With just five days left to the fiscal cliff and no clear solution to avoid falling over the edge, the Dow Jones Industrial Average (INDEXDJX:.DJI) extended its declining string for a third day. Although not all investors have totally lost faith that a deal will be signed in Washington, most seem unwilling to add new capital to the markets with so much doubt threatening.
There is a vast majority that believes if U.S. goes over the cliff, the country will dip into new economic slump, and the markets will quickly fall down. On Wednesday, 17 of the Dow’s 30 stocks were in the negative territory and the index completed the session down just 24 points, or 0.19%, to 13,114.[article_detail_ad_1]
General Electric Company (NYSE:GE) is reportedly still hiring at its locomotive plant in far north Fort Worth known as GE Manufacturing Solutions. The report claims GE Transportation is still trying to fill its first 300 jobs as about a month is left to the scheduled opening of the locomotive factory.
The share price decreased in the last trading session with a previous 52-week high of $23.18. The stock was trading on below-average volume. The stock traded at a volume of 28.56 million shares at a price fall of -0.24%. It is now down -6.27% for the past three months. Latest closing price was -1.70% below its 50-day moving average and 2.96% above its 200-day moving average.
Pfizer Inc. (NYSE:PFE) edged up after winning an approval for sales of an anticlotting drug called Eliquis from regulators. While trading at volume lower than average, the stock climbed 0.64% yesterday. Its previous 52-week high was $26.09 and moved up 21.23% over the same period, trading at a volume of 21.86 million. Shares have risen 14.36% over the trailing 6 months. The stock is currently trading 1.41% above its SMA 50 and 8.61% above its SMA 200.
Alcoa Inc. (NYSE:AA) was up after a Bloomberg survey of analysts revealed that aluminum stock futures are projected to gain as much as 16% to $2,400 per ton next year, even in spite of a record glut, because of shipping delays from warehouses.
Over the last 12 months for Aloca, a return on equity of -1.73 percent was realized due to the financial situation and earnings per share reached a value of -$0.23. Last fiscal year, $0.12 has been paid in form of dividends to investors. Earnings are projected to move up 11.41 percent for the coming five years. The stock closed at $8.73, up 0.11 points or 1.28% from previous close and at a distance of 1.88% from 20-day simple moving average.
The Coca-Cola Company (NYSE:KO) was down after Rupp Arena decided switching to Pepsi after 37 years with Coke. The stock moved up 7.02% in this year and its price history showed most recently beta was at 0.38. Overall the last 12 months, the percentage change in the price was 3.82%, hitting the highest of $40.67 on Jul 31, 2012 while lowest level in that period was $33.28 on Jan 13, 2012.