The Home Depot, Inc. (HD), Pfizer Inc. (PFE), JPMorgan Chase & Co. (JPM): These 3 Stocks Are Leading the Dow (.DJI) as QE3 Continues

Second for the Dow today is Pfizer Inc. (NYSE:PFE), up 2.6%. In February Pfizer Inc. (NYSE:PFE) launched an IPO for 20% of Zoetis, its former animal-health division. Today Pfizer Inc. (NYSE:PFE) announced that on June 19 it would spin off to shareholders its remaining 80% stake in Zoetis. Instead of getting a normal spin-off, investors will be able to exchange Pfizer Inc. (NYSE:PFE)shares for Zoetis shares at a 7% discount. This means that investors who want to keep Pfizer Inc. (NYSE:PFE) stock and have no interest in Zoetis stock will be able to stick with the dividend-paying giant.

JPMorgan Chase & Co. (NYSE:JPM) takes third place in the blue-chip index today, up 2.2%. JPMorgan Chase stock was also up big yesterday after a motion to split the CEO and chairman roles failed to pass the shareholder vote at the company’s annual meeting. Investors had been concerned that Jamie Dimon would leave the bank if he was forced to drop one of his roles. With Dimon now on board for certain, the major factors holding back the stock are gone — yet JPMorgan Chase & Co. (NYSE:JPM) is not out of the woods yet. The company still has to deal with continuing fallout from the “London Whale” scandal, a new robosigning lawsuit, and continued regulatory pressure.

The article These 3 Stocks Are Leading the Dow as QE3 Continues originally appeared on Fool.com.

Dan Dzombak can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. He has no position in any stocks mentioned. The Motley Fool recommends Home Depot. The Motley Fool owns shares of JPMorgan Chase.

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