Posts Tagged ‘new 52 week highs’

Some big names hit new 52 week highs today: F, MSFT, AUY

Posted by Michael on November 18th, 2009

tradersAll of the major indexes closed today’s session in the red, but that was not enough to keep some big name stocks from hitting new highs in today’s trading action.

Ford Motor (NYSE: F) hit a new 52 week high today of 9.14 before afternoon profit taking came in and pushed shares lower. The stock has been very strong lately, and recently was considered to be the stock of the year from the writers of CrossingWallStreet. Shares finished the day down slightly at $8.94, down 0.45%.

Technology giant Microsoft (NASDAQ: MSFT) also rose to a new 52 week high today. Shares of the company hit a day today of $30.14. Shares of MSFT finished today trading session up 0.4% to $30.11, just three pennies off its new 52 week high.

Gold prices continue to rise, and Yamaha Gold (NYSE: AUY) has been benefiting from the recent gold rush, setting a new 52 week high earlier in the session at 13.49. After hitting another new high today, the profit takers came in and sold the stock off a bit, which ended the day slightly lower at $13.15, down 0.23%. Gold prices rose as high as 1146.5 but closed down 70 cents to 1,140.5.

What are your favorite stocks right now? Which stocks do you see rising to new highs in the near future?

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Some big names set new highs today (AMZN, RSH, MS, TJX)

Posted by Michael on October 26th, 2009

tradersThe market ended the day in the red, but several companies went against the trend and rose to new 52 week highs today.

Amazon (NASDAQ: AMZN) rose to a new 52 week high today of $125.68 and ended the session up 5.2% to 124.6399. The company is still riding high on last week’s solid earnings report. The company was expected to show earnings of 33 cents per share, but came in with a reported 45 cents.

RadioShack (NYSE: RSH) soared after posting strong third quarter earnings this morning. The stock finished the day up 15.9% on solid third quarter earnings, during which it earned 30 cents per share.

Morgan Stanley (NYSE: MS) ended the day in the red, but traded up to a new 52 week high earlier in the session of $35.78. The stock closed the day down 0.5% at $34.80.

TJX Companies (NYSE: TJX) started the week off strong, rising to a new 52 week high today of $40.64. The stock is moving higher following a report from Barron’s last week which estimated the stock could easily see another 15% price jump.

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General Electric and Bank of America pull down the market

Posted by Michael on October 16th, 2009

bearThe market closed in the red today, as poor earnings from General Electric (NYSE: GE) and Bank of America (NYSE: BAC) brought out the bears.

The DOW closed the session down 0.67%, the NASDAQ ended the day down 0.76%, while the S&P slipped by 0.8%.

General Electric started off the day off on a bad note when the company reported revenues that came up short of analyst estimates. GE was able to outpace analyst estimates for its earnings in the third quarter by posting 23 cents per share verse analyst estimates of 20 cents per share, but that was not enough to outweigh its missed revenues. The company reported $37.8 billion in revenues verse analyst estimates for $40.3 billion. Shares of GE closed the day down 4.2% to $16.08, down $0.71 on the day and wiping out $7.5 billion in market capitalization.

Bank of America was expected to show a loss for its third quarter of 21 cents per share, but the actual numbers came in worse than expected with a 26 cent loss in the quarter. The stock was hit hard today following the report, with shares falling 4.6% to $17.26, down $0.84 on the day.

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New 52 Week Highs:

There were several big name stocks that were able to set new 52 week highs today, despite the down market and include the following; Pfizer (NYSE: PFE), Halliburton (NYSE: HAL), Hewlett-Packard (NYSE: HPQ), and Mattel (NYSE: MAT).

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Analyst upgrades and downgrades:

Stocks upgraded today include:

  • Gap Inc. (NYSE: GPS) upgraded by Caris to Buy from Above Average with $27 price target
  • Safeway (NYSE: SWY) upgraded by Kevin Dann to Buy from Neutral and boosted its price target on the stock to $27 from $19 per share.
  • Google (NASDAQ: GOOG) received an upgrade today by Benchmark Co. to a Buy from Hold, while lifting its price target on the stock to $625 from $500.

Stocks downgraded today include:

  • Netflix (NASDAQ: NFLX) downgraded by Caris to Above Average from Buy with a $56 price target on the stock.
  • Nokia (NYSE: NOK) downgraded by Gabelli to Hold from Buy.

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DOW closes over 10,000, some big names hit new highs: INTC, JPM, EMC

Posted by Michael on October 14th, 2009

bull.jpgThe DOW closed above the psychological 10,000 mark today for the first time in a year, and ended the day up 1.47% to 10,115.86.

The first time that the DOW rose above the 10,000 mark was all the way back in 1999, and at that time investors celebrated, and drank champagne, but this time it was not so much a reason to celebrate as a reason to relax a bit, as Wall Street continues to claw its way back from the lows set in March of this year.

It has been an impressive run for the DOW, which is now up 53% from the lows it set earlier this year. The market had a good day on the back of strong earnings from Intel Corp. (NYSE: INTC) and JP Morgan (NYSE: JPM).

A few stocks that hit new 52 week highs today include:

  • Intel Corp (NYSE: INTC): The company hit a high of $21.27 and closed the day up 1.6% at $20.83. The company reported 33 cents per share, which was higher than the 28 cents that analysts had been expecting to see.
  • JP Morgan (NYSE: JPM): JP Morgan hit a high of $47.47 on the day, and closed the session up 3.3% to $47.16, up $1.50. The company reported earnings of 82 cents per share for its third quarter, above analyst estimates for 52 cents a share.
  • EMC Corp. (NYSE: EMC): EMC set a new 52 week high today after the stock was upgraded this morning by Thomas Weisel to Overweight from Market Weight, and the broker raised its price target on the stock to $24 from $15. The stock hit a new high of $18.33 and closed today’s trading up 1.3% to $18.16, up $0.24.

Other big names hitting new highs today were Cisco Systems (NASDAQ: CSCO), Wyeth (NYSE: WYE), Merck (NYSE: MRK), and Goldman Sachs (NYSE: GS).

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Wall Street has best week in 2 months

Posted by Michael on October 9th, 2009

wall-streetThe DOW closed at its highest in a year, as the market had its best week in the past 2 months, and snapping a two week losing streak.

For the week, the DOW was up 4%, with the Nasdaq and S&P both up an impressive 4.5%.

We got a couple pieces of good news today. The Commerce Department noted that the trade deficit fell by 3.6%, and we also got news that first time jobless claims fell last week to their lowest levels since January.

Major stocks hitting new 52 week highs were: Cisco Systems (CSCO), International Business Machines (IBM), Brocade (BRCD), Target (TGT), Schering Plough (SGP) and Pier One (PIR).

Today also marks the two year anniversary of the DOW’s all-time closing high of 14,165 on Oct. 9, 2007.

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