Join        Login             Stock Quote


 January 25, 2011 03:29 PM

Disappointing earnings by blue-chip companies pushed Wall Street to a tight spot today. Investors turned more cautious as Johnson & Johnson, and 3M failed to beat expectations of their quarterly earnings. Dow Jones Industrial Average lost 0.54 percent or 64.75 points to 11,915.77, and NASDAQ Composite index slipped 0.56 percent or 15.29 points to 2,702.26. The Standard and Poor's 500 index fell 0.61 percent or 7.81 points to 1,283.03.

During the current trading session, several stocks hit their new 52-week high or low. Some are discussed here.

52-Week Highs:

Pfizer Inc. (NYSE: PFE) recorded a new 52-week of $18.73 today, surpassing its previous high of $18.45. The 52-week low of the stock is $13.71. The stock's trading volume was 35.05 million shares against its average volume of 49.94 million shares. Shares of the company added 1.46 percent or $0.27 to $18.72 amid reports that the company had signed deals with Mylan Inc (NASDAQ: MYL) on Lipitor.

[Related -Starbucks Corporation (SBUX): How Q1 Earnings Will Fare?]

Shares of Corning Incorporated (NYSE: GLW) jumped 6.92 percent or $1.36 to $21 as the company declared an increase of 41 percent in its Q4 net income to $1.04 billion, or 66 cents per share. The stock recorded a new all-time high of $21.14 above its previous high of $19.64. Its 52-week low was $15.38. The trading volume was 30.07 million shares compared to its average volume of 12.22 million shares.

[Related -Ride Apple's Success With This 'Secret' Stock]

Applied Materials Inc. (NASDAQ: AMAT) hit a new 52-week high of $15.40 during the current trading session. The stock's previous high was $15.36, with 52-week low of $10.22. The trading volume was 9.37 million shares against its average volume of 15.5 million shares. Shares of the company failed to sustain the momentum and lost 0.91 percent or $0.14 to $15.22.

Starbucks Corporation (NASDAQ: SBUX) surpassed its previous high of $33.49 to reach $33.78 today. The stock's 52-week low was $20.98. The trading volume was 4.23 million shares against its average volume of 6.34 million shares. The company is expected to post an 18 percent increase in its Q4 profit. Shares of the company were down 0.42 percent or $0.14 to $33.35.

Next Page >>12
iOnTheMarket Premium


Comments Closed

rss feed

Latest Stories

article imageA Delicate Balance For US Macro Outlook Via Treasury Yields

US economic growth rebounded in the second quarter, but the Treasury market isn’t convinced that GDP’s 2.3% read on...

article imageTwo Firms On The Cusp Of A Major Turnaround

When a company stumbles repeatedly, investors eventually throw in the towel and sell their shares. read on...

article imagePick a Valid Strategy, Stick With It

I’m not going to argue for any particular strategy here. My main point is this: every valid strategy is read on...

article imageHow to Prepare For A Correction Without Missing Out On Upside Potential

Recent market commentary is starting to remind me of the periods in 2000 and 2008 just before the bottom read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.