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 Keeps It a Perfect March: Merck & Co., Inc. (MRK), The Boeing Company (BA), Ryanair Holdings plc (ADR) (RYAAY)

Well, the streak almost came to an end, but the Dow Jones Industrial Average 2 Minute (Dow Jones Indices:.DJI) eked out another win today, its eighth in a row. On a day when both the S&P 500 (S&P Indices:.INX) and the Nasdaq fell about 0.3%, the blue chips finished up 3 points or 0.02%.

With no major economic reports out today, investors seemed relatively agnostic, and it looks as if the rally we’ve seen over the past two weeks is finally running its course. Tomorrow’s retail sales report could help determine whether the Dow can go even higher in the short term.

Merck & Co., Inc.Merck & Co., Inc. (NYSE:MRK) was the big winner on the Dow today, jumping 3.2%, after an independent safety panel cleared the way for it to continue trials of its cholesterol drug Vytorin. Concerns about Vytorin had suppressed Merck & Co., Inc. (NYSE:MRK)’s share price in the past, and a negative ruling by the board would have been devastating. Vytorin and Zetia, another cholesterol, make up to 10% of the drug giant’s revenue.

The Boeing Company (NYSE:BA) shares jumped to a five-year high today, climbing 1.5% after winning a $15 billion contract from Ryanair Holdings plc (ADR) (NASDAQ:RYAAY). The discount airline and a favorite of European bargain-seekers put in order for 170 737 jets — the most common jet in the world, but one that’s being phased in favor of a higher-tech version. That value constitutes 18% of The Boeing Company (NYSE:BA)’s total 2012 revenue. At a time when the aircraft maker is struggling to fix the battery-fire problem with its 787 Dreamliners, the order is a reminder that The Boeing Company (NYSE:BA) is strong enough to overcome what should be a temporary hiccup.

Outside the Dow, J.C. Penney Company, Inc. (NYSE:JCP) shares were up 4% on rumors that CEO Ron Johnson will be resigning. The department-store chain denied the reports, but the market’s reaction goes to show how much things have changed for Johnson, who was hailed as the company’s savior when he arrived on the job a little more than a year ago. Since then, the stock has dropped by more than 50%, and the company has been bleeding revenue. In the wake of today’s murmurs, some analysts stood by Johnson, saying that little would change with his ouster, and that the company’s rebranding initiative is still being rolled out.

The article Dow Keeps It a Perfect March originally appeared on Fool.com and is written by Jeremy Bowman.

Fool contributor Jeremy Bowman and The Motley Fool have no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

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

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!