The Coca-Cola Company (KO), The Procter & Gamble Company (PG): Cyprus Rejects Bailout Terms, Dow Closes Higher

Another consumer staple that rose today was The Procter & Gamble Company (NYSE:PG). Shares were also up more than 1%. That may not seem like a big move, but for Procter & Gamble, that’s a massive one-day jump. Some analysts are claiming the move to safety caused the jump, but others have pointed out that Procter & Gamble recently announced a major capital investment in Africa. In the past, analysts have cited a lack of foreign expansion as reasons to hold off on the stock, so this move could help sway some opinions of The Procter & Gamble Company (NYSE:PG)’s future.

Another 1% gainer today was Hewlett-Packard Company (NYSE:HPQ), whose shares rose 1.23%. The company is in the midst of a turnaround, and investors have been continuously pouring into the stock since the beginning of the year. Shares have risen more than 62% year to date, making HP the best-performing Dow component in 2013 by a wide margin. The next top Dow stock was Travelers, which is up 15.83% year to date during a time when the index itself has only risen 10.31% this year.

The article Cyprus Rejects Bailout Terms, Dow Closes Higher originally appeared on Fool.com.

Fool contributor Matt Thalman has no position in any stocks mentioned. The Motley Fool recommends Coca-Cola and Procter & Gamble. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day and every Saturday for a weekly recap. Follow Matt on Twitter @mthalman5513.

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