Slideshow January Effect: 5 Best-Performing Dow Stocks

Published
  • January 31 2012, 8:27pm EST
6 Images Total

January Effect: 5 Best-Performing Dow Stocks

They call it the “January Effect.”

Whether it’s the by-product of those Wall Street guys reinvesting their legendary year-end bonuses or individual investors jumping back into the market after selling for year-end tax reasons, the Dow Jones Industrial Average historically gets a nice little (and sometimes huge) bump during the first month of the year.

This January was no exception.

The Dow rallied up 415.35 points, or 3.4%, this January – the best January percentage gain since 1997.

Here’s an interactive slide show highlighting the 5 best-performing Dow component stocks for January 2012:

1. Bank of America (NYSE: BAC)<br><br>

Closing price on Dec. 30: $5.56


Closing price on Jan. 31: $7.13


Percentage gain: +28.2%


2011 Performance Ranking (Out of 30): 30th, -58.3%

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2. Caterpillar (NYSE: CAT)<br><br>

Closing price on Dec. 30: $90.60


Closing price on Jan. 31: $109.12


Percentage gain: +20.4%


2011 Performance Ranking (Out of 30): 21st, -3.3%

3. Alcoa (NYSE: AA)<br><br>

Closing price on Dec. 30: $8.65


Closing price on Jan. 31: $10.16


Percentage gain: +17.5%


2011 Performance Ranking (Out of 30): 29th, -43.8%

4. Microsoft (NASDAQ: MSFT)<br><br>

Closing price on Dec. 30: $25.96


Closing price on Jan. 31: $29.53


Percentage gain: +13.8%


2011 Performance Ranking (Out of 30): 23rd, -7.0%

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5. JPMorgan Chase & Co. (NYSE: JPM)<br><br>

Closing price on Dec. 30: $33.25


Closing price on Jan. 31: $37.30


Percentage gain: +12.2%


2011 Performance Ranking (Out of 30): 27th, -21.6%


Also see:


January Defect: 5 Worst-Performing Dow Stocks


The 10 Best-Performing Dow Stocks of 2011


The 10 Worst-Performing Dow Stocks of 2011