The Dow's Top Stocks This Week

It was an eventful week on Wall Street, with speculation about the fiscal cliff dominating the headlines. There was a lot of hope that a deal would come together before "Plan B" failed Thursday night, but even after a rough day Friday, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) rose 0.4% for the week and the S&P 500 (SNPINDEX: ^GSPC  ) gained 1.2%.

Bank of America (NYSE: BAC  ) was the biggest winner of the week, jumping 6.7% on fiscal cliff hope. The first four days of the week, Bank of America led the market as investors bet on one of the most leveraged plays on an economic recovery. Averting the fiscal cliff will allow more time for Bank of America to bolster its balance sheet and make money on the mortgages that have been so problematic for the industry.

To learn more about the most-talked-about bank out there, check out our in-depth company report on Bank of America. The report details Bank of America's prospects, including three reasons to buy and three reasons to sell. Just click here to get access.

United Technologies (NYSE: UTX  ) rose 3.2% on the week. The company is a big defense contractor, so any reduction in defense cuts would help the company, but it would also benefit from continuing order momentum of Bombardier's C-Series jet. The company received another 12 orders of the $870 million plane this week, and United Technologies will supply composite material and the engine for the jet.  

Boeing (NYSE: BA  ) was up 2.9% this week, making it the third biggest gainer on the Dow this week. The company's weekly order report said 47 aircraft were ordered this week, and that doesn't include another 6-777s ordered by China Airlines on Friday.

The fiscal cliff will continue to dominate the markets over the next few weeks, so to keep you informed, we created a series of articles that cover everything you need to know. Find all of our coverage by clicking here.


Read/Post Comments (0) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2167206, ~/Articles/ArticleHandler.aspx, 11/26/2014 3:50:07 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement