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.

Johnson & Johnson (JNJ), UnitedHealth Group Inc. (UNH) & More: Markets Manage to Post a Winning Session

Editor’s Note: This article was originally published yesterday, after market close.

Despite trading lower for most of the morning, the markets made an about-face around 2 p.m. ET, and the three major indexes all closed higher. The S&P 500 was the big winner of the day, after rising 9 points, or 0.63%, but the Nasdaq wasn’t far behind, as it increased 0.57% during the day. Lagging behind was the Dow Jones Industrial Average (INDEXDJX:.DJI), which posted a gain of 48 points, or 0.33%, and now sits at 14,613.

Johnson & Johnson (NYSE:JNJ)

The biggest Dow loser today was Johnson & Johnson (NYSE:JNJ), as shares were cut by 1.13%, the direct result of a JPMorgan Chase & Co. (NYSE:JPM) downgrade. The analyst did, however, raise the price target from $77 per share to $83, while currently shares trade at $81.11. So why the lower rating? Valuation. The stock is one of the top-performing Dow components in 2013, as shares have risen 15.71% year to date.

Another health care-related stock falling today was UnitedHealth Group Inc. (NYSE:UNH). After rising 8.5% this past week, and more than 5% the week before that, shares dropped 0.34% today. The decline is probably just a case of taking money off the table following the stock’s performance over the past two weeks. The stock still probably has some room to move higher, and it now seems Obamacare will help rather than hurt the company. In addition, shares seem rather cheap, as the stock’s current price-to-earnings ratio is only 11.72 and its future P/E is only 10.35.

Two technology stocks are also moved lower today, despite what would seem to be positive news for shareholders.

Hewlett-Packard Company (NYSE:HPQ) fell 0.18% today, even though the company launched a new line of servers this morning. Some industry experts are calling this HP’s biggest launch since 1989. The Hewlett-Packard Company (NYSE:HPQ) Moonshot 1500 System takes a very different approach to servers and has thus far received strong reviews.

Shares of Microsoft Corporation (NASDAQ:MSFT) lost 0.38% this afternoon, after the company announced that it was selling its IPTV unit to Ericsson. Microsoft Corporation (NASDAQ:MSFT)’s IPTV business makes software that allows phone companies to deliver a television signal over the Internet. The terms of the sale and price weren’t disclosed, but Ove Anebygd, Ericsson’s vice president and head of TV, said it was more than $100 million, but less than $234 million. Microsoft’s shareholders are used to seeing the company make big purchases, not big sales, so this may have come as a surprise to many.

The article Markets Manage to Post a Winning Session originally appeared on

Fool contributor Matt Thalman owns shares of Microsoft, JPMorgan Chase, and Johnson & Johnson. The Motley Fool recommends Johnson & Johnson and UnitedHealth Group and owns shares of Johnson & Johnson, JPMorgan Chase, and Microsoft. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513.

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

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.