Thank Alcoa and Chevron for These Dow Losers

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.

The Dow Jones Industrial Average (INDEX: ^DJI  ) wasn't feeling good today. After Alcoa's (NYSE: AA  ) so-so earnings report and Chevron's (NYSE: CVX  ) announcement that third-quarter earnings will be much lower than previously expected, the Dow dropped by more than 128 points during today's session. These two companies had a major effect on the markets and dragged a number of other companies lower. Three other organizations that moved lower based on the negative comments made were Boeing (NYSE: BA  ) , Caterpillar (NYSE: CAT  ) , and ExxonMobil (NYSE: XOM  ) .

So why are they down?
On a day when Boeing shareholders received good news from Europe that the BAE and EADS merger fell through, the stock still slid lower by 0.42%. The aircraft manufacturer even received favorable news from the Alcoa earnings release after the aluminum company stated that it is seeing growth in the aerospace market.

Caterpillar saw its shares slide today after Alcoa stated, "In the heavy truck and trailer market, Alcoa is lowering 2012 growth expectations in anticipation of a slowdown across all major regions." Caterpillar traded lower by 1.88% at the closing bell. The equipment manufacturer will report its third-quarter earnings on Oct. 22.

One company that wasn't affected by Alcoa, ExxonMobil saw its shares decline after its competitor, Chevron, warned investors that its third-quarter earnings will be substantially lower than previously expected. Two items that Chevron claimed as the cause of lower earnings that will also affect Exxon where lower oil prices and Hurricane Issac. While Chevron saw its shares decline 4.18%, Exxon experienced a much milder drop of 1.19%.

Foolishly thinking
While we all know that Chevron's and Exxon's earnings are affected by the price of oil, our analyst have found 3 other companies that profit big time when oil trades over $100 a barrel. To find out who they are, simply click here.

Matt Thalman owns no shares of any company mentioned above. The Motley Fool owns shares of Exxon Mobil. Motley Fool newsletter services have recommended buying shares of Chevron. 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: 2052651, ~/Articles/ArticleHandler.aspx, 10/26/2016 2:13:27 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 4 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

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

10/25/2016 4:34 PM
^DJI $18169.27 Down -53.76 -0.30%
AA $27.29 Up +0.43 +1.60%
Alcoa CAPS Rating: ***
BA $139.02 Up +1.57 +1.14%
Boeing CAPS Rating: ****
CAT $84.48 Down -1.51 -1.76%
Caterpillar CAPS Rating: ***
CVX $100.77 Up +0.11 +0.11%
Chevron CAPS Rating: ****
XOM $86.72 Down -0.19 -0.22%
ExxonMobil CAPS Rating: ****