Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

1 Sector Standing Firm as the Dow Struggles: JPMorgan Chase & Co. (JPM), Travelers Companies Inc (TRV), Bank of America Corp (BAC)

Page 1 of 2

The Dow Jones Industrial Average is on the verge of its hottest winning streak in years. If the index can maintain its climb and finish the session above yesterday’s closing level, it will record nine straight trading days of gains (which also happen to be all-time highs). This morning the blue-chip index dropped more than 30 points, but it has since been crawling back toward breakeven. As of 11:55 a.m. EDT, it’s down 15 points, or 0.11%.

The markets were bolstered this morning by news that February retail sales jumped 1.1%, much higher than the 0.5% gain economists had expected. February’s rise is the largest our economy has seen since September and follows a disappointing 0.2% gain in January. Many analysts believe retail sales have improved because the higher payroll tax, which burdened the January sales figures, is now better accommodated by a stronger job market and higher household income.

JPMorgan Chase & Co (NYSE:JPM)Winning in a sea of losers
Only 12 of the Dow’s 30 component stocks are in positive territory so far in trading. And though none of the gainers are making any big moves, there is one sector that is clearly standing firm as others fall: financials.

Travelers Companies Inc (NYSE:TRV) is among the leading Dow stocks, up 0.37%. The insurance company has been a favorite on the Street for quite a while and continues to rise during 2013. The stock began trading ex-dividend a week ago, and since then there haven’t been any notable events or headlines to keep it headed north — just continued investor confidence.

JPMorgan Chase & Co. (NYSE:JPM) sits just above breakeven. While investors wait for tomorrow’s release of the Fed’s CCAR results, most banks wait on pins and needles to see how the market will react. Though JPMorgan went into this year’s Fed stress tests with a higher Tier 1 capital ratio, the stress scenarios reduced it to match the prior year’s results, sending mixed signals to investors. Unlike Citigroup Inc. (NYSE:C) , which rose 3% following its stress test results last week, JPMorgan Chase & Co. (NYSE:JPM) hasn’t fared so well, but if this year does match last, tomorrow’s results may catapult its stock higher. In 2012, the bank announced that it would raise its dividend and initiate a $15 billion buyback program — something 2013 investors would be keen to see again.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!