The 3 Stocks Everybody's Talking About this Week
The market surged this week, helped along by the Fed's announcement of more stimulus today. The Dow (INDEX: ^DJI) was up 2.2%, the S&P 500 (INDEX: ^GSPC) was up 1.9%, and the Nasdaq (INDEX: ^IXIC) was up 1.5%. With that as context, let's look at the stocks thateverybody was talking about.
Although it didn't get named to the Dow, Apple (NAS: AAPL) stole the show this week with its epically awaited iPhone 5 unveiling on Wednesday. There's been some grumbling that the new iPhone is "boring," but that's the price of amazing us consistently for a good half decade. It seems the only thing that could hold them back is not being able to roll out the donuts fast enough. That's a good problem to have. (For more on Apple's prospects, check out our premium Apple report.)
Meanwhile, Facebook had, maybe, its first nice week since going public in May. Juiced by founder Mark Zuckerberg's first post-IPO interview, shares stormed ahead 16%, to end at $22. That's still a far cry from the IPO price of $38, but even a little sunshine in London is always appreciated.
On the Dow, Bank of America (NYS: BAC) led the winners. It was up 8.5%, to end the week at $9.55. The Fed's stimulus move especially boosted bank shares,because of the obvious benefit of increased demand for mortgage-backed securities. And any boost to the economy is a boost for banks.
Apple, Facebook, and Bank of America dominated the week, but if you're looking for solid investing ideas beyond the daily news, check out our free report, "The 3 Dow Stocks Dividend Investors Need." It features three of the most unassailable businesses in America. Find out their names now.
The article The 3 Stocks Everybody's Talking About this Week originally appeared on Fool.com.Anand Chokkaveluowns shares of Bank of America and Apple, as well as LEAPs on Bank of America. The Motley Fool owns shares of Apple, Facebook, and Bank of America.Motley Fool newsletter serviceshave recommended buying shares of Facebook and Apple.Motley Fool newsletter serviceshave recommended creating a bull call spread position in Apple. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.