These Stocks Are Defying the Dow's Drop

At the halfway point of the trading day, the Dow Jones Industrial Average (INDEX: ^DJI  ) was down 34 points (-0.26%) to 13,308. The S&P 500 (INDEX: ^GSPC  ) was down four points (-0.27%) to 1,429.

Today's small drop follows Friday's plunge, which was triggered when General Electric, McDonald's, and Microsoft all missed earnings expectations. Earnings season is in full swing now, with giants Facebook, Apple, Amazon.com, and Hewlett-Packard all reporting earnings this week.

A few stocks are up today, shining through the Dow's gloom.

Today's Dow leaders
Today's Dow leader is Caterpillar (NYSE: CAT  ) , up 1.47% ($1.23) to $85.09. Caterpillar reported earnings that beat analyst estimates this morning. The heavy-equipment manufacturer reported earnings of $2.54 per share, 50% greater than last year's $1.71 and better than analyst expectations of $2.22 per share. The company reported revenue of $16.45 billion, 4.5% above last year's $15.72 billion but below analyst expectations of $16.8 billion. Fool analyst John Maxfield sees three important takeaways from Caterpillars earnings. Click here for his take.

Second for the day is Bank of America (NYSE: BAC  ) , up 0.95% ($0.09) to $9.53. Bank of America reported mediocre earnings on Thursday. However, the bank finally gave analysts guidance on how much it will likely lose from having to buy back soured loans. The figure of $6 billion is far rosier than scenarios analysts had been talking about. With the figure finally known, 5 Fool analysts recently gave their take on whether or not Bank of America is a buy. Click here to see what they had to say.

Get in the know
To learn more about the most-talked-about bank out there, check out our in-depth company report on Bank of America. The report details Bank of America's prospects, including three reasons to buy and three reasons to sell. Just click here to get access.

Dan Dzombak can be found on his Facebook page, he holds no position in any company mentioned. Click here and like his Facebook page to follow his investing articles. 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 (0) | Recommend This Article (0)

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.

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: 2068827, ~/Articles/ArticleHandler.aspx, 10/26/2014 5:32:01 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...


Advertisement