For Immediate Release
Chicago, IL – July 31, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Johnson & Johnson (NYSE:JNJ – Free Report), Merck and Co. (NYSE:MRK – Free Report), McDonald's Corp. (NYSE:MCD – Free Report), Caterpillar Inc. (NYSE:CAT – Free Report) and The Boeing Company (NYSE:BA – Free Report).
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Here are highlights from Friday’s Analyst Blog:
Dow 30 Stock Roundup: JNJ, MRK, MCD, CAT & BA
The Dow enjoyed a strong week of gains, riding on stellar earnings results. The index declined on Monday due to a spike in bond yields, which dimmed the attraction of such safe haven stocks as telecom and utilities. But the index closed in the green on each successive day, closing Thursday at a record level. The Fed’s decision to refrain from raising rates at the end of its two-day policy meeting also lifted investor sentiment.
Last Week’s Performance
The Dow declined 0.3% on Monday, largely due to the fact that bond yields increased, leading investors to exit in utilities and telecom stocks. Also, shares of Johnson & Johnson (NYSE:JNJ – Free Report) fell 1.5%, dragging down the blue-chip index.
This was largely due to the fact that Merck and Co. (NYSE:MRK – Free Report) together with its South Korean partner Samsung Bioepis Co Ltd has started selling Renflexis, a less expensive alternative version of Johnson & Johnson's rheumatoid arthritis drug Remicade in the United States.
The index gained 0.5% on Tuesday following stellar earning results from McDonald's Corp. (NYSE:(MCD - Free Report) – Free Report) and Caterpillar Inc. (NYSE:(CAT - Free Report) – Free Report). Oil prices rose following Saudi’s decision to curb oil exports to the US. There were broad gains for technology stocks as the tech rally continued.
The index increased 0.5% on Wednesday, boosted by strong earnings results and the Fed’s decision not to raise rates at the end of its two-day meeting. Splendid second quarter earnings from The Boeing Company (NYSE:BA – Free Report) helped close the Dow at a record high.
The Dow outperformed the two other benchmarks to close at a record high on Thursday, riding on a rally in shares of Boeing Company and others . The blue-chip index gained 0.4%.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
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