3 Stocks Leading the Dow This Week

It was a fairly quiet week for most of the market. Stocks traded in a narrow range, as earnings and economic data neither excited investors or sent them running. The Dow Jones Industrial Average (DJINDICES: ^DJI  ) was down just 0.08% for the week, and the S&P 500 (SNPINDEX: ^GSPC  ) was up 0.12%. But there were three big movers on the Dow.

Alcoa (NYSE: AA  ) led the Dow by gaining 4.3% this week. The company jumped when Citic Group, a Chinese state-owned investor group, said it would invest $468 million in Alumina Ltd., whose main asset is World Alumina & Chemicals, a venture with Alcoa. The investment will be used to pay down debt and may allow the company to reinstate its suspended dividend.  

General Electric (NYSE: GE  ) was up 3.5%, mostly gained when it was announced that Comcast is buying the remaining stake of NBCUniversal earlier than expected. GE will walk away with $16.7 billion for selling the 49% of the media company it still owned and plans to focus its future on more industrial investment. This was part of a broad plan to rid GE of businesses that didn't fit well together, and this will allow GE to return $18 billion to investors this year.  

For GE, the recent financial crisis struck a blow, but management took advantage of the market's dip to make strategic bets in energy. If you're a GE investor, you need to understand how these bets could drive this company to become the world's infrastructure leader. At the same time, you need to be aware of the threats to GE's portfolio. To help, we're offering comprehensive coverage for investors in a premium report on General Electric, in which our industrials analyst breaks down GE's multiple businesses. You'll find reasons to buy or sell GE, and you'll receive continuing updates as major events unfold during the year. To get started, click here now.

Bank of America (NYSE: BAC  ) rounds out the list of big winners after gaining 2.3% for the week. The company jumped on Tuesday after Barclays announced a 1 billion pound loss and 3,700 job cuts over the next three years. The banking business is getting leaner, and that should mean more profits all around. A smaller Barclays investment banking unit, where most of the cuts will be made, also means more potential business for Bank of America going forward.

For GE, the recent financial crisis struck a blow, but management took advantage of the market's dip to make strategic bets in energy. If you're a GE investor, you need to understand how these bets could drive this company to become the world's infrastructure leader. At the same time, you need to be aware of the threats to GE's portfolio. To help, we're offering comprehensive coverage for investors in a premium report on General Electric, in which our industrials analyst breaks down GE's multiple businesses. You'll find reasons to buy or sell GE, and you'll receive continuing updates as major events unfold during the year. To get started, click here now.


Read/Post Comments (0) | Recommend This Article (6)

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: 2260220, ~/Articles/ArticleHandler.aspx, 10/31/2014 1:28:05 PM

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