Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Hewlett-Packard Leads Dow Higher

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Stocks ended with modest gains today, adding ground for the third straight week. Federal Reserve Chairman Ben Bernanke somewhat soothed the markets when he spoke today by failing to hint at any future slowdown in bond purchases. Markets breathed a sigh of relief; yesterday a different Fed official indicated he'd like to slow down the buying. The Dow Jones Industrial Average (DJINDICES: ^DJI  ) added 35 points, or about 0.2%, to close at 15,118. 

Hewlett-Packard (NYSE: HPQ  ) shares rallied with the wider market, adding 1.7%. Despite a declining market for PCs, the company has shown some signs of progress as CEO Meg Whitman attempts to turn things around. Activist investor Carl Icahn, who's still trying aggressively to buy Dell, said today that a merger with HP might make sense down the line, which could strengthen both companies.

Another stock on a recent tear is UnitedHealth Group (NYSE: UNH  ) , which rose 1.5% Friday to log nearly 7% gains on the week. On Wednesday, the White House released a trove of data detailing discrepancies in the prices of medical procedures at more than 3,000 hospitals across the country. The release pleased investors, driving the stock higher on hopes that it portends lower payouts down the line.

The third-largest blue-chip gainer, Cisco Systems (NASDAQ: CSCO  ) tacked on 1.3% today. There wasn't much behind the gains other than some antsiness before quarterly earnings come out on Wednesday. From a valuation perspective, you can understand the bullishness: Not only does the stock trade at just 10 times forward earnings, but it pays a hefty 3.3% annual dividend as well.

Lastly, Caterpillar (NYSE: CAT  ) stock was one of just seven decliners in the index, losing 1.5% today. Nearly 5% of Caterpillar's float is being sold short, making it the second most loathed stock in the Dow. Talks between Caterpillar and the United Steelworkers Union broke off late yesterday, showing the extent of the differences between the two sides as the 800 workers try to negotiate new contracts.

The massive wave of mobile computing has done much to unseat the major players in the PC market, including venerable technology names like Hewlett-Packard. However, HP's rapidly shifting its strategy under the new leadership of CEO Meg Whitman. But does this make HP one of the least-appreciated turnaround stories on the market, or is this a minor blip on its road to irrelevance? The Motley Fool's technology analyst details exactly what investors need to know about HP in our new premium research report. Just click here now to get your copy today.

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.

Compare Brokers

Fool Disclosure

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: 2424722, ~/Articles/ArticleHandler.aspx, 9/28/2016 3:19:19 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...

Today's Market

updated 6 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:45 PM
^DJI $18228.30 Up +133.47 +0.74%
CAT $82.88 Up +0.51 +0.62%
Caterpillar CAPS Rating: ***
CSCO $31.48 Up +0.41 +1.32%
Cisco Systems CAPS Rating: ****
HPQ $15.34 Up +0.32 +2.13%
HP CAPS Rating: ***
UNH $140.79 Up +1.07 +0.77%
UnitedHealth Group CAPS Rating: ****