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.

The Winners Carrying the Dow Back Toward 14,000: American Express Company (AXP) and More

Page 1 of 2

The blue chip index fell for the second day in a row on glum economic information, but the Dow Jones Industrial Average is making a comeback after falling 47 points yesterday. Now 2% away from its record high, the index is still in reach of that top mark. With no economic data releases today and scant corporate earnings to be reported, there are four big winners helping the Dow reclaim its hard-earned gains.

American Express Company (NYSE:AXP)Earnings winner
Hewlett-Packard Company
(NYSE:HPQ) released earnings yesterday after the closing bell. With the news that the tech manufacturer beat analyst estimates across the board, shares jumped 5% in pre-market trading this morning. Though revenue and earnings were down 6% and 16%, respectively, the company beat its own forecasts and analyst estimates by a solid amount, with earnings of $0.82 per share topping the expected $0.71. The company did make strides in the fourth quarter by strengthening its balance sheet through $2.6 billion in cash generation and $1 billion in debt payoffs. The company is still on a downward slide, but CEO Meg Whitman put all rumors of a breakup to rest on the company’s conference call. HP’s stock has dropped by 66% over the past three years, so a boost from this earnings report will be a welcomed event from its investors.

Dividend winner
The Coca-Cola Company
(NYSE:KO) is up this morning after announcing a 10% boost for its dividend. The new $0.28-per-share dividend is a welcome increase for investors, and is the 51st increase in a row for the beverage juggernaut. Though the company had some disappointing earnings news, it is still seeing some improvement in U.S. markets. In other news, two veteran board members will be retiring in April. Don Keough (86) is a longtime Coke director,having joined the company in 1960. He eventually became the company’s COO and joined the board for two separate stints. Director Jimmy Williams (79) is also a longtime board member and former SunTrust Banks, Inc. (NYSE:STI) CEO.

Progress winner
The Boeing Company
(NYSE:BA) is continuing its ascent on the news that it may have a permanent fix for its 787 Dreamliner’s battery malfunction, despite news that United Continental Holdings Inc (NYSE:UAL)s United Airlines will be removing the Dreamliner from its fleet through June 5. The proposed fix has been sent to the FAA for approval, and lead representatives from Boeing will be meeting with officials today. Once the FAA approves any fix for the battery problems, the public will be more willing to accept the fix and have greater confidence in flying in the Dreamliner. This would benefit both Boeing and the airlines. Elsewhere, Japanese investigators have found additional fixes for other problems with the Dreamliner jet, from fuel leaks to cracks in the cockpit glass. None of the issues are as severe as the battery problems Boeing has been working on since the 787 fleet was grounded last month.

Page 1 of 2

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)

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!