These Dow Stocks Had Abysmal Drops Today

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

If you've been on the sidelines hoping for a chance at getting in on your favorite stocks on the cheap, your chance may be here. After moving nearly straight up for months, the stock market has finally put together a meaningful pullback, with the Dow Jones Industrial Average (INDEX: ^DJI  ) finishing down for the fifth straight day. With today's 214-point drop, the Dow stands more than 4% below its multiyear high set just five trading sessions ago.

But as bad as the Dow's plunge was today, several companies did worse. Here's a look at some of them.

Bank of America (NYSE: BAC  ) , down 4.4%
B of A has had a habit of leading the market lately, whether it goes up or down. Today, though, the bank should take a back seat to some of its Spanish counterparts.

Both Banco Santander (NYSE: STD  ) and Banco Bilbao are at multiyear lows as concerns rise about the problems in Spain's economy. The Spanish government has had to pay increasingly high interest rates to finance its sovereign debt in recent auctions, reawakening new fears that the solution that helped Greece get past its critical financing moment will have to handle the much larger Spanish economy. Until the European situation gets resolved once and for all, even U.S. banks like Bank of America will have to deal with the consequences.

Caterpillar (NYSE: CAT  ) , down 3%
A company in as economically sensitive an industry as construction and mining equipment should expect volatility when the market is down sharply. But Caterpillar could be among the first companies that will benefit from a better-than-expected earnings report from Alcoa to start off the first-quarter reporting season.

Caterpillar has staked its success not only on continued strength in overseas economies but also on a U.S. recovery. If that works out, then the big run-up in the company's shares will have been completely justified. But any unexpected slowdown could have Caterpillar seeing much bigger losses than the market at large.

General Electric (NYSE: GE  ) , down 2.4%
GE also has its share of economic sensitivity. But even when the market pulls it down, the company keeps on finding ways to try to make money.

Today, GE said it will provide 288 turbines for a NextEra Energy subsidiary's wind farm in Ontario. The project, which will provide power to about 120,000 homes, is just part of GE's overarching strategy to build on its renewable-power business -- a business that has a lot of growth potential in the years and decades to come.

Climb back up
Big market plunges give you a chance to get in on the best stocks at cheap prices. Get a shopping list together by looking over The Motley Fool's special report on retirement, where you'll find three promising stock picks for investors looking for long-term opportunity. Get your free report today before it's gone forever.

Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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 (2)

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: 1859110, ~/Articles/ArticleHandler.aspx, 10/21/2016 9:19:27 AM

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 12 hours ago Sponsored by:
DOW 18,162.35 -40.27 0.00%
S&P 500 2,141.34 -2.95 0.00%
NASD 5,241.83 0.00 0.00%

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

10/20/2016 4:35 PM
^DJI $18162.35 Down -40.27 +0.00%
BAC $16.56 Down +0.00 +0.00%
Bank of America CAPS Rating: ****
CAT $86.63 Down +0.00 +0.00%
Caterpillar CAPS Rating: ***
GE $29.07 Down +0.00 +0.00%
General Electric CAPS Rating: ****
SAN $4.64 Down +0.00 +0.00%
Banco Santander Ce… CAPS Rating: *****