Five Stocks to Watch in April

The stock market continued higher in March, ending 2013's first quarter on an extremely positive note. Tuesday's rally, with the Dow rising 89 points took the index to new all time highs and into uncharted territory.

The Dow closed at 14,662 on Tuesday, more than double its value of 6,550 where it closed back in March of 2009. The Standard and Poor's 500 index also closed at an all-time high of 1,570 after the U.S. Department of Commerce reported Factory Orders for February had risen +3.0 percent.

Below are five stocks to watch during the month.

Cisco Systems (CSCO) - The world's leading provider of IP based networking equipment and other products recently announced a three cent increase to its quarterly dividend. The 21 percent increase brings Cisco quarterly dividend to $0.17 per share and will be payable on April 24th to stockholders of record on April 8th. The company finished the first quarter with a strong balance sheet and after spending more than $500 million in stock repurchases.

Boeing (BA) - After the cancelation of a test flight for the company's Dreamliner 787 last Saturday, Boeing shares have been under selling pressure. The Dreamliner 787 has been grounded since January following an incident involving a faulty battery on the plane which caught fire on a Japanese carrier at Boston Airport. The new battery was approved for testing by the FAA several weeks ago. Boeing is losing an estimated $50 million per week the Dreamliner 787 is out of operation.

Netflix (NFLX) - After trading as high as $196 per share at the end of March, Netflix stock has more than doubled since the end of 2012. The stock traded as high as $300 per share two years ago before selling off sharply as the company lost favor with investors. Nevertheless, recent deals for exclusive content from The Walt Disney Company (DIS) and Time Warner Inc. (TWX) have restored investor confidence and could take the stock higher in April.

Facebook (FB) - On Thursday, Facebook will be hosting a press event entitled, "Come See Our Home on the Android" at its Menlo Park, CA headquarters. There is speculation that Facebook may be ready to introduce a mobile device to take advantage of the social media giant's one billion users. After hitting a low of $17.55 per share last August, the company's stock seems to be recovering but is still down -4.0 percent this year with the market making new highs.

Phillips 66 (PSX) - Despite an almost 4 percent drop for Phillips 66 stock, closing at $66.84 on Tuesday, the oil company's shares are still considerably higher than $53 where they ended last year. Phillips 66 is planning to construct a 100,000barrel per day natural gas liquid fractionator close to its Sweeny refinery in Old Ocean, Texas. In addition, the company filed for a $300 million IPO for its midstream partnership that will include its Clifton Ridge oil pipeline in Louisiana and pipelines and storage facilities in Texas and Illinois.

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Published on Apr 3, 2013
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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