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Investing

The 4 Stocks That Hauled Up Monday’s Market

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By Paul Ausick Updated Published
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January 20, 2015: Markets opened higher on Tuesday after the IMF cut its forecast for global growth for 2015 from 3.5% to 3% and its 2016 forecast from 4% to 3.7%. Crude oil had been trading higher, but quickly turned south to close down nearly 5%. By the end of the trading session, stocks had climbed out of their holes and trading in positive territory — barely. Shortly before the closing bell the DJIA traded up 0.02% for the day, the S&P 500 traded up 0.15%, and the Nasdaq Composite traded up 0.44%.

The DJIA stock posting the largest daily gain ahead of the close Tuesday was Cisco Systems Inc. (NASDAQ: CSCO) which traded higher by 1.66% at $28.14. The stock’s 52-week range is $21.27 to $28.70. Trading volume was about equal to the daily average of around 28 million shares. The company made Deutsche Bank’s list of best networking stocks.

American Express Co. (NYSE: AXP) traded up 1.64% at $87.45. The stock’s 52-week range is $78.41 to $96.24. Trading volume was about 25% above the daily average of around 4 million shares. The company had no specific news today.

The Coca-Cola Co. (NYSE: KO) traded up 1.58% at $43.20. The stock’s 52-week range is $36.89 to $45.00. Trading volume was about 20% below the daily average of around 16 million shares. The consumer goods sector held up its bit of the DJIA today.

Chevron Corp. (NYSE: CVX) traded up 1.27% at $106.46. The stock’s 52-week range is $100.15 to $135.10. Trading volume is about 10% below the daily average of around 8.8 million shares. The company had no specific news today, and given the news on crude prices, about the only reason for the gain is that the stock looked like a bargain.

Of the Dow 30 stocks 16 are set to close higher today and 14 are on track to close lower.

ALSO READ: The Safest States in America

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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