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The Zacks Analyst Blog Highlights: Johnson & Johnson, Merck and Co., McDonald's, Caterpillar and The Boeing Company

For Immediate Release

Chicago, IL – July 31, 2017 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Johnson & Johnson (NYSE:JNJ Free Report), Merck and Co. (NYSE:MRK Free Report), McDonald's Corp. (NYSE:MCD Free Report), Caterpillar Inc. (NYSE:CAT Free Report) and The Boeing Company (NYSE:BA Free Report).  

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Here are highlights from Friday’s Analyst Blog:

Dow 30 Stock Roundup: JNJ, MRK, MCD, CAT & BA

The Dow enjoyed a strong week of gains, riding on stellar earnings results. The index declined on Monday due to a spike in bond yields, which dimmed the attraction of such safe haven stocks as telecom and utilities. But the index closed in the green on each successive day, closing Thursday at a record level. The Fed’s decision to refrain from raising rates at the end of its two-day policy meeting also lifted investor sentiment.

Last Week’s Performance

The Dow declined 0.3% on Monday, largely due to the fact that bond yields increased, leading investors to exit in utilities and telecom stocks. Also, shares of Johnson & Johnson (NYSE:JNJFree Report) fell 1.5%, dragging down the blue-chip index.

This was largely due to the fact that Merck and Co. (NYSE:MRKFree Report) together with its South Korean partner Samsung Bioepis Co Ltd has started selling Renflexis, a less expensive alternative version of Johnson & Johnson's rheumatoid arthritis drug Remicade in the United States.

The index gained 0.5% on Tuesday following stellar earning results from McDonald's Corp. (NYSE:MCDFree Report) and Caterpillar Inc. (NYSE:CATFree Report). Oil prices rose following Saudi’s decision to curb oil exports to the US. There were broad gains for technology stocks as the tech rally continued.

The index increased 0.5% on Wednesday, boosted by strong earnings results and the Fed’s decision not to raise rates at the end of its two-day meeting. Splendid second quarter earnings from The Boeing Company (NYSE:BAFree Report) helped close the Dow at a record high.

The Dow outperformed the two other benchmarks to close at a record high on Thursday, riding on a rally in shares of Boeing Company and others . The blue-chip index gained 0.4%.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release.

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Johnson & Johnson (JNJ): Free Stock Analysis Report
Merck & Company, Inc. (MRK): Free Stock Analysis Report
Boeing Company (The) (BA): Free Stock Analysis Report
Caterpillar, Inc. (CAT): Free Stock Analysis Report
McDonald's Corporation (MCD): Free Stock Analysis Report
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