The 4 Stocks That Kept the Rally Going

Investing

Published: April 1, 2014 4:01 pm

Last Updated: April 28, 2020 6:09 am

April 1, 2014: Markets opened higher on Tuesday following a rise in the ISM manufacturing data that was a bit smaller than expected by solid nonetheless. Automakers sales reports were also stronger than expected for March, even though GM failed to report sales this morning due to a systems failure. In the final minutes of trading the DJIA was up 0.47%, the S&P 500 was up 0.68%, and the Nasdaq Composite was up 1.59%.

Today’s market mover among the DJIA stocks was Cisco Systems Inc. (NASDAQ: CSCO) which added 3.19% and traded at $23.13 in a 52-week range of $19.98 to $26.49. Volume was on track to be roughly 60% higher than the daily average of around 44 million shares traded. Shares likely got their boost from overall optimism about the tech sector and the ISM report because the company had no significant news.

Another big gainer today was The Boeing Co. (NYSE: BA) which traded up 2.26% at $128.34 in a 52-week range of $83.80 to $144.57. The company announced an order from Air Canada for 61 of its new 737 MAX aircraft. The order is worth $6.5 billion at list prices. Volume was about 40% below the daily average of around 5.4 million shares traded.

The Walt Disney Co. (NYSE: DIS) climbed 1.85% higher today, to close around $81.56 in a 52-week range of $56.37 to $83.65. Share volume was about 30% lower than the daily average of around 7.4 million shares traded. Disney’s animated feature “Frozen” joined the list of the top ten-grossing movies of all time this past weekend.

Though not included in the Dow 30, Ford Motor Co. (NYSE: F) rose 3% year-over-year in March and the company sees seasonally adjusted annual sales for all carmakers reaching 16 million vehicles in 2014. The stock traded up 4.9% today at $16.36 in a 52-week range of $12.15 to $18.02. Trading volume for the shares was nearly double the daily average of around 38 million shares traded.

Of the Dow 30 stocks 18 are set to close higher today and 12 are on their way to a lower close.

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