Its a scorcher here on Wall Street today, with temperatures expected to breach 100 degrees Fahrenheit, and these four companies are bringing some of that heat to the market.
1) Home Depot (NYSE:HD): The home improvement retailer has shares outperforming the market by just a pinch, trading up 1.03% at last price check. Depot is gaining momentum after shares fell by 2/3 of a percentage point yesterday, as China Analyst names it one of the top 10 fastest growth stocks in the DJIA. Shares continue to see an upswing despite a report today that the company is being sued by several California counties over selling paints and coatings that breach limits imposed by state air-quality regulations. Competitors to Watch: Lowe’s Companies, Inc. (NYSE:LOW), Builders FirstSource, Inc. (NASDAQ:BLDR), Lumber Liquidators Hldgs., Inc. (NYSE:LL), Tractor Supply Company (NASDAQ:TSCO), Hornbach-Baumarkt-AG (NYSE:HBM), PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL), D.R. Horton (NYSE:DHI), KB Home (NYSE:KBH), Lennar Corp (NYSE:LEN), Beazer Homes (NYSE:BZH), Sherwin-Williams (NYSE:SHW), Sears Holdings (NASDAQ:SHLD), Target (NYSE:TGT) and Wal-Mart (NYSE:WMT).
2) DuPont (NYSE:DD): Shares of the maker of products and services for agriculture and food, building and construction, and electronics and communications markets are up nearly 2% today on some good news for the company. The Delaware based firm will reportedly partner up with PetroRabigh, a Saudi oil producer, to help implement higher safety and quality standards. In other news DuPont protection technologies, a branch of the company, has announced that it will sponsor a new awards series to reward, “excellence in innovation, protection and collaboration.” Competitors to Watch: The Dow Chemical Company (NYSE:DOW), FMC Corporation (NYSE:FMC), Monsanto Company (NYSE:MON), 3M Company (NYSE:MMM), Syngenta (NYSE:SYT), PPG Industries (NYSE:PPG), PolyOne Corporation (NYSE:POL), Rockwood Holdings (NYSE:ROC) and Ashland Inc. (NYSE:ASH).
3) Merck (NYSE:MRK): The global health care company and pharmaceutical vendor and developer has seen shares go up by 1.56% in trading today. The company continues to attract new investors as an affordable buy at $36.35 per share with a high yielding dividend of 4.27%. Competitors to Watch: Johnson & Johnson (NYSE:JNJ), Pfizer Inc. (NYSE:PFE), Bristol Myers Squibb Co. (NYSE:BMY), GlaxoSmithKline plc (NYSE:GSK), Sanofi-Aventis SA (NYSE:SNY), Insmed (NASDAQ:INSM), Eli Lilly & Co. (NYSE:LLY), Abbott Laboratories (NYSE:ABT), Johnson & Johnson (NYSE:JNJ), Forest Labs (NYSE:FRX), Teva Pharmaceutical Industries Ltd (NASDAQ:TEVA), and Novartis AG (NYSE:NVS).
4) Coca-Cola (NYSE:KO): Makers of the world’s most popular soft drink and a slew of other sugary and diet yet caffeinated beverages have seen its shares outpacing the market slightly, up 1.09% in trading so far toady. Coke shares are making a strong rebound from March this year when they hit a six month low at $61.60. At $66.12 today Coke is trading near its 52 week high of $68.02. Competitors to Watch: PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), Hansen Natural Corporation (NASDAQ:HANS), Coca-Cola Enterprises Inc. (NYSE:CCE), Heckmann Corporation (NYSE:HEK), National Beverage Corp. (NASDAQ:FIZZ), Jones Soda Co. (NASDAQ:JSDA), Celsius Holdings, Inc. (NASDAQ:CELH), and Cott Corporation (NYSE:COT).