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.

Dow Hits 14,000 and Keeps On Going: American International Group, Inc. (AIG) and More

Page 1 of 2

See what a nice three-day weekend can do for one’s well-being? After the President’s Day holiday, the Dow Jones Industrial Average is stretching its legs this morning. Hitting well above the 14,000 mark shortly after the opening bell, the index is hovering around a 45-point gain as of this writing. The index is getting closer to its 2007 record close of 14,163 — another benchmark for investors to watch in the coming days and weeks.

Investor confidence may be up following some news from Europe. The German economy is gaining steam, with the ZEW economic sentiment index reaching 48.2 in February, a 34-month high. European markets gained on the news, with indexes in Germany, France, and Britain up 1%.

Dow Jones Industrial Average 2 Minute (INDEXDJX:^DJI)We also have quite a lineup of company earnings releases today, which will fuel more trading during this short week. Scheduled to release earnings after the closing bell, Hewlett-Packard Company (NYSE:HPQ) is up 2% in trading this morning. The beleaguered tech company is reporting first-quarter earnings, and so far Wall Street isn’t expecting much. But investors may be banking on the company’s past earnings surprises — it beat analyst estimates in the past four quarters. So as bears sell off shares today, bulls may be scooping them up with expectations of a big earnings win. And that may not be so hard to do — analysts are expecting the PC maker to report huge drops in both revenue and earnings, with the latter expected to decline 22%.

Bank of America Corp (NYSE:BAC) is also leading the pack today in winning Dow components, up 1.7% so far today. The bank has been getting some good press so far in this short week of trading. After court documents were released last week, it’s been noted that the Federal Reserve put its weight behind B of A in the legal fight between the bank and insurance giant American International Group, Inc. (NYSE:AIG). Seeking $7 billion in damages, American International Group, Inc. (NYSE:AIG) is still trying to recover losses from mortgage-backed securities it insured that were not of the quality banks like BAC had represented them to be. Bank of America also got some good news when regional bank Arvest Bank received regulatory approval to purchase 29 of the big bank’s branches. The sale will move forward, with Arvest beginning its rebranding of the branches next month. The bank also recorded a mark in the win column for record growth of its commercial bank 401(k) business — it had a 28% increase from 2011.

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!