Intel, Home Depot, Microsoft Lead DJIA During Earnings Season
NEW YORK (TheStreet) -- The Dow Jones Industrial Average is up 2.8% year to date through Thursday's close after setting an all-time intraday high at 17,151.56 on July 17. Even so, the Dow 30 is down fractionally since my pre-earnings post on July 7. Only 11 of 30 Dow components had gains between July 3 and Thursday.
The winning stocks since July 3 are Intel
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The biggest losers among the 19 decliners are American Express
Stocks that set all-time or multiyear highs between July 3 and Thursday are Caterpillar
Among the 13 that set highs during earnings season, only five held onto gains between July 3 and Thursday.
Six stocks in the Dow ended Thursday below their 200-day simple moving averages including the following: Boeing
Eight stocks have negative weekly charts, which are defined by weekly closes below their five-week modified moving averages with declining or oversold 12x3x3 weekly slow stochastics. The eight stocks include American Express, Cisco, Chevron, McDonald's, Pfizer, AT&T, Verizon
Twelve stocks have positive weekly charts defined by weekly closes above their five-week modified moving averages with rising or overbought 12x3x3 weekly slow stochastics. Included in this category are DuPont
The relatively poor price performance belies that 23 companies in the DJIA beat analysts' earnings-per-share estimates, three matched estimates, and only four missed.
Investors who wish to buy a stock should use a good-until-canceled, or GTC, limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level.