11/22/2023 0 Comments Dia stock etf![]() Continued deal wins in the international market is another growth driver. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line. Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The Zacks Rank #1 (Strong Buy) company is the leading provider of on-demand Customer Relationship Management (CRM) software, which enables organizations to better manage critical operations, such as sales force automation, customer service and support, marketing automation, document management, analytics and custom application development. Salesforce (CRM ) – Up 9.1% in Past Nine Days J&J has upbeat Value & Growth score of “B.” ![]() The company lifted its 2023 adjusted earnings outlook to $10.70 to $10.80 per share, from a previous forecast of $10.60 to $10.70 per share. J&J is now forecasting full-year sales of $98.80 billion to $99.80 billion, about $1 billion higher than the guidance provided in April. The company also hiked its full-year guidance. The company beat on both lines in the ongoing earnings season. It operates through pharmaceuticals, medical devices and consumer products divisions. The Zacks Rank #3 pharma company’s biggest strength is its diversified business model. Johnson & Johnson (JNJ) – Up 5.7% in Past Nine Days The stock has a Top-rated Value score of “A” and Growth Score of “B.” Net EPS are projected to lie between $23.45 and $23.75, compared with the previous view of $23.25-$23.75. On the basis of solid performance exhibited in the first half of 2023, adjusted net EPS is presently anticipated within $24.70 and $25.00, compared with the prior guidance of $24.50-$25.00. The stock has a Top Momentum Score of “A”. Overall, higher rates, global expansion initiatives and a decent loan demand will support net interest income (NII). Increased credit card borrowing, higher loan charges, and robust consumer spending will likely act as strength for J.P. consumer base will likely help the bank as it has extensive consumer franchises. The company acquired failed First Republic Bank for $10.6 billion, which is expected to be accretive to earnings.Ī resilient U.S. JPMorgan's shares have outperformed the industry in the past six months. The Zacks Rank #1 (Strong Buy) company is one of the biggest global banks. ![]() These stocks will likely help the Dow Jones to keep the momentum going. ![]() Inside the Stocks That Played a Crucial Roleīelow we highlight a few stocks that played a crucial role in the Dow Jones’ latest rally. The trend is likely to be the same as the Fed is likely to hike rates this month amid a resilient economy and sticky inflation. Since value stocks perform better in a rising rate environment than growth stocks, Dow Jones had every reason to record jump yesterday. treasury yield was 3.85% on Jul 20, 2023, up 10 bps from the day before. treasury bond yields helped the value-centric Dow Jones gain precedence over the growth-oriented Nasdaq. If this was not enough, a spike in long-term U.S. Rising Bond Yields: A Tailwind for Dow Jones SPDR Dow Jones Industrial Average ETF DIA has added about 3.8% past month versus a 3.5% uptick in the S&P 500 (as of Jul 20, 2023) while DIA is up 2.4% in the past week versus 0.6% increase seen in the S&P 500. Moreover, Dow Jones companies have come up with upbeat results this reporting cycle while tech biggies like Netflix (NFLX) and Tesla (TSLA) slumped post earnings release. Better-than-expected earnings results from drugmaker Johnson & Johnson JNJ boosted the index on Jul 20. The index jumped more than 150 points yesterday to log its first nine-day rally since 2017, per a CNBC article. Since last week, the Dow Jones index has been performing very well. ![]()
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