The Zacks Analyst Blog Highlights: Apple, Intel, JPMorgan Chase, United Technologies And Home Depot
Zacks Investment Research | Nov 05, 2019 09:51PM ET
For Immediate Release
Chicago, IL – November 6, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Apple Inc. (NASDAQ:AAPL) , Intel Corp. (NASDAQ:INTC) , JPMorgan Chase & Co. (NYSE:JPM) , United Technologies Corp. (NYSE:UTX) and The Home Depot Inc. (NYSE:HD) .
Here are highlights from Tuesday’s Analyst Blog:
5 Stocks Driving 3 Major Indexes to Record Highs
Wall Street bulls are raging forward this year, breaking one record after another between Jul 15 and Nov 4. Last week, both the S&P 500 and the Nasdaq Composite broke their previous highs achieved in July. On Monday, the Dow joined the party.
Five stocks — Apple Inc., Intel Corp., JPMorgan Chase & Co., United Technologies Corp. and The Home Depot Inc. — which are common to all three indexes — surged during the Jul 15 to Nov 4 period. The positive development on U.S.-China partial trade deal, better-than-expected third-quarter 2019 earnings and future guidance, and finally strong jobs data for October and better-than-expected Q3 GDP acted as catalysts to the latest surge.
Major Indexes Record New Highs
On Nov 4, the Dow rallied 114.75 points or 0.4% to close at 27,462.11, surpassing its previous all-time closing high of 27,359.16 on Jul 15. Similarly, the S&P 500 gained 0.4% to achieve a new closing high of 3,078.27. Notably, the benchmark index set three all-time high records last week, exceeding its previous all-time high on Jul 26.
Meanwhile, the Nasdaq Composite advanced 0.6% on Nov 4 to finish at a fresh new high of 8,433.20. On Nov 1, the tech-laden index recorded an all-time high closing, breaking its previous record set on Jul 26.
Year to date, the Dow, the S&P 500 and the Nasdaq Composite have rallied 17.7%, 22.8% and 27.1%, respectively. At present, the Dow is marching forward to record its best yearly performance since 2017. The S&P 500 is moving toward posting its biggest yearly gain since 2013. The Nasdaq Composite is also on track to create a new record.
5 Stocks Lead Major Indexes to New Highs
Of course, several microeconomic, macroeconomic and geopolitical positive developments gave a boost to the indexes. In addition, the stock price movement of five corporate behemoths, which are common members of all three major stock indexes, acted as major driver of the indexes’ rally.
Prices of these stocks soared during the period of Jul 15 to Nov 4 and still have upside left. Each of these stocks carries either a Zacks Rank #2 (Buy) or 3 (Hold). You can seeOriginal post
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