3 Top Stocks on the Dow This Week

The Dow Jones Industrial Average's (DJINDICES: ^DJI  ) 10-day win streak was snapped on Friday, but the markets still had a decent week. The Dow was up 0.82% while the broader S&P 500 (SNPINDEX: ^GSPC  ) was up 0.61% for the week. Relatively strong employment data helped push stocks higher as the economic recovery kept moving along at its slow and steady pace.

Boeing (NYSE: BA  ) was the best stock on the Dow this week, climbing 6.4%. Late in the week, management said it may only be a few weeks before the entire fleet of 787 Dreamliners is allowed back in the air again. The company has a fix for the battery issues that caused fires on two of its jets, and it thinks the FAA will be able to approve the change after flight tests are complete. Despite the battery problems, Boeing has screamed past its 52-week high this week.

Hewlett-Packard (NYSE: HPQ  ) jumped 6.3% during the week, continuing its recovery. The company signed deals with AAA Northern California, the Nevada & Utah Insurance Exchange, and the European Union to supply servers and services. HP's business doesn't appear to be in as bad of shape as we once thought, and with shares trading at 6 times forward earnings, the stock still has upside potential.  

Bank of America (NYSE: BAC  ) rounds out the top three Dow stocks after gaining 4.1% this week. The giant bank passed its stress test, and the Fed approved its plan to buy back $5 billion of stock over the next year. Shares are still trading below book value, so shareholders are getting a good deal on the buyback, and it will help improve earnings per share going forward. Lower-than-expected unemployment claims also helped Bank of America move higher this week. The company's recovery is dependent on an improving economy and housing market, and there's been steady progress on that front all year.

Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.


Read/Post Comments (0) | Recommend This Article (4)

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: 2316774, ~/Articles/ArticleHandler.aspx, 9/23/2014 6:42:42 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