By
Taylor Muckerman
|
More Articles
October 10, 2012
|
Just hours before it announced Q3 earnings, Alcoa (NYSE: AA ) was one of the few Dow Jones Industrials (INDEX: ^DJI ) stocks providing investors with some appreciation today. While most analysts are predicting a flat quarter, with only about $0.01 a share being generated in earnings, the stock ended with a small increase today. Because the estimates are so low, it could be that analysts are optimistic about an earnings surprise to the good side.
The top five on the Dow today were represented by some fairly defensive names in energy (ExxonMobil (NYSE: XOM ) and Chevron (NYSE: CVX ) ), aerospace and defense (Boeing (NYSE: BA ) ), and consumer staples (Coca-Cola (NYSE: KO ) and McDonald's (NYSE: MCD ) ). Apprehension in the market after the IMF released reduced expectations for global growth this year and next probably has investors feeling a bit more cautious heading into earnings season, so the fact that these stocks are seeing more demand is reasonable.
Keep an eye out for more defensive activity if earnings disappoint early.
To take a deeper dive into Bank of America, have a look at our report that goes through key opportunities and risks facing the company. Click here for more information.
More Expert Advice from The Motley Fool
There is absolutely no question that Coca-Cola has been great to long-term shareholders, but the company faces some
new threats to its continued market dominance. We've recently compiled a premium research report containing everything you need to know about Coca-Cola. If you own or are considering owning shares in the company, youll want to
click here now and get started!
RSS Headlines
Fool UK