These Dow Stocks Soared on a Down Day

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The stock market fell out of the gate this morning, but throughout the day, it has done its best to climb back. Uninspiring housing data has some people worried that a mild winter in the eastern U.S. has merely pushed spring activity forward rather than creating any lasting increase in demand, and overseas, the same economic challenges still face nations around the world. Nevertheless, the Dow Jones Industrials (INDEX: ^DJI  ) recovered from triple-digit losses to finish down just 69 points at 13,170. The S&P 500 (INDEX: ^GSPC  ) ended down four points, to 1,406.

But some Dow stocks pushed higher early and never looked back. Let's look at a few of them.

Bank of America (NYSE: BAC  ) , up 2.8%
It's been an odd couple of days for B of A. Yesterday, even as most banks traded higher, B of A shares fell sharply in what some saw as merely a short pause in the bank's long bull run. Today, the company is back among the Dow's leaders.

One reason may be that the bank denied rumors that B of A might do a secondary stock offering to raise capital. Along with AIG and Morgan Stanley, Bank of America issued new bonds recently to take advantage of low rates. As long as capital markets continue to function, B of A should be able to meet its financing needs without resorting to a dilutive stock offering.

Cisco Systems (Nasdaq: CSCO  ) , up 2.1%
Integrating all the new electronic devices out there may be a thankless task, but it's a profitable one for Cisco. Today, the company announced its intent to help businesses deal with the personal mobile devices their employees use all the time. By balancing security and privacy, the initiative could help companies make their workers more productive without leaving themselves open to attacks.

Longer-term, though, the danger Cisco faces is trying to do too many things at once. Fool tech analyst Eric Bleeker took Cisco to task for its purchase of NDS, as it threatens to take the company's focus off its core business -- which is one that should be sufficient to produce huge profits for investors for years.

Home Depot (NYSE: HD  ) , up 1.1%
With weak data on housing starts, you might think that home-improvement company Home Depot would be down today. But permits were on the rise, suggesting that the lull could be temporary.

More importantly, it's important to remember that Home Depot gets business not just from construction, but also from renovation. So even if new-home-related data is weak, what Home Depot needs is activity in any portion of the housing market. As long as it gets that, Home Depot looks poised to continue its recent gains.

Go soaring
Up or down, the overall market contains plenty of promising stocks that will deliver strong long-term performance. Learn more by checking out the Motley Fool's latest special report on retirement, which highlights three promising stock picks for retirement investors. But don't wait -- get your free report today, while it's still available.

Fool contributor Dan Caplinger doesn't own shares of any companies mentioned. You can follow him on Twitter here. The Motley Fool owns shares of Cisco Systems and Bank of America. Motley Fool newsletter services have recommended buying shares of Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (8)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1831421, ~/Articles/ArticleHandler.aspx, 10/23/2016 8:28:36 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
^GSPC $2141.16 Down -0.18 -0.01%
S&P 500 INDEX CAPS Rating: No stars
BAC $16.67 Up +0.11 +0.66%
Bank of America CAPS Rating: ****
CSCO $30.15 Down -0.01 -0.03%
Cisco Systems CAPS Rating: ****
HD $126.60 Up +0.35 +0.28%
Home Depot CAPS Rating: ****