Merck & Co., Inc. (MRK) the Sole Standout on a Flatlining Dow: General Electric Company (GE), Bank of America Corp (BAC)

Page 1 of 2

The Dow Jones Industrial Average is trading within a tight range today, and as of noon it sits less than four points above breakeven. If the index can maintain the positive momentum through the trading session, it will be on a nine-session winning streak, breaking yet another record set two years ago.

With the federal budget due this afternoon, that new record may be facing a large headwind. But many view the Dow’s journey north as unrealistic for our economic condition, so the budget may not affect investors’ enthusiasm the way it normally would.

With Dow components split between winners and losers, it’s anybody’s guess where the Dow will end the trading session.

Merck & Co., Inc.Losers dragging the index down
Bank of America Corp (NYSE:BAC) is the biggest loser so far today, down 1.3%. The bank has been reaping the benefits of its stress test results, but investors will be more interested in what the Fed has to announce this Thursday. In the second set of results — the banks’ ability to manage dividend increases and share buybacks — many investors are anxious to see whether BAC will finally be permitted to raise its penny-per-share dividend. While Bank of America Corp (NYSE:BAC)┬ápassed the first round, it has not received the full force of consumer confidence, as its compatriot Citigroup Inc. (NYSE:C) has. Citi was up 3% after the first round of results was announced, while B of A only got a 0.3% boost. We’ll see how both these banks fare at the end of the week.

General Electric Company (NYSE:GE) is down for a second day, having lost about 0.9% at midday. The company is facing criticism from various angles and was recently downgraded by Wall Street analysts. From 2011 to 2012, CEO Jeff Immelt’s pay was increased by 80%. Though the company just inked a deal with Health Trust to provide new health-care equipment, the massive raise in Immelt’s pay is raising eyebrows. GE is also looking at a potential expansion of its multiyear cleanup of contaminants in the Hudson River. It’s no wonder, with all of this news, that GE has become one of the most shorted stocks on the market.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!