3 Dow Stocks Falling Today

As of 12:45 p.m. EDT, the Dow Jones Industrial Average (INDEX: ^DJI  ) is currently trading slightly lower for the day. At 13,304, the index is down 2.01 points, or 0.02%. Fifteen of the 30 companies which make up the Dow are lower on the day. The three biggest losers today are Intel (Nasdaq: INTC  ) , Boeing (NYSE: BA  ) , and 3M (NYSE: MMM  ) , trading lower by 3.3%, 1.76%, and 1.47% respectively.

Why?
Last Friday, Intel cut both its revenue guidance and its expected margins. Shares of the chip makers traded lower in the morning but closed Friday slightly higher for the day. Today, following the company's forecasts, Japanese brokerage Nomura Holdings stated concerns with notebook shipments and decelerating global PC demand. Fool tech analyst Evan Nui also has similar concerns with Intel, as its PC business makes up almost two-thirds of the company's revenue.

Aircraft maker Boeing is also feeling the heat today. Much like its airliner clients, Boeing has found itself in a tough negotiation with the union. In Seattle, 23,000 engineers with a contract due to expire Oct. 6 can't come to an agreement with Boeing over a number of issues. The largest disagreement is related to switching workers to a 401(k)-style retirement program, rather than a pension. With the deadline fast approaching, investors are worried, which is always the case when huge unknowns loom.

Lastly, conglomerate 3M is shedding weight today after announcing it will unveil a new coating for solar panels that will help keep the outer surface cleaner for a longer period of time. Cleaner panels increase the wattage produced by each cell and lower maintenance costs. The product has been lab- and field-tested, and the company believes customers will experience promised results in real-world conditions. After only half the trading day had passed, more than 3.2 million shares had traded hands, while the average volume is only 2.7 million. With increased volume and no bad news pertaining to the company, there is a strong chance that the stock price decline is being caused by a large institutional investor dumping shares.

Moving forward
3M shareholders have nothing to worry about today and should sit tight. Boeing investors should keep a close eye on the union negotiations during the next few weeks. A strike will really hurt future revenue and, ultimately, the share price. A number of analysts are now showing concern over Intel's future, and investors should start deciding whether to buy, sell, or hold. Check out this free premium research report, which will help you make the best decision on Intel. Click here.

Fool contributor Matt Thalman does not own shares of any of the companies mentioned above. The Motley Fool owns shares of Intel. Motley Fool newsletter services have recommended buying shares of 3M and Intel. Motley Fool newsletter services have recommended creating a diagonal call position in 3M. The Motley Fool has a disclosure policy.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.


Read/Post Comments (1) | Recommend This Article (7)

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.

  • Report this Comment On September 10, 2012, at 2:48 PM, WhiteHatBobby wrote:

    If Boeing has problems in Washington, watch for management to make another push for the Charleston plant to expand. And that has been the bugaboo for the Obama Administration. They don't like Charleston, and they want it shut down. The President is in bed with the unions.

Add your comment.

DocumentId: 2011680, ~/Articles/ArticleHandler.aspx, 4/20/2014 3:38:58 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...


Advertisement