Cognizant Technology Hits 52-Week High

In addition to the record earnings from Wells Fargo ($WFC), more good Buy List news is that Cognizant Technology ($CTSH) is at a new high this morning thanks to strong earnings from one its rivals. Generally, good news from one stock in a sector helps everyone in the sector. Infosys (INFY) beat earnings expectations and the shares are currently up 17% today. CTSH is up about 4% and it’s due to report earnings in another month.

In other Buy List news, Ford Motor ($F) announced that it’s hiring 2,200 white collar workers. This is the biggest such increase in over a decade. The stock broke $14 this morning. The last time Ford was over $14 was July 7, 2011.

Posted by on January 11th, 2013 at 11:06 am


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