Wells Fargo and 2 Stocks Rocking in the S&P 500 Rally
The S&P 500 (NYSEARCA:SPY) is up today by 0.85% and stands at 1,300.05. Here are three better performing stocks.
Wells Fargo & Co. (NYSE:WFC) had a Q4 where nonperforming and foreclosed assets went down $26 billion. The company is also on track to complete Wachovia’s integration this quarter. WFC shares recently traded at $30.11, up $0.5, or 1.69%. They have traded in a 52-week range of $22.58 to $34.25. Volume today was 31,355,476 shares versus a 3-month average volume of 35,074,600 shares. The company’s trailing P/E is 11.15, while trailing earnings are $2.70 per share.
Symantec Corporation (NASDAQ:SYMC) is acquiring LiveOfiice, a provider of cloud-based services for enterprises, for $115 million. As Forrester’s Brian Hill notes, Live Office complements Symantec’s Enterprise Vault archiving software, along with the eDiscovery software it obtained through its 2011 acquisition of Clearwell Systems. SYMC shares recently traded at $16.35, up $0.47, or 2.96%. They have traded in a 52-week range of $15.36 to $20.50. Volume today was 3,070,035 shares versus a 3-month average volume of 7,194,790 shares. The company’s trailing P/E is 18.60, while trailing earnings are $0.88 per share.
Applied Materials, Inc. (NASDAQ:AMAT) leads semiconductor stocks (NYSE:SMH) higher after RBC Capital raises its rating and price target. RBC stated, “it is well–positioned to outperform semi cap stocks in 2012”. RBC added that AMAT is in a strong position in the face of a “challenging” business environment. AMAT shares recently traded at $11.82, up $0.32, or 2.78%. They have traded in a 52-week range of $9.70 to $16.93. Volume today was 12,957,915 shares versus a 3-month average volume of 15,184,300 shares. The company’s trailing P/E is 8.15, while trailing earnings are $1.45 per share.
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