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The 4 Stocks That Led the Market Comeback
April 14, 2014: Markets opened higher on Monday with shares moving up across the board in the morning. By afternoon buying enthusiasm had definitely cooled for some of the momentum stocks in biotech and technology. At the close of trading today the DJIA was up 0.80%, the S&P 500 was up 0.70%, and the Nasdaq Composite was up 0.46%.
DJIA heavyweight Visa Inc. (NYSE:V) traded at $200.40 today posting a rise of 1.91% shortly before today’s closing bell. The stock’s 52-week range is $161.27 to $235.50. Share volume was about 15% above the daily average of around 3.7 million shares traded. The card issuer got an upgrade this morning and the Census Bureau’s report on retail sales also figured into the stock’s rise.
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Intel Corp. (INTC) traded up 1.49% at $26.57 in a 52-week range of $21.36 to $27.12. Intel reports first-quarter results tomorrow, and it looks like investors expect some good news. Volume was about 30% lower than the daily average of around 33 million shares traded.
Cisco Systems Inc. (CSCO) was another good Dow performer today. This may have been a case of picking up some shares of a solid company at a good discount. The stock traded at $22.82, up 1.68% in a 52-week range of $19.98 to $26.49. Volume was nearly 20% below the daily average of around 45 million shares traded.
Another solid Nasdaq 100 performer today was Micron Technology Inc. (MU) which added 3.6% and traded at $21.85 in a 52-week range of $9.07 to $25.68. Volume was about equal to the daily average of around 32 million shares traded..
Of the Dow 30 stocks 26 closed higher today and just 4 closed lower.
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