U.S. stocks opened lower and are under pressure today, with the Dow recovering from an earlier decline of over 200 points, fueled by fears that Spain may need a full rescue package and rising worries that Greece may leave the euro. There appeared a huge sell-off, with oil prices falling 3% and copper prices declining 2.7%. The euro moved down further, dropping as low as $1.207.
The Dow Jones Industrial Average (INDEXDJX:.DJI) hit 12,583.41 mark today 4 and, at last check, was down 146.60 points to 12,675.97. Among Dow 30 only Caterpillar Inc. (NYSE:CAT), General Electric Company (NYSE:GE), The Home Depot, Inc. (NYSE:HD) and JPMorgan Chase & Co. (NYSE:JPM) are in positive territory.
McDonald’s Corporation (NYSE:MCD)
Upset by a slowing global economy and the impact of a stronger dollar, McDonald’s Corp reported second quarter results lower-than-expected profit on Monday and said sales growth would sluggish this month. Net income slipped 4.5 percent to $1.35 billion, or $1.32 per share. The value of sales overseas for U.S. companies lessen by the impact of the stronger dollar, cut 7 cents a share from earnings in the latest quarter. Higher taxes also weighed on profits.
[article_detail_ad_1]Earnings results that are lower than expected, cause McDonald’s Corporation (NYSE:MCD) to decline -2.96% in mid day trading. It is currently trading at $88.88 with the total volume of 6.62 million shares more than average volume of 6.57 million. MCD has market capitalization of 90.16 billion and its beta value stands at 0.42 times making it less volatile stock.
Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corp (NASDAQ: MSFT) is upgraded from a “neutral” to “buy” by Hilliard Lyons.
Microsoft Corp. today announced the accessibility of the Microsoft Dynamics CRM Online Trust Center, a website that will grant people with in-depth information about the confidentiality and security practices for the Microsoft Dynamics CRM Online service.
Microsoft Corp (NASDAQ: MSFT) fell down -3.07% to $29.19 with the total volume of 32.69 million shares in mid day trading. Stock’s 52 weeks low price was $23.79 and 52 weeks high price was $32.95. MSFT has earnings per share of $2.00 and its price to earnings ratio ended at 14.58.
The Boeing Company (NYSE:BA)
The Boeing Company (Boeing) is an aerospace company. BA reported the fall of -1.42% to $72.84 and its total volume in mid day trading was 2.22 million shares. Its 52 weeks price change was $56.01-$77.83.
BA is ahead its 52 week low with 32.47% and its last month price volatility remained 1.84%. Its beta coefficient was 1.24 with a target price of $85.81. In its share capital BA has 749.09 million outstanding shares while 745.09 million shares have been floated in market. BA has insider ownership of 0.33% with its institutional ownership remained 72.15%. Company’s current year earnings per share grew with 19.72% while the five year EPS growth rate was +13.44%.