U.S. stocks closed modestly higher Friday, giving the market its third straight week of gains.
The S&P 500 added 0.5 percent at 4 p.m. in New York. The gauge is up 0.9 percent in the past five days, capping its longest streak of weekly gains since May. The index has surged 5.9 percent in October, poised for its best month since 2011 as it rebounds from a late-summer swoon.
General Electric Co. rose 3.4 percent to a seven-year high after its quarterly results. Honeywell International Inc. slid 2 percent after its revenue missed expectations and the company trimmed its full-year sales forecast. Schlumberger Ltd. lost 3.1 percent after reporting quarterly profit that declined from the previous year.
“Investors are keying in on earnings season, which will really get rolling next week,” said Richard Sichel, chief investment officer at Philadelphia Trust Co., which oversees $2 billion. “It’s been a good week and month to date, which has the S&P back close to even for the year. The numbers are better than how it feels. Other issues, such as China, have quieted down.”
Data Friday showed a drop in factory output as high inventories and lukewarm demand from overseas customers kept American producers bogged down. A separate report indicated consumer sentiment climbed more than forecast in October as lower-income Americans projected wage gains will accelerate and falling energy prices helped stretch paychecks.
Discovery Communications Inc. (NASDAQ:DISCA) fell -1.28% or -0.37 points on Friday and made its way into the losers of the Friday. After trading began at $28.59 the stock was seen hitting $28.75 as a peak level and $28.17 as the lowest level. The stock ended up at $28.49. The daily volume was measured at 3.21 million shares. The company has a market cap of $11.76 billion. The mean estimate for the short term price target for Discovery Communications Inc stands at $30.83 according to 24 Analysts. The higher price target estimate for the stock has been calculated at $40.00 while the lower price target estimate is at $25.00. On Oct 29, 2014, the shares registered one year high at $37.64 and the one year low was seen on Oct 2, 2015. The 50-Friday Moving Average price is $27.46 and the 200 Friday Moving Average price is recorded at $30.97. Discovery Communications Inc. (NASDAQ:DISCA) and 3M have named 15 year-old Hannah Herbst from Boca Raton, Fla. the winner of the 2015 Discovery Education 3M Young Scientist Challenge. Herbst made an energy probe prototype that seeks to offer a stable power source to developing countries by using untapped energy from ocean currents. This innovation was inspired by Herbst’s desire to help her 9-year-old pen pal living in Ethiopia who lacks a reliable source of power and electricity. Herbst’s scientific thinking reflected the competition’s goal of applying science to everyday life, creating a solution that will recover lives and strengthen communities around the globe.
FuelCell Energy Inc (NASDAQ:FCEL) witnessed a decline in the market cap on Friday as its shares dropped -1.28% or -0.012 points. After the session commenced at $0.91, the stock reached the higher end at $0.94 while it hit a low of $0.88. With the volume soaring to 1.89 million shares, the last trade was called at $0.888. The company has a 52-week high of $2.30. The company has a market cap of $271.06 million and there are 305.08 million shares in outstanding. The 52-week low of the share price is $0.64. FuelCell Energy Inc has dropped -1.28% during the last 3-month period. Year-to-Date the stock performance stands at -42.31%. The stock price is expected to reach $2.51 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $3.00 while the lower estimate is at $1.75. On Nov 4, 2014, the shares registered one year high at $2.30 and the one year low was seen on Aug 24, 2015. The 50-Friday Moving Average price is $0.85 and the 200 Friday Moving Average price is recorded at $1.00. FuelCell Energy Inc (NASDAQ:FCEL) a worldwide leader in the design, manufacture, operation and service of ultra‐clean, efficient and reliable fuel cell power plants, declared the completion of awards from the U.S. Department of Energy regarding four previously disclosed projects, including carbon capture utilizing a carbonate fuel cell power plant and three projects related to the commercialization of solid oxide fuel cell technology. These four projects add almost $24 million to backlog in the 4thquarter of 2015, which excludes cost share obligations.
Citizens Financial Group Inc (NYSE:CFG) traded down -1.28% during trading on Friday, hitting $23.22. The stock had a trading volume of 4.21 million shares. The firm has a 50 Friday moving average of $23.84 and a 200-Friday moving average of $25.78. The stock has a market cap of $12.25 billion and a price-to-earnings ratio of 16.24. Citizens Financial Group Inc has dropped -16.63% during the last 3-month period. Year-to-Date the stock performance stands at -5.48%. The stock price is expected to reach $27.66 in the short term. The number of analysts agreeing with this consensus is 19. The higher estimate for the short term price target is at $33.00 while the lower estimate is at $24.00. On Jun 8, 2015, the shares registered one year high at $28.71 and the one year low was seen on Aug 24, 2015. Citizens Financial Group Inc (NYSE:CFG) is one of the nation’s oldest and largest financial institutions, with $137.3 billion in assets as of June 30, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad variety of retail and commercial banking products and services to individuals, small businesses, middle‐market companies, large corporations and institutions, reported its plans to release 3rdquarter 2015 results on, October 23 at 7:00 am ET. The news release will be available at