Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Stocks Flat as Fiscal-Cliff Negotiations Stall

Stocks moved sideways today as investors weighed a new offer from the GOP on the fiscal cliff and a quick rejection from President Obama. At least the talks are moving forward and we're seeing a little bit of daylight in negotiations. In late trading, markets shrugged at the news: The Dow Jones Industrial Average (DJINDICES: ^DJI  ) is up only 0.11% as of 3:15 p.m. EST, while the S&P 500 (SNPINDEX: ^GSPC  ) is down a fraction of a point.

Hewlett-Packard (NYSE: HPQ  ) is the big winner on the Dow, climbing 4.5% today. The company is recovering from the beating it took when it wrote off most of its Autonomy purchase. Today it came out with another acquisition, announcing it would buy Digital Risk for $175 million. I still don't see this as a long-term reason to buy the company, especially with PC sales in the dumps.

Intel (NASDAQ: INTC  ) had a rare good day, rising 2.4% after announcing a debt offering. The company filed paperwork with the SEC to raise an unspecified amount of debt, which it will likely use to buy back shares. An analyst from RBC estimates that the company will raise up to $3 billion with a coupon rate of 1.5% to 2%. We still don't know exact details, but it looks like management is more bullish on the company than the market is. That's good for investors (like me) who see a lot of value in this chip stock.

For a more detailed look at the stock, check out our premium research report on Intel. Our analyst runs through all of the key topics investors should understand about the chip giant. Better yet, you'll continue to receive updates for an entire year. Click here now to learn more.

Wal-Mart (NYSE: WMT  ) is up 1.4% to come in third on the Dow. The stock goes ex-dividend tomorrow, meaning that if you own it tonight, you'll get in on the payout, which can attract investors. The problem is that the dividend is only $0.40, so there's no point in buying the dividend alone.

Gold actually fell 1.4% today on reports of short-selling in Asia. If the economy is going to struggle as we go over the fiscal cliff, I would expect gold to move higher, so this could be seen as another bullish sign for the economy.

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: 2139053, ~/Articles/ArticleHandler.aspx, 10/23/2016 6:10:56 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 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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

10/21/2016 4:00 PM
HPQ $13.80 Down -0.30 -2.13%
HP CAPS Rating: ***
INTC $35.15 Down -0.28 -0.79%
Intel CAPS Rating: ****
WMT $68.34 Down -0.39 -0.57%
Wal-Mart Stores CAPS Rating: ***