What Made These 3 Stocks Moved Higher
Another weird and wild day on Wall Street left the Dow Jones Industrial Average (INDEX: ^DJI) down just more than eight points, or 0.06%, as the closing bell rang. The index currently sits at 13,548, and had a trading range of 78 points today, touching a high of 13,588 and a low of 13,510. The morning news on jobless claims showed that 46,000 more Americans filed for jobless benefits last week, compared to the prior one. Although two weeks ago we saw claims plunge to 342,000, and this week the number jumped to 388,000, the four week moving average only increased by 750, to 365,000 claims.
The big news today was when Google (NAS: GOOG) prematurely released third quarter earnings. The company's shares were halted for a number of hours, and the stock lost more than 9% of its value. Regardless of when they were announced, the results were not what investors wanted to see.
Even with all this going on, a few Dow stocks managed a win for the day.
Who were they and why were they up?
The insurance giant, Travelers (NYS: TRV) announced earnings prior to the opening bell this morning and really impressed investors. The company posted earnings of $2.21 per share for the quarter, while analysts expected just $1.61 per share. What was even better was that the company almost tripled the $0.79 per share it earned during the third quarter of 2011. The main contributing factor for the big per share increase was that the company recently bumped up rates and retained customers in the process. Shares ended the day up 3.59%.
Two other big winners today were Verizon (NYS: VZ) and AT&T (NYS: T) , which saw shares increase by 2.37% and 0.84%, respectively, after Verizon also announced third quarter results this morning. The company hit analysts' estimates on both the top and bottom lines. But the driving force behind the move higher was that Verizon added 1.5 million new device contracts, a number which blew estimates away.
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The article What Made These 3 Stocks Moved Higher originally appeared on Fool.com.
Matt Thalman has no positions in the stocks mentioned above. The Motley Fool owns shares of Google. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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