Travelers, IBM Among 7 Dow Stocks With Gains Of More Than 5% So Far In July
The Dow Jones Industrial Average ended last week with a close of 18,086.45, up 1.5% year-to-date and 1.4% below its all-time intraday high of 18,351.36 set on May 19.
Helping the Dow 30 to return to positive territory for the year are seven components that have gains of more than 5% so far in the second half of 2015; six of these companies report their second quarter earnings this week.
The second half leaders are Boeing, up 5.9% so far in July and is up 13% year-to-date; IBM, up 6.1% so far in July and is up 7.5% year-to-date, in second place among the six“Dogs of the Dow;” Coca Cola, up 5.1% so far in July but down 2.3% year-to-date; Microsoft, up 5.6% so far in July but up just 0.4% year-to-date. Procter & Gamble, up 5.1% so far in July but down 9.7% year-to-date; Travelers, up 6.5% so far in July but down 2.7% year-to-date. Visa, up 5.6% so far in July and up 2% year-to-date.
Last week I wrote about four Dow components that were turnaround stocks after being first half losers and Coca Cola, Proctor & Gamble and Travelers are among the seven profiled today.
Here are the profiles for the seven month-to-date leaders among the Dow courtesy of MetaStock Xenith.
Boeing (BA) closed at $146.84 last week, above its 50-day and 200-day simple moving averages of $143.65 and $139.56, respectively, after weakness to the 200-day provided buying opportunities between June 29 and July 6.
Boeing’s weekly chart ended the week positive with the stock above its five-week modified moving average of $144.23. Its 12x3x3 weekly slow stochastic reading is 28.19 up from 20.86 on July 10.
This week’s value level is $138.82 with a semiannual pivot of $147.53 and a monthly risky level of $157.74.
IBM (IBM) closed at $172.51 last week, above its 50-day and 200-day simple moving averages of $168.70 and $164.61, respectively, after the stock popped above the 200-day providing a buying opportunity on July 10.
IBM’s weekly chart ended the week positive with the stock above its five-week modified moving average of $168.08, which held at the week’s low. Its 12x3x3 weekly slow stochastic reading is 46.36 up from 46.30 on July 10.
Monthly and quarterly value levels are $161.07 and $160.58, respectively, with a semiannual risky level of $187.72.
Coca Cola (KO) had a close of $41.25 last week, above its 50-day simple moving average of $40.55 and below its 200-day simple moving average of $41.66. Gapping above the 50-day on July 13 proved to be a buying opportunity.
KO’s weekly chart ended the week positive with the stock above its five-week modified moving average of $40.50. Its 12x3x3 weekly slow stochastic reading is 34.55 up from 27.38 on July 10.
Microsoft’s weekly chart ended the week neutral with the stock above its five-week modified moving average of $45.66. Its 12x3x3 weekly slow stochastic reading is 50.98 down from 54.97 on July 10.
This week’s value level is $43.01 with semiannual and quarterly risky levels of $47.70 and $48.82, respectively.
Procter & Gamble (PG) closed at $82.24 last week, above its 50-day simple moving average of $79.91 and below its 200-day simple moving average of $84.60. Closing above its 50-day on July 2 was an indication of some upside potential for the stock.
The weekly chart ended the week positive with the stock above its five-week modified moving average of $80.56. Its 12x3x3 weekly slow stochastic reading is 43.03 up from 32.86 on July 10.
This month’s value level is $78.79 with an annual pivot of $82.04 and quarterly and semiannual risky levels of $85.11 and $87.63, respectively.
Travelers’ weekly chart ended the week positive with the stock above its five-week modified moving average of $101.08. Its 12x3x3 weekly slow stochastic reading is 27.77 up from 17.35 on July 10, moving above the oversold threshold of 20.00.
This week’s value level is $97.59 with a monthly risky level of $104.59.
Visa (V) closed at $70.88 last week above its 50-day and 200-day simple moving averages of $68.87 and 64.90, respectively. Closing above its 50-day on July 10 was an indication of some upside potential for the stock.
Visa’s weekly chart ended the week positive with the stock above its five-week modified moving average of $68.91. Its 12x3x3 weekly slow stochastic reading is 69.99 up from 67.85 on July 10.
An annual value level is $67.25 with quarterly and monthly risky levels of $71.80 and $72.11, respectively.
Disclosure: I have no positions in Boeing, IBM, Coca Cola, Microsoft, Procter & Gamble, Travelers or Visa.
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