The White House decision to reject the most recent Republican budget proposal to avert the fiscal cliff led investors sent the Dow Jones Industrial Average index lower, a day after its first back-to-back triple-digit gains since July. Of the Dow 30, only three companies including United Technologies Corporation (NYSE:UTX), Intel Corporation (NASDAQ:INTC) and Caterpillar Inc. (NYSE:CAT) were up.
General Electric Company (NYSE:GE) emerged as the most active and top decliner after it was removed from Key Call list at UBS. The reason for the removal was strong possibilities that GE’s short-term earnings will be weak because of the uncertain global macro environment. See details here.
The share price of GE stock lost -3.14% during trading yesterday, ending at $21.01. At that price, the company has a market cap of $220.32 billion and a P/E ratio of 15.59. The stock has a 52 week worst hit of $17.04 and a 52 week high of $23.18. The P/S ratio is 1.51 and P/B ratio 1.80. Dividend yield stands at 3.24 percent. The beta value is 1.62. GE’s RSI amounts to 42.03.[article_detail_ad_1]
Among others in the diversified machinery industry, the market value of Danaher Corporation (NYSE:DHR) now stands at $38.56 billion. It has 59,000 people in workforce, over the last 12 months has generated revenue of $18.00 billion and has earnings of $2.23 billion. The firm’s operating margin is 17.12 percent and net profit margin 12.40 percent. The latest closing price of its shares moved up 4.06% from the 50-day moving average.
Actuant Corporation (NYSE:ATU) was the biggest loser in this industry after its first-quarter profit failed to meet estimates and provided guidance for the second-quarter that was below forecast.
In the last trading session, ATU’s price moved -1.36% below its 200 day moving average, changing hands as low as $26.20 per share. The stock is currently trading -2.54% down its SMA 50. The worst hit in its 52 week range is $20.52 per share, with $31.33 being the 52 week best price, which compares with a latest closing price of $27.35. The Beta of this stock is 1.61.
For Illinois Tool Works Inc. (NYSE:ITW), a return on equity of 19.51 percent has been realized due to the financial position. Last twelve months per-share profit reached a value of $4.10. Last fiscal year, $1.52 has been paid in form of dividends to investors. Earnings are projected to move up 10.69 percent for the coming five years. The stock closed at $61.39, down -0.40 points or -0.65% from previous close and at a distance of +0.94% from 20-day simple moving average.