Business & Tech
The SJC 25 Stock Report, Jan. 15, 2012
Our weekly look at the biggest companies in town reveal they are outperforming the top indices.
Editors Note – In this feature, we check on the health of the Fortune 500 companies which have a presence in San Juan Capistrano.
This week was a mixed bag for our share of Fortune 500 companies. The bank sector remained strong. And Marriott also had a strong week. (Psst, Marriott officials told me this week that while a grand opening for the is planned in April, guests will start checking in next month).
Looking ahead, the Street reports that the week ahead will be focused on Europe, despite many companies releasing their quarterly earnings reports. Stay tuned ...
Find out what's happening in San Juan Capistranofor free with the latest updates from Patch.
And we have a new statistic for you. The three-month performance of the total SJC Patch 25. We're at 9.68 percent overall. That's well above the Dow Jones Industrial average of 6.68 percent and the S&P 500 advance of 5.27 percent. Not too shabby, San Juan Capistrano!
Some business Briefs for You:
Reuters reported that Bank of America has a plan to deal with mortage-related losses: Sell off branches. But this would only be in an emergency.
Find out what's happening in San Juan Capistranofor free with the latest updates from Patch.
McDonald's announced it will continue to sponsor the Olympics through 2020. Anyone else sooo excited for this year's Olympics? If you missed it, . And she's 40. You rock, Janet!
Barron's took a look at the banking sector and has placed Citigroup and JP Morgan Chase at the top of its list, with an honorable mention for Wells Fargo. On the other hand, Forbes warns that a humongous antitrust lawsuit some 5 million retailers have filed against Visa, Mastercard and 13 banks (including BofA, JP Morgan, Citi and Wells Fargo) could "deliver a multi-billion-dollar shock to bank bulls in the coming months." Ouch.
And finally, did you run into Rite Aid and buy a tin of Rich Fields Butter Cookies on a whim during the holidays? If so, you might not want to eat them. The drug store chain is voluntarily recalling the cookies. According to Reuters, they are contaminated with Bacillus cereus, which may cause diarrhea, nausea and/or vomiting. The company says, however, the possibility of serious adverse health consequences is remote.
Ticker
Close Friday% Change
on the Week
Bank of America BAC 6.61+6.96
Big Lots BIG 37.58 -1.52 Chevron CVX 106.09 -2.05 Citigroup C 30.74 +7.67 ConocoPhillips COP 70.34 -3.19 Costco COST 80.61 -0.64 Dollar Tree DLTR 82.75 +0.29 FedEx FDX 90.37 +5.71 JP Morgan Chase JPM 35.92 +1.58 The Kroger Co. (Ralphs) KR 24.13 -0.25 Marriott MAR 33.53 +5.64 McDonald's MCD 100.35 -0.25 PetSmart PETM 52.99 +1.71 Quest Diagnostics DGX 56.81 -2.07 RadioShack RSH 9.90 +0.51 Rite Aid RAD 1.29 -3.73 Ross Stores ROST 51.15 +0.81 Safeway (Vons) SWY 20.91 -1.51 Sempra Energy (SDG&E) SRE 55.42 -0.77 Staples SPLS 14.89 +2.62 Starbucks SBUX 47.36 +1.37 The TJX Cos. (Marshalls) TJX 65.16 -1.97 United Parcel Service UPS 74.16 +0.93 Wells Fargo WFC 29.61 +2.32 Yum! Brands (KFC, Taco Bell) YUM 61.23 +2.31
– Financial data provided by Google Finance