The S&P 500 is on track to mark a 1 percent gain in December as Obama and Republican leaders discussed how to evade more than $600 billion in tax hikes and spending cuts, known as the fiscal cliff, which will automatically take effect at the beginning of 2013. All 10 sectors of the Standard & Poor’s 500-stock index closed lower, led by financial and energy companies.
Unsurprisingly, Apple Inc. (NASDAQ:AAPL) was one of hot stocks, joining many others in red territory after its PT was trimmed to $725 from $750 at RBC.[article_detail_ad_1]
More recently, the company is reportedly is heading for the launch of the fifth version of the iPad in March 2013.
Apple Inc. (NASDAQ:AAPL) has last 12-month performance up at 32.33%. Its price, by the end of recent trade, was up 33.66% compared with the 52 week low and was -26.01% below the 52 week high. When compared with the average-price of 200 days, that price was down -13.07% while keeping its distance from the SMA 50 at -9.55% and -5.88% compared with the SMA 20.
Ford Motor Company (NYSE:F) jumped after the United Auto Workers said that hourly workers at U.S. automakers Ford Motor Co. can expect sizable profit sharing pay for 2012. Ford has been showing an uptrend of 12.31% this year with a monthly performance floating around +8.61% and 3-month performance up 14.15%.
Its most recent closing price was 12.75% up from an average-price of 200 days while it was +8.73% away from the SMA 50 and +4.20% compared with the SMA 20. The stock, after the close of business on Friday, was at a premium of 35.68% versus the 52 week low and was trading at -7.69% below the 52 week high.
The year-to-date performance of another S&P 500 company General Electric Company (NYSE:GE), hovers around 20.62%, down -6.07% for the last three months and 26.24% up tracking the trailing twelve months. Its price closed 27.21% up when compared with the 52 week low and was -9.10% below the 52 week high. That price was +3.63% up from an average-price of 200 days at a distance of -1.45% from the SMA 50 and -1.05% compared with the SMA 20.
The Coca-Cola Company (NYSE:KO) so far in 2012 moved up 8.40% and its three-month performance stands at -3.88%. The stock gained 13.94% since it hit 52 week low and is now -8.03% below the 52 week high. Its latest closing price was -0.85% down as compared to an average-price of 200 days while it is currently keeping its distance from the SMA 50 at -0.67% and -1.54% compared with the SMA 20.