These 3 Stocks Are Crushing the Dow Today

The Dow Jones Industrial Average (DJINDICES: ^DJI  ) was trading up early on Monday -- the index added more than 70 points as of 11:15 a.m. EST. But a few stocks were doing far better: Dow Jones component Verizon Communications (NYSE: VZ  ) was up better than 1%, while Apple (NASDAQ: AAPL  ) rallied nearly 3%. GSV Capital (NASDAQ: GSVC  ) was up almost 5%.

Inflation remains in check
Inflation in the U.S. remains tepid at best, according to an economic report released early Monday. The core personal consumption (PCE) price index showed an increase of 0.1%, in line with economists' 0.1% estimates. The PCE price index is designed to show the changes in the price of goods purchased by U.S. consumers, excluding money spent on food and energy.

A strongly higher number would've indicated inflation, and may have made it more likely that the Federal Reserve would reduce its stimulus measures in future quarters. But as long as inflation appears to be subdued, the Fed seems likely to continue supporting the economy. That sentiment may have been helping the Dow Jones move higher early on Monday.

Apple gains on China Mobile deal
Apple, meanwhile, was strongly outpacing the Dow. Last night, Apple finally announced its long-anticipated deal with China Mobile. Starting next month, the iPhone will be available to China Mobile's roughly 700 million subscribers. China Mobile is the largest carrier in the world, and with Apple's smartphones now available to the carrier's customers, Apple could sell millions more iPhones to Chinese consumers in the coming years.

In addition to the China Mobile deal, there were also reports of a forthcoming large-screen iPhone, and a leaked Apple employee memo proclaiming that 2014 would be a big year for the company. 

Verizon leads the Dow higher
Verizon wasn't up as much as Apple, but was still leading its index higher. The Dow Jones component rallied more than 1% early on Monday, but unfortunately, there was little news to explain Verizon's move. On Friday, Verizon said it would issue transparency reports that would show how much consumer information it was giving to the U.S. government. While a positive development for privacy advocates, it doesn't seem likely to have a material impact on the wireless provider.

At any rate, Monday's gain adds to what has otherwise been a pretty mediocre year for Verizon. Shares are up just a bit more than 12% in 2013, about half of the Dow Jones' gain.

GSV Capital rallies alongside its holdings
GSV Capital is a publicly traded fund that invests in privately held, upcoming tech companies like Spotify and Dropbox. Prior to Twitter's IPO, it had been an indirect way for investors to buy Twitter shares. With Twitter only recently entering the public markets, GSV Capital still has a large stake -- about 17.6% of the fund.

With Twitter up more than 3% on Friday, GSV Capital was benefiting, rallying nearly 5%. 

Our top stick pick for 2014
There's a huge difference between a good stock, and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.


Read/Post Comments (0) | Recommend This Article (1)

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: 2774978, ~/Articles/ArticleHandler.aspx, 9/25/2016 8:34:57 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...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

9/23/2016 4:55 PM
^DJI $18261.45 Down -131.01 -0.71%
AAPL $112.71 Down -1.91 -1.67%
Apple CAPS Rating: ****
GSVC $4.91 Up +0.12 +2.51%
GSV Capital CAPS Rating: ***
VZ $52.56 Up +0.21 +0.40%
Verizon Communicat… CAPS Rating: ****
TWTR $22.62 Up +3.99 +21.42%
Twitter CAPS Rating: ***