Dow Jones Today Led By Intel, Pfizer; 3 Stocks Explode Higher On Earnings

The Dow Jones and other major stock indexes were poised to end the week on a high note amid another round of bullish earnings reports. Intel stock and Pfizer stock were top gainers in the Dow Jones today. Intuit (INTU) was a nice gainer in the Nasdaq 100, up 6% on strong earnings.


In afternoon trading, the Dow Jones industrials, S&P 500 and Nasdaq composite showed gains ranging from 0.5% to 0.7%. Small caps also advanced, with the Russell 2000 up 0.7%. Volume on the Nasdaq was tracking higher than Thursday’s level. NYSE volume was slightly lower.

Movers In The Dow Jones Today

Shares of Intel (INTC) were up nearly 3%, helped by a Morgan Stanley upgrade to overweight from equal weight. Pfizer (PFE) reclaimed its 50-day moving average, rising just over 2%.

Coca-Cola (KO) lagged in the Dow Jones today, down 1%. After slumping 8.6% last week on earnings, shares are up only 0.3% this week.

Earnings Movers

Once again, earnings winners weren’t hard to find. Leaderboard stock Trade Desk (TTD) gapped out of a consolidation, soaring 30%. Adjusted earnings of $1.09 a share easily beat the consensus estimate, and the company delivered its fourth straight quarter of 50%-plus sales growth.

Wayfair (W) also gapped up powerfully on earnings. Profitability is still a ways off for the online home furnishings retailer, but sales growth has been impressive for several quarters in a row.

Acacia (ACIA) soared out of a consolidation, also on strong earnings. Like many other fiber-optic stocks, Acacia has the look of a turnaround story. After several quarters in a row of declining earnings and sales, profit in the latest quarter jumped 52% from a year ago. Sales rose 24% to $107.1 million.

Kraft Heinz, Hit

On the downside, Kraft Heinz (KHC) plunged 27% on a flurry of negative headlines including weak earnings, an SEC subpoena and a slashed dividend. (STMP), meanwhile, cratered more than 50% after the company reported earnings and said it was ending its partnership with the U.S. Post Office, its top customer


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Originally posted 2019-09-19 23:34:45.


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