Several more breaking news stories could affect stock prices as trading continues today on Wall Street. The following listed companies should see some movement: Home Depot Inc. (NYSE:HD), Intel Corp. (NASDAQ:INTC) and Johnson & Johnson (NYSE:JNJ).
Here is a more detailed look at the news that will affect each company when trading continues.
Home Depot Inc. (NYSE:HD)
Home Depot, Inc. (NYSE:HD) said it will participate in the testing phase of a new Bank of America system next month that will let people pay New York-area merchants through mobile phones instead of swiping their credit or debit cards.
Home Depot, Inc. (NYSE:HD) is among the few merchants selected for the testing, along with McDonald’s, and New York City taxis.
Intel Corp. (NASDAQ:INTC)
With an estimated growth rate of nearly 30% for the next two years, plus a dividend yield of 3.3%, Intel certainly has earnings covered. And with shares trading at roughly 11 times earnings, how can you go wrong?
David Meier of The Motley Fool says as much: “I believe Intel (NASDAQ:INTC) has the right mix of value and income to soundly beat the market over the long haul”.
Johnson & Johnson (NYSE:JNJ)
The FDA has slapped DePuy Orthopaedics, a division of Johnson & Johnson (NYSE:JNJ), with a warning letter.
The FDA said in the letter that the company has been selling artificial knee and hip products in violation of the Federal Food, Drug, and Cosmetic Act, since these products have yet to meet government approval.
Expect more movement when trading continues for Home Depot Inc. (NYSE:HD), Intel Corp. (NASDAQ:INTC) and Johnson & Johnson (NYSE:JNJ).
