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Wall Street Advances Tuesday

U.S. stocks were in the green on Tuesday, amid strong earnings reported from several banks. The Dow Jones Industrial Average gained 0.89% to 27,024, the S&P 500 index jumped 1.00% to 2,996, and the Nasdaq Composite Index advanced 1.24% to 8,148.

Shares of Johnson & Johnson (NYSE:JNJ) jumped more than 1.5% on Tuesday, after the company announces third quarter results. The company posted earnings of $2.12 per share, on $20.73 billion on revenues. The company beat earnings estimates by 11 cents and $590 million in revenues.


Consumer worldwide operational sales rose 1.3% driven by Neutrogena beauty products and over-the-counter products including Tylenol analgesics, international upper respiratory products and digestive health products.

"As we look ahead, we remain confident in the strength of our broad-based business model, which is fueled by our disciplined portfolio management, focus on transformational innovation and dedicated employees around the world who position us for success today and well into the future," said Alex Gorsky, Chairman and CEO.

Looking ahead the full 2019 year, the company expects adjusted earnings per share between $8.62 and $8.67.

Johnson & Johnson shares gained more than 1% in a year-to-date basis, while the S&P 500's advanced more than 18%.

During the quarter that ended June 30, Jim Simons (Trades, Portfolio) established a new position with 44,488 shares.

Jim Simons (Trades, Portfolio) boosted his holdings by 145% to 4,341,162 shares and Mario Gabelli (Trades, Portfolio) added to his position by 11% to 161,849 shares, while Tweedy Browne (Trades, Portfolio) reduced by 0.5% to 2,046,979 shares.

Gainers:

o Anthem Inc (NYSE:ANTM) +6%

o Cigna Corp (NYSE:CI) +5.7%

o NVIDIA Corp (NASDAQ:NVDA) + 5.3%

o Humana Inc (NYSE:HUM) +4.8%

o Micron Technology Inc (NASDAQ:MU) +3.6%

Losers:

o Cimarex Energy Co (NYSE:XEC) -2.6%

o Conagra Brands Inc (NYSE:CAG) -2.6%

o Procter & Gamble Co (NYSE:PG) -2.4%

o Hess Corp (NYSE:HES) -1.6%

o News Corp (NASDAQ:NWS) -1.2%

Global Markets

The main European stock markets traded mostly in the green. The U.K.'s FTSE 100 dipped 0.03%, France's CAC 40 gained 1.04%, Germany's Dax jumped 1.15% and Spain's Ibex 35 advanced 1.19%.

In Asia, Japan's Nikkei 225 gained 1.87%, India's BSE Sensex rose 0.76%, Hong Kong's Hang Seng reduced 0.07% and China's Shanghai Composite slid 0.56%.

Disclosure: The author holds no positions in any stocks mentioned.

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This article first appeared on GuruFocus.