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Philip van Doorn

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Aug. 14, 2019, 8:04 a.m. EDT

These stocks rose the most as Trump backed off (a bit) from tariffs

Apple leads a broad stock market rally as investors breathe a sigh of relief

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By Philip van Doorn, MarketWatch


Getty Images
Apple CEO Tim Cook. Shares of Apple rose more than 4% on Aug. 13.

U.S. stocks staged a broad rally Tuesday as the tone of the U.S.-China trade conflict changed, at least temporarily.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.21%  ended with a gain of 373 points (up 1.4%), trimming an earlier rise of as much as 520 points (2%). The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.0041%  fared even better, jumping 1.5%, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.61%  was strongest of all, with a 2% increase.

The price action followed an announcement by the office of the U.S. Trade Representative that some tariffs the U.S. had planned to place on imports from China on Sept. 1 would be delayed until Dec. 15 and that some tariffs would be removed entirely. President Trump also talked about a “very good call with China.”

Apple /zigman2/quotes/202934861/composite AAPL +2.07% led the Dow 30, with the shares rising 4.2%. The delay of tariffs for several categories of electronics removed “a major near-term dark cloud” for the company, ahead of the launch of three new iPhone models expected in September, Wedbush analyst Daniel Ives wrote in a note to clients.

Related investment coverage:

• Here’s how to play the trade war with ETFs

• These are the Chinese stocks analysts say you should buy

• How Hong Kong clashes could wallop the U.S. stock market

The Dow 30

All but two of the 30 components of the Dow Jones Industrial Average had gains Tuesday:

Company Ticker Price change - Aug. 13, 2019 Price change - 2019 Decline from 52-week high
Apple Inc. /zigman2/quotes/202934861/composite AAPL 4.2% 32.4% -10.5%
Intel Corp. /zigman2/quotes/203649727/composite INTC 2.9% -0.1% -21.3%
Dow Inc. /zigman2/quotes/203121064/composite DOW 2.5% #N/A -22.6%
UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH 2.5% 0.0% -13.4%
Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO 2.2% 21.5% -9.6%
Walmart Inc. /zigman2/quotes/207374728/composite WMT 2.0% 15.3% -7.0%
Nike Inc. Class B /zigman2/quotes/203439053/composite NKE 2.0% 12.3% -7.5%
Microsoft Corp. /zigman2/quotes/207732364/composite MSFT 2.0% 36.3% -2.3%
Walgreens Boots Alliance Inc. /zigman2/quotes/203410933/composite WBA 1.9% -22.4% -38.6%
Caterpillar Inc. /zigman2/quotes/203434128/composite CAT 1.9% -6.4% -25.4%
American Express Co. /zigman2/quotes/203805826/composite AXP 1.8% 32.4% -2.4%
3M Co. /zigman2/quotes/205029460/composite MMM 1.6% -13.5% -25.0%
Travelers Companies Inc. /zigman2/quotes/206313935/composite TRV 1.3% 23.8% -4.4%
JPMorgan Chase & Co. /zigman2/quotes/205971034/composite JPM 1.3% 11.8% -8.5%
Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS 1.2% 22.1% -16.8%
Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM 1.2% 3.3% -19.4%
Visa Inc. Class A /zigman2/quotes/203660239/composite V 1.1% 35.2% -3.1%
International Business Machines Corp. /zigman2/quotes/203856914/composite IBM 1.1% 19.3% -12.1%
McDonald's Corp. /zigman2/quotes/203508018/composite MCD 1.1% 23.7% -1.1%
Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ 1.1% 0.2% -8.5%
Johnson & Johnson /zigman2/quotes/201724570/composite JNJ 1.1% 3.3% -10.5%
Procter & Gamble Co. /zigman2/quotes/202894679/composite PG 0.9% 27.4% -3.8%
Walt Disney Co. /zigman2/quotes/203410047/composite DIS 0.8% 24.8% -7.0%
Chevron Corp. /zigman2/quotes/205871374/composite CVX 0.9% 12.7% -3.9%
Home Depot Inc. /zigman2/quotes/208081807/composite HD 0.6% 21.2% -5.0%
United Technologies Corp. 0.6% 20.9% -10.8%
Coca-Cola Co. /zigman2/quotes/209159848/composite KO 0.6% 12.9% -2.5%
Merck & Co. Inc. /zigman2/quotes/209956077/composite MRK 0.5% 12.7% -1.1%
Boeing Co. /zigman2/quotes/208579720/composite BA -0.1% 3.1% -25.4%
Pfizer Inc. /zigman2/quotes/202877789/composite PFE -0.6% -19.4% -24.3%
Source: FactSet

You can click on the tickers for more about each company.

S&P 500

Here are the 10 best performers among the S&P 500 on Tuesday:

Company Ticker Price change - Aug. 13, 2019 Price change - 2019 Decline from 52-week high
Symantec Corp. 6.6% 22.2% -11.4%
Best Buy Co. Inc. /zigman2/quotes/205918291/composite BBY 6.3% 34.4% -15.6%
Micron Technology Inc. /zigman2/quotes/205710729/composite MU 4.7% 39.0% -17.8%
Lam Research Corp. /zigman2/quotes/208077897/composite LRCX 4.7% 50.9% -5.9%
WestRock Co. /zigman2/quotes/202346656/composite WRK 4.3% -8.3% -39.5%
Apple Inc. /zigman2/quotes/202934861/composite AAPL 4.2% 32.4% -10.5%
Freeport-McMoRan Inc. /zigman2/quotes/200215692/composite FCX 4.1% -3.8% -35.0%
International Paper Co. /zigman2/quotes/200533549/composite IP 4.0% -0.7% -27.1%
Dollar Tree Inc. /zigman2/quotes/203712248/composite DLTR 3.8% 4.6% -16.6%
Centene Corp. /zigman2/quotes/208900023/composite CNC 3.9% -13.6% -33.1%
Source: FactSet

Nasdaq

Here are the 10 components of the Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX +0.52%  that rose the most for the day :

Company Ticker Price change - Aug. 13, 2019 Price change - 2019 Decline from 52-week high
JD.com Inc. ADR Class A /zigman2/quotes/205122565/composite JD 12.8% 46.4% -14.6%
NetEase Inc. ADR /zigman2/quotes/201683625/composite NTES 10.8% 10.7% -10.1%
Symantec Corp. 6.6% 22.2% -11.4%
Lam Research Corp. /zigman2/quotes/208077897/composite LRCX 4.7% 50.9% -5.9%
Micron Technology Inc. /zigman2/quotes/205710729/composite MU 4.7% 39.0% -17.8%
Apple Inc. /zigman2/quotes/202934861/composite AAPL 4.2% 32.4% -10.5%
NXP Semiconductors NV /zigman2/quotes/202999625/composite NXPI 4.0% 39.4% -5.9%
Dollar Tree Inc. /zigman2/quotes/203712248/composite DLTR 3.8% 4.6% -16.6%
Analog Devices Inc. /zigman2/quotes/201631938/composite ADI 3.5% 31.4% -9.6%
Microchip Technology Inc. /zigman2/quotes/208326291/composite MCHP 3.4% 25.5% -10.9%

Don’t miss: Here’s a real contrarian play to take advantage of other investors’ fear

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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,919.09
-57.75 -0.21%
Volume: 225.75M
Aug. 13, 2020 2:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,380.21
-0.14 -0.0041%
Volume: 1.13B
Aug. 13, 2020 2:00p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,079.07
+66.83 +0.61%
Volume: 2.07M
Aug. 13, 2020 2:00p
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 461.40
+9.36 +2.07%
Volume: 34.38M
Aug. 13, 2020 2:00p
P/E Ratio
35.09
Dividend Yield
0.71%
Market Cap
$1932.76 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 461.40
+9.36 +2.07%
Volume: 34.38M
Aug. 13, 2020 2:00p
P/E Ratio
35.09
Dividend Yield
0.71%
Market Cap
$1932.76 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 48.70
-0.49 -0.99%
Volume: 12.92M
Aug. 13, 2020 2:00p
P/E Ratio
8.97
Dividend Yield
2.71%
Market Cap
$209.21 billion
Rev. per Employee
$659,665
loading...
/zigman2/quotes/203121064/composite
US : U.S.: NYSE
$ 44.68
+0.40 +0.90%
Volume: 1.50M
Aug. 13, 2020 2:00p
P/E Ratio
N/A
Dividend Yield
6.28%
Market Cap
$32.82 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 320.08
-2.19 -0.68%
Volume: 935,347
Aug. 13, 2020 2:00p
P/E Ratio
17.97
Dividend Yield
1.56%
Market Cap
$306.26 billion
Rev. per Employee
$754,157
loading...
/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 42.69
-5.41 -11.26%
Volume: 64.14M
Aug. 13, 2020 2:00p
P/E Ratio
16.20
Dividend Yield
3.38%
Market Cap
$203.09 billion
Rev. per Employee
$684,933
loading...
/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 131.86
+0.50 +0.38%
Volume: 3.60M
Aug. 13, 2020 2:00p
P/E Ratio
25.08
Dividend Yield
1.64%
Market Cap
$373.51 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 106.91
+1.69 +1.61%
Volume: 2.29M
Aug. 13, 2020 2:00p
P/E Ratio
67.58
Dividend Yield
0.92%
Market Cap
$164.13 billion
Rev. per Employee
$529,466
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 209.62
+0.43 +0.21%
Volume: 13.75M
Aug. 13, 2020 2:00p
P/E Ratio
36.43
Dividend Yield
0.97%
Market Cap
$1583.08 billion
Rev. per Employee
$902,473
loading...
/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 41.15
-0.67 -1.61%
Volume: 2.56M
Aug. 13, 2020 2:00p
P/E Ratio
50.39
Dividend Yield
4.55%
Market Cap
$36.24 billion
Rev. per Employee
$380,198
loading...
/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 141.12
-1.45 -1.02%
Volume: 1.52M
Aug. 13, 2020 2:00p
P/E Ratio
18.91
Dividend Yield
2.92%
Market Cap
$77.20 billion
Rev. per Employee
$526,173
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 100.26
-1.42 -1.40%
Volume: 1.28M
Aug. 13, 2020 2:00p
P/E Ratio
20.75
Dividend Yield
1.72%
Market Cap
$81.87 billion
Rev. per Employee
$733,559
loading...
/zigman2/quotes/205029460/composite
US : U.S.: NYSE
$ 166.11
+1.84 +1.12%
Volume: 1.82M
Aug. 13, 2020 2:00p
P/E Ratio
18.79
Dividend Yield
3.55%
Market Cap
$94.62 billion
Rev. per Employee
$350,368
loading...
/zigman2/quotes/206313935/composite
US : U.S.: NYSE
$ 119.21
+0.35 +0.29%
Volume: 404,067
Aug. 13, 2020 2:00p
P/E Ratio
17.01
Dividend Yield
2.85%
Market Cap
$30.09 billion
Rev. per Employee
$996,151
loading...
/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 102.13
-0.81 -0.78%
Volume: 8.68M
Aug. 13, 2020 2:00p
P/E Ratio
13.77
Dividend Yield
3.52%
Market Cap
$313.72 billion
Rev. per Employee
$497,647
loading...
/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 208.77
-3.36 -1.58%
Volume: 1.32M
Aug. 13, 2020 2:00p
P/E Ratio
15.85
Dividend Yield
2.40%
Market Cap
$72.99 billion
Rev. per Employee
$1.34M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 43.19
-0.91 -2.05%
Volume: 9.59M
Aug. 13, 2020 2:00p
P/E Ratio
25.75
Dividend Yield
8.05%
Market Cap
$186.42 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/203660239/composite
US : U.S.: NYSE
$ 197.85
-0.59 -0.30%
Volume: 4.05M
Aug. 13, 2020 2:00p
P/E Ratio
38.64
Dividend Yield
0.61%
Market Cap
$422.89 billion
Rev. per Employee
$1.25M
loading...
/zigman2/quotes/203856914/composite
US : U.S.: NYSE
$ 125.15
-1.55 -1.22%
Volume: 1.80M
Aug. 13, 2020 2:00p
P/E Ratio
14.21
Dividend Yield
5.21%
Market Cap
$112.84 billion
Rev. per Employee
$208,845
loading...
/zigman2/quotes/203508018/composite
US : U.S.: NYSE
$ 206.55
+0.53 +0.26%
Volume: 951,375
Aug. 13, 2020 2:00p
P/E Ratio
32.72
Dividend Yield
2.42%
Market Cap
$153.30 billion
Rev. per Employee
$100,120
loading...
/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 58.50
-0.10 -0.18%
Volume: 4.01M
Aug. 13, 2020 2:00p
P/E Ratio
12.66
Dividend Yield
4.20%
Market Cap
$242.49 billion
Rev. per Employee
$905,626
loading...
/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 148.40
-1.26 -0.84%
Volume: 2.71M
Aug. 13, 2020 2:00p
P/E Ratio
26.10
Dividend Yield
2.72%
Market Cap
$394.03 billion
Rev. per Employee
$603,509
loading...
/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 135.60
+0.14 +0.10%
Volume: 2.41M
Aug. 13, 2020 2:00p
P/E Ratio
27.32
Dividend Yield
2.33%
Market Cap
$336.77 billion
Rev. per Employee
$727,304
loading...
/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 131.12
-0.67 -0.51%
Volume: 3.77M
Aug. 13, 2020 2:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$238.15 billion
Rev. per Employee
$295,532
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 90.26
-0.46 -0.51%
Volume: 3.89M
Aug. 13, 2020 2:00p
P/E Ratio
N/A
Dividend Yield
5.70%
Market Cap
$169.40 billion
Rev. per Employee
$3.27M
loading...
/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 281.88
+0.30 +0.11%
Volume: 1.26M
Aug. 13, 2020 2:00p
P/E Ratio
28.02
Dividend Yield
2.13%
Market Cap
$302.85 billion
Rev. per Employee
$261,993
loading...
/zigman2/quotes/209159848/composite
US : U.S.: NYSE
$ 48.69
+0.26 +0.54%
Volume: 4.68M
Aug. 13, 2020 2:00p
P/E Ratio
22.88
Dividend Yield
3.37%
Market Cap
$208.03 billion
Rev. per Employee
$506,342
loading...
/zigman2/quotes/209956077/composite
US : U.S.: NYSE
$ 82.91
+0.23 +0.28%
Volume: 2.56M
Aug. 13, 2020 2:00p
P/E Ratio
20.17
Dividend Yield
2.94%
Market Cap
$209.12 billion
Rev. per Employee
$615,159
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 174.54
-0.90 -0.51%
Volume: 17.94M
Aug. 13, 2020 2:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$99.03 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 38.02
-0.31 -0.81%
Volume: 8.14M
Aug. 13, 2020 2:00p
P/E Ratio
15.13
Dividend Yield
4.00%
Market Cap
$213.00 billion
Rev. per Employee
$580,595
loading...
/zigman2/quotes/205918291/composite
US : U.S.: NYSE
$ 108.29
+3.31 +3.15%
Volume: 1.32M
Aug. 13, 2020 2:00p
P/E Ratio
19.88
Dividend Yield
2.03%
Market Cap
$27.12 billion
Rev. per Employee
$343,032
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/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 46.33
-2.15 -4.43%
Volume: 30.03M
Aug. 13, 2020 2:00p
P/E Ratio
23.24
Dividend Yield
N/A
Market Cap
$53.86 billion
Rev. per Employee
$832,917
loading...
/zigman2/quotes/208077897/composite
US : U.S.: Nasdaq
$ 378.48
-3.05 -0.80%
Volume: 581,331
Aug. 13, 2020 2:00p
P/E Ratio
24.98
Dividend Yield
1.22%
Market Cap
$55.45 billion
Rev. per Employee
$996,856
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/zigman2/quotes/202346656/composite
US : U.S.: NYSE
$ 29.80
-0.30 -1.00%
Volume: 626,034
Aug. 13, 2020 2:00p
P/E Ratio
9.96
Dividend Yield
2.68%
Market Cap
$7.87 billion
Rev. per Employee
$370,698
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 461.40
+9.36 +2.07%
Volume: 34.38M
Aug. 13, 2020 2:00p
P/E Ratio
35.09
Dividend Yield
0.71%
Market Cap
$1932.76 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/200215692/composite
US : U.S.: NYSE
$ 13.84
-0.14 -0.97%
Volume: 7.82M
Aug. 13, 2020 2:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$20.29 billion
Rev. per Employee
$707,724
loading...
/zigman2/quotes/200533549/composite
US : U.S.: NYSE
$ 36.52
+0.31 +0.85%
Volume: 1.40M
Aug. 13, 2020 2:00p
P/E Ratio
22.84
Dividend Yield
5.59%
Market Cap
$14.43 billion
Rev. per Employee
$439,736
loading...
/zigman2/quotes/203712248/composite
US : U.S.: Nasdaq
$ 97.20
-2.01 -2.03%
Volume: 969,615
Aug. 13, 2020 2:00p
P/E Ratio
28.67
Dividend Yield
N/A
Market Cap
$23.54 billion
Rev. per Employee
$129,604
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/zigman2/quotes/208900023/composite
US : U.S.: NYSE
$ 64.62
-0.43 -0.66%
Volume: 982,939
Aug. 13, 2020 2:00p
P/E Ratio
22.59
Dividend Yield
N/A
Market Cap
$37.69 billion
Rev. per Employee
$1.27M
loading...
/zigman2/quotes/210598364/realtime
US : U.S.: Nasdaq
11,216.27
+58.55 +0.52%
Volume: 446,829
Aug. 13, 2020 2:00p
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/zigman2/quotes/205122565/composite
US : U.S.: Nasdaq
$ 62.75
-0.15 -0.24%
Volume: 5.05M
Aug. 13, 2020 2:00p
P/E Ratio
110.32
Dividend Yield
N/A
Market Cap
$95.84 billion
Rev. per Employee
$442,391
loading...
/zigman2/quotes/201683625/composite
US : U.S.: Nasdaq
$ 465.60
-8.93 -1.88%
Volume: 467,075
Aug. 13, 2020 2:00p
P/E Ratio
18.92
Dividend Yield
1.58%
Market Cap
$63.70 billion
Rev. per Employee
$559,825
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/zigman2/quotes/208077897/composite
US : U.S.: Nasdaq
$ 378.48
-3.05 -0.80%
Volume: 581,331
Aug. 13, 2020 2:00p
P/E Ratio
24.98
Dividend Yield
1.22%
Market Cap
$55.45 billion
Rev. per Employee
$996,856
loading...
/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 46.33
-2.15 -4.43%
Volume: 30.03M
Aug. 13, 2020 2:00p
P/E Ratio
23.24
Dividend Yield
N/A
Market Cap
$53.86 billion
Rev. per Employee
$832,917
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 461.40
+9.36 +2.07%
Volume: 34.38M
Aug. 13, 2020 2:00p
P/E Ratio
35.09
Dividend Yield
0.71%
Market Cap
$1932.76 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/202999625/composite
US : U.S.: Nasdaq
$ 123.55
-1.36 -1.09%
Volume: 492,551
Aug. 13, 2020 2:00p
P/E Ratio
N/A
Dividend Yield
1.22%
Market Cap
$34.88 billion
Rev. per Employee
$313,567
loading...
/zigman2/quotes/203712248/composite
US : U.S.: Nasdaq
$ 97.20
-2.01 -2.03%
Volume: 969,615
Aug. 13, 2020 2:00p
P/E Ratio
28.67
Dividend Yield
N/A
Market Cap
$23.54 billion
Rev. per Employee
$129,604
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/zigman2/quotes/201631938/composite
US : U.S.: Nasdaq
$ 118.60
-0.62 -0.52%
Volume: 1.55M
Aug. 13, 2020 2:00p
P/E Ratio
39.74
Dividend Yield
2.09%
Market Cap
$43.99 billion
Rev. per Employee
$393,887
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/zigman2/quotes/208326291/composite
US : U.S.: Nasdaq
$ 100.80
-1.29 -1.26%
Volume: 1.19M
Aug. 13, 2020 2:00p
P/E Ratio
40.28
Dividend Yield
1.46%
Market Cap
$25.77 billion
Rev. per Employee
$352,817
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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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