This is more like it. Although the week started off unhappily, it ended up with a couple of good days to wipe out a lot of the damage done in the past couple of weeks. (I have this gut feeling the week coming up will not be quite so nice.)
Most companies were up, and an increase of about 2% per company seems to have been the average. Cisco Systems (NASDAQ:CSCO) and Verizon Communications (NYSE:VZ) seemed to do particularly well, while AT&T Inc. (NYSE:T) seems stuck in the mud. Both teams are on a par with where they were three weeks ago.
The Dogs of the S&P seem to have pulled up lame. If a couple of companies hadn't paid dividends this past week (notably Frontier Communications Corp. (NYSE:FTR)), the team as a whole would have been down for total yield. Four companies are now in the negative yields, and only Pitney Bowes Inc. (NYSE:PBI) and competitor R.R. Donnelley & Sons Co. (NASDAQ:RRD) seem to be doing very good. You-know-who just keeps getting further behind; if it were possible to make substitutions, this company would be a major candidate for getting cut.
Disclosure: I am long PFE.