3 Dow Stocks That Surged This Week
Today, industrials editor and analyst Brendan Byrnes discusses the Dow's three biggest winners this week. The Dow had declined for six straight days heading into Friday before staging a 1.6% rally that left the index essentially flat for the week. Big-bank earnings were the main catalyst for the gain on Friday, with JPMorgan Chase and Wells Fargo beating expectations. JPMorgan soared more than 6% on the week despite disclosing $4.4 billion in losses from its so-called "London whale" trade. Procter & Gamble rose this week after the odds that its CEO will leave increased, and Merck jumped after studies of its new osteoporosis drug looked promising. Check out the following video for more on why these Dow stocks had such a great week.
Despite the good week for these stocks, there's still a tremendous amount of uncertainty surrounding the market. That may tempt many investors to take their money and run far from stocks. But that can be one of the biggest mistakes investors can make. Some of the most successful stock picks are great dividend stocks purchased at attractive valuations on dips in the market. With that in mind, we've taken an in-depth look at all 30 Dow components and picked out our three favorite Dow dividend stocks that investors can buy right now. You can find the names and analysis of these companies in our brand-new free report, "The 3 Dow Stocks Dividend Investors Need." Read the report now -- it's absolutely free.
The article 3 Dow Stocks That Surged This Week originally appeared on Fool.com.
Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Procter & Gamble. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
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