January 14, 2012
The Dow Jones Industrial Average (INDEX: ^DJI ) didn't move much this week, ending up just 62 points, or about 0.5%. The S&P 500 (INDEX: ^GSPC ) also didn't see any huge moves but managed to gain 0.88% on the week, while the Nasdaq booked a larger gain of 1.36%.
Despite the slight advances in all of the major indices this week, there were some companies that weren't quite so lucky.
|Walt Disney (NYSE: DIS )
|Coca-Cola (NYSE: KO )
|Chevron (NYSE: CVX )
Walt Disney was the biggest loser this week of the 30 Dow companies, declining 3.8%. Disney announced a 10-year multiplatform distribution deal with Comcast last week, but some investors have been concerned after Disney's ESPN subsidiary posted the lowest rating for a college football championship game since 2005.
Coca-Cola was the second biggest loser of the Dow for the week. UBS downgraded both Coca-Cola and PepsiCo from buy to neutral, citing currency trends and a strengthening dollar. UBS said it is also concerned about Coca-Cola's slowing growth in sales volumes and its high valuation. The company has declined more than 4% on the year.
Chevron also had a rough week, ending down 2% after the company cautioned shareholders that its fourth-quarter earnings could be "significantly below" those from Q3. Chevron released a statement saying, "Lower margins and refinery input volumes, and the absence of an asset sale gain are expected to reduce downstream earnings significantly compared to third quarter results." Investors will find out just how much Q4 earnings will fall when Chevron releases earnings on Jan. 27.
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