CA Technologies Rallies 3.6%

Yesterday, the Russell 2000, Dow Transports, S&P Mid-Cap 400 and S&P Small-Cap 600 made all-time high closes. Also, the S&P 500 Healthcare and Consumer Discretionary Sectors made all-time highs.

The market is about flat today. Earnings reports continue to pour in. Two standouts were IBM ($IBM) and Google ($GOOG), and both stocks are doing well today. Due to its high price, IBM has the largest weighting of any Dow stock (about 11%), so the Dow is ahead of the broader indexes today.

CA Technologies ($CA) is also doing well thanks to yesterday’s good earnings report. The shares have been as high as $25.57 today. Right now, the stock is up 90 cents or about 3.6%. For the year, CA is a 15.5%. Not bad for a dull stock.

We’re going to get Stryker’s ($SYK) earnings after the close, but the company already told us to expect good news so most of the pop is gone.

The strength from tech earnings has helped push Oracle ($ORCL) to a new 52-week high. The stock got as high as $35.20 today. It had a lot of trouble breaking through $35.

Our Buy List now has four stocks (ORCL, CA, MOG-A, SYK) that are up double-digits on the year. Ross Stores and Ford aren’t far behind.

Posted by on January 23rd, 2013 at 11:18 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.