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.

JPMorgan Chase & Co (JPM), Intel Corporation (INTC), United Technologies Corporation (UTX): This Week’s Top Stocks

Depending on the hour you looked at headlines this week, there could have been a dozen drivers of the market. Syria is on traders’ minds, unemployment figures on Friday were uninspiring, and a plethora of acquisitions last weekend came with everything from cheers to boos from the market. Add it all up, and the Dow Jones Industrial Average (INDEXDJX:^DJI) was up 0.76% and the S&P 500 (INDEXSP:^GSPC) rose 1.36% for the week. Here are the three biggest movers on the market.

JPMorgan Chase & Co (NYSE:JPM)

JPMorgan Chase & Co (NYSE:JPM) rose 4% this week on the back of a continued rise in interest rates. When interest rates rise, it translates to the mortgage market, which is where JPMorgan Chase & Co (NYSE:JPM) still makes a lot of money. Rising mortgage rates and continued near zero short-term rates result in a widening interest rate spread for JPMorgan Chase & Co (NYSE:JPM) and other banks, which should also result in higher earnings. The downside is that mortgage volume may fall as rates rise, but there’s no indication that the market will fall apart altogether. It looks like megabanks are in for more earnings growth as interest rates rise.

Intel Corporation (NASDAQ:INTC) was up 3.2% this week after releasing a chip aimed for the microserver market. The chip giant has missed out on new markets like mobile and microservers because it has generally had chips that use more power than its competitors. The C2000 chip released on the new Silvermont architecture claims to run on as little as 6 watts of power. If Intel Corporation (NASDAQ:INTC) can continue to improve low-power products, there could be more wins in mobile, such as the Samsung Galaxy Tab 3, which it won earlier this year. Those kind of mobile wins are the big upside for  Intel Corporation (NASDAQ:INTC).

United Technologies Corporation (NYSE:UTX) rose 3.1% this week, driven by growing tensions toward Syria. Pratt & Whitney is the company’s second biggest division, and this is one of the few ways on the Dow Jones Industrial Average (INDEXDJX:^DJI) to play the defense business. The defense budget has been hammered in recent years as the federal government tries to cut spending, and a conflict like this could loosen those purse strings just a little.

The article This Week’s Top Stocks originally appeared on and is written by Travis Hoium.

Fool contributor Travis Hoium manages an account that owns shares of Intel. The Motley Fool recommends Intel. The Motley Fool owns shares of Intel and JPMorgan Chase.

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

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!