By
Dan Dzombak
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January 19, 2012
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The Dow Jones Industrial Average (INDEX: ^DJI ) is rallying for a third day in a row along with worldwide markets as jobless claims fell to their lowest level in four years and Bank of America (NYSE: BAC ) reported positive earnings. At 1:30 p.m. EST, the Dow was up 39 points to 12,617. The S&P 500 was up 7 points to 1,315.
After reporting positive earnings this morning, Bank of America is today's top Dow stock. The company is leading the pack, up 4.1% to $7.07. While the earnings weren't stupendous, they were enough to make Bank of America profitable over the past year.
Runner-up so far today is Cisco (Nasdaq: CSCO ) , up 2% to $19.93. The stock is responding to F5 Networks' (Nasdaq: FFIV ) strong earnings report this morning, which has pushed the stock up more than 13%. Investors in the networking company have been worried about low spending by telecoms and spending cuts by the government. A competitor beating earnings estimates is seen as a good sign for the industry.
The Dow is doing well today, but those stocks aren't the only good ones out there. For another smart stock idea, check out The Motley Fool's latest special report to discover our top stock pick for 2012. It's free, but it won't be available for long, so get your copy now.
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