2 Blue-Chip Stocks Making Noise Today

Despite a quieter week now upon us, there is always something to talk about. Catch up with us on what’s driving the conversation today in the biggest trends on Wall Street.

Insured and Profitable

• Those who ride with State Farm as their auto insurance provider could be on the receiving end of a one-time cash dividend valued upwardly at $5 billion.
• Although its unclear if this is directly related, publicly traded sector peer Travelers Companies Inc (NYSE:TRV) is up 1.3% this morning, pivoting higher after yesterday logging its sixth loss in seven sessions.

Nike Stock Runs Downhill

• Nike Inc (NYSE:NKE) is taking a breather off yesterday's 4% selloff that culminated in a 12-year low of $38.86. The shares breached support at $40, with overhead pressure maintained at the 80-day moving average.
• The blue-chip has been an avid underperformer on the monthly chart going back to 2021.

Another Blue Chip Making Noise

• Home Depot Inc (NYSE:HD) is up 1.1% today, after the home improvement giant posted a second-quarter earnings and revenue beat.
• Coming in at $4.92 per share on $47.86 billion in revenue, the company cited repair-and-maintenance projects as its offset for what has become a slowing housing market. Despite the upbeat report, HD is still below its year-to-date breakeven level today.