.” This is not going to win any hearts or minds. BAC shares recently traded at $6.09, up $0.28, or 4.82%. They have traded in a 52-week range of $4.92 to $15.31. Volume today was 177,135,146 shares versus a 3-month average volume of 257,959,000 shares. The company’s trailing earnings are $-0.31 per share.
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