These 3 DJIA Stocks are Avoiding the Sell Off
The Dow Jones Industrial Average (NYSEARCA:DIA) is down by 073.% and stands at 11,896. The following large stocks are among the positive performers today avoiding a sell off.
Home Depot (NYSE:HD): Barclays recently maintained its Overweight rating and raised the company’s price target from $38 to $41. Analysts believed the company’s strong second quarter performance carried over to the third quarter with emergency response product sales, its Rapid Deployment Centers enhancement of the supply chain and HD’s buyback program added to the company’s strength. The company will report third quarter earnings on Nov. 15. The shares recently traded at $37.04, up $0.65, or 1.79%. They have traded in a 52-week range of $28.13 to $39.38. Volume today was 5,576,421 shares versus a 3-month average volume of 14,625,900 shares. The company’s trailing P/E is 16.68, while trailing earnings are $2.22 per share.
Hewlett-Packard Company (NYSE:HPQ): New president and CEO Meg Whitman made her first stamp on senior management by hiring a Boeing (NYSE:BA) veteran to oversee IT and admin services. The shares recently traded at $27.01, up $0.04, or 0.15%. They have traded in a 52-week range of $21.50 to $49.39. Volume today was 7,565,331 shares versus a 3-month average volume of 29,023,800 shares. The company’s trailing P/E is 6.34, while trailing earnings are $4.26 per share.
Intel Corporation (NASDAQ:INTC): Analysts downgraded Intel’s stock to Market Perform from Outperform last week after Hewlett Packard Co. (NYSE:HPQ) said it will build servers using ARM Holdings‘ chips (NASDAQ:ARMH) rather than using Intel products. The shares recently traded at $23.74,. They have traded in a 52-week range of $19.16 to $25.20. Volume today was 22,000,768 shares versus a 3-month average volume of 67,694,200 shares. The company’s trailing P/E is 10.28, while trailing earnings are $2.31 per share.