The Dow's Biggest Winners Today

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.

As my Fool colleague John Maxfiled noted earlier today, it is now legal to smoke cannabis in the state of Washington. Perhaps investors haven't got the memo that it's just legal in the state of Washington. With no resolution to the fiscal cliff and just 20 days left until the U.S. economy otherwise falls back into a recession, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) has not only managed to move higher for the fifth consecutive day, but it also posted a 78-point gain today.

The Index currently sits at 13,248, as it moved higher by 0.6% today. And of the 30 stocks that make up the Dow, only four of them were in the red when the bell rang. Of the 26 stocks that moved higher, three of the best performers today were Microsoft (NASDAQ: MSFT  ) , Intel (NASDAQ: INTC  ) , and 3M (NYSE: MMM  ) .

So why were they higher?
Microsoft was one of the biggest winners today, up more than 1.41%. Earlier today, Microsoft announced that it will soon sell the Surface tablet at retail locations other than just its own stores and at While Microsoft didn't give specific names, Staples (NASDAQ: SPLS  ) made it known that it will offer the Surface as soon as tomorrow.

A number of analysts, myself included, have raised concerns about poor sales numbers because of the limited access consumers have had to the Surface. Even as overall Internet sales numbers skyrocket, at the end of the day, most consumers still want to physically see and touch a product before spending upwards of $600 on it. This is a good move by Microsoft, but I still question why it took so long.

Intel was the Dow's big winner today, after the company announced a new system for making chips for mobile devices. The company has been one of the worst Dow stocks this year because it had missed the mobile revolution and no longer made the chip of choice for technology companies. Shares of Intel closed the day up 2.84%. 

3M shareholders also enjoyed gains, with the stock price ending the day higher by 1.97%. Yesterday, the company announced it will hold a conference call tomorrow morning at 8:30 a.m. ET., during which it will present its 2013 outlook during the call. From the positive share-price move today, it looks as if investors are seeking some good news.  

Foolishly investing
With more than 50,000 products, 3M plays a role in making everything from computers to power cables. A long history of invention and innovation has driven the company to its wide reach, but a focus on operational efficiency may be hurting the creative culture that once created Scotch tape and the Post-It Note. A new leader has taken over and vows to return innovation to the forefront. Does this mean the stock will become more than a dividend, returning to its former glory as a growth stock once again? Find out whether 3M has what it takes to pull it off in The Motley Fool's comprehensive new research report on the company. As a bonus, you'll receive a full year of key updates and guidance as news develops, so don't miss out -- simply click here now to claim your copy today.

Read/Post Comments (0) | Recommend This Article (5)

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: 2149354, ~/Articles/ArticleHandler.aspx, 10/24/2016 11:59:14 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 18,235.80 90.09 0.50%
S&P 500 2,150.63 9.47 0.44%
NASD 5,302.10 44.70 0.85%

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

10/24/2016 11:43 AM
INTC $35.21 Up +0.06 +0.17%
Intel CAPS Rating: ****
MMM $171.74 Up +2.24 +1.32%
3M CAPS Rating: ****
MSFT $60.58 Up +0.92 +1.54%
Microsoft CAPS Rating: ****
SPLS $7.58 Up +0.04 +0.53%
Staples CAPS Rating: **