Sizzling Stocks Ringing in the New Year With Post-Holiday Cheer
Investors and traders are viewing the fiscal cliff deal as a positive boost to the start of 2013’s business and market sentiment. Closing a business deal gives way to certainty. The Dow Jones Industrial Average is surging on this first trading morning of the New Year 194 points to over 13,200. Here are a few key stocks ringing in the New Year with buying activity:
Ford Motor (NYSE:F): Ford investors are driving shares past $13 this morning, up almost 2%. Ford sold over 2 million vehicles in the U.S. in 2012, making it two straight years above the two-million mark. Ford also became the only automaker with three vehicles listed in the top ten-best selling cars worldwide.
Apple (NASDAQ:AAPL): Shares of the tech giant are climbing 2.77% Wednesday morning, approaching the $550 mark. Analysts and consumers continued to see packed Apple retail stores at malls across America over the recent holidays and no shortage of demand for iPhones and iPads. Meanwhile, chatter of Apple’s app developers testing a new iPhone 6 and iOS 7 are driving excitement for future product releases in 2013.
AT&T (NYSE:T): The bells are ringing in the New Year at AT&T this morning as shares are climbing almost 1.5% above $34. AT&T 4G LTE is the largest generation of wireless network technology and offers significant advantages for customers, including faster mobile Internet speeds, enhanced performance and advanced new 4G LTE compatible gadgets.
Facebook (NASDAQ:FB): Shares of the social media company are still celebrating with a first 2012 trading day rise of 2.41% and lifting shares above $27. Could 2013 be the breakout year for Facebook? BMO Analyst Daniel Salmon seems to think so, lifting his price target to $32 from $15 on the optimism for advertising revenue growth.
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