2013-01-23 14:29:55 -
NEW YORK, NY -- (Marketwire) -- 01/23/13 -- A string of positive economic data helped propel the Dow Jones industrial average and the S&P 500 Index to five-year highs last week. The Dow's and S&P 500's weekly gain of 1.2 percent and 1 percent, respectively, were the third consecutive week of gains. Research Driven Investing examines investing opportunities in the S&P 500 Index and provides equity research on E I Du Pont De Nemours And Co. (NYSE: DD) and Johnson & Johnson (NYSE: JNJ).
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www.RDInvesting.com/DD : ctt.marketwire.com/?release=977336&id=2514760&type=1& ..
www.RDInvesting.com/JNJ : ctt.marketwire.com/?release=977336&id=2514763&type=1& ..
A steadily improving U.S. housing market combined with a 5-year low in jobless claims has helped boost investor optimism heading into 2013. Last week, the Labor Department reported initial claims for unemployment benefits declined 37,000 to a seasonally adjusted total of 335,000, which was the largest weekly drop in nearly 2 years. Strong earnings from major companies such as Alcoa and General Electric have also contributed to the market's recent surge. Collectively, companies in the S&P 500 Index are projected to report a 3.8% earnings growth in the fourth quarter, according to S&P's Capital IQ.
"The economy is entering the year maybe not with a running start, but certainly a head start," Jack Ablin, BMO Private Bank's chief investment officer, said in a recent telephone interview, according to Bloomberg. "It helps build a nice story for 2013."
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DuPont operates as a science and technology based company worldwide. The company posted sales of $34.8 billion for the full-year 2012, an increase of 3 percent when compared to the full-year 2011. "DuPont stands stronger today than it did a year ago. Our segments delivered innovation, productivity and integration cost synergies. This, coupled with a record year in new product introductions, has strengthened our market position," said DuPont Chair and CEO Ellen Kullman.
Johnson & Johnson reported sales of $17.6 billion for the fourth quarter of 2012, an increase of 8 percent when compared to the year-ago quarter. The company expects earnings guidance for full-year 2013 in the range of $5.35 to $5.45 per share.
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