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
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!