3 Stocks That Led the Dow This Week

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

After two weeks of stimulus-infused gains, markets took a breather this week. The Dow Jones Industrial Average (INDEX: ^DJI  ) moved just 13.9 points lower this week and the S&P 500 (INDEX: ^GSPC  ) fell 5.6 points, both a minuscule percentage loss.

Economic data didn't give much of a direction, with positive housing and somewhat disappointing employment numbers highlighting the reports of the week. But there were some big winners this week, and they come from safe stocks as investors put the "risk off" trade back on again.

Kraft (Nasdaq: KFT  ) was the week's big winner in its last week on the Dow. Kraft didn't report anything outstanding, but competitor General Mills reported a 35% increase in profit and Kraft bounced on the news. Kraft is about as safe as it gets in a risk-off trade, because even if the economy gets rough again, people can't go without food.

Pfizer (NYSE: PFE  ) rose 3% on the week, helped by an endorsement by advisors to the European Medicines Agency to approve a new anti-clotting drug. The company is has partnered with Bristol-Myers Squibb on the drug, which is catching up with two drugs that are already on the market.

Merck (NYSE: MRK  ) rose 3% as well on very little news but continues the risk-off theme. Medical stocks are being seen as a safe play as investors worry about a pullback after a nice jump in stocks over the past few weeks.

Oil was a big decliner on the commodity market, and with the black gold now hovering around $93, we can expect a bit of a breather from energy costs. Oil had hit $100 early in the week, but higher-than-anticipated inventories sent the price south. Again, there's good and bad news for the economy from higher inventories, which highlights another reason markets couldn't find a definitive direction this week.

The election and pending fiscal cliff will dominate the market over the next few months, and to prepare you, we've created a report highlighting three stocks that could skyrocket after the election. Find out more about this exciting report here.

Fool contributor Travis Hoium goes through a lot of Kraft Singles but has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw. We Fools don't 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. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (3)

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: 2027649, ~/Articles/ArticleHandler.aspx, 10/28/2016 11:56:32 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 Moments ago Sponsored by:
DOW 18,227.62 57.94 0.32%
S&P 500 2,137.76 4.72 0.22%
NASD 5,224.12 8.15 0.16%

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

10/28/2016 11:41 AM
^DJI $18227.00 Up +57.32 +0.32%
^GSPC $2137.79 Up +4.75 +0.22%
S&P 500 INDEX CAPS Rating: No stars
KRFT.DL $0.00 Down +0.00 +0.00%
Kraft Foods CAPS Rating: *****
MRK $59.38 Down -1.92 -3.12%
Merck and Co. CAPS Rating: ****
PFE $32.03 Down -0.46 -1.40%
Pfizer CAPS Rating: ****