Earnings Reports Boosted These Dow 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.

This morning, the National Association of Realtors announced mixed housing data. While the year-over-year sales numbers increased by 12.8% in December, housing sales actually fell by 1% from November to December. Investors, however, didn't seem to care, as they focused more on individual company earnings. 

As for the major indexes, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) had the best day, moving higher by 62 points, or 0.46%, and now sits at 13,712. The S&P 500 (SNPINDEX: ^GSPC  ) also had a winning day, as it rose by 6.58 points, or 0.44% ,while the NASDAQ (NASDAQINDEX: ^IXIC  ) added 8 points, or 0.27%. Of the 30 stocks that make up the Dow, only eight of them ended the day in the red. Three of the big losers this afternoon were Boeing (NYSE: BA  )  Johnson & Johnson (NYSE: JNJ  ) ; and Caterpillar (NYSE: CAT  ) , which turned around and closed the day in the green. To read about why those stocks were down, simply click here. Or to read about three of today's biggest winners -- DuPont (NYSE: DD  ) , Travelers (NYSE: TRV  ) , and Verizon (NYSE: VZ  )   -- continue reading below.

So why were they higher
DuPont, Travelers, and Verizon all announced quarterly earnings today, which caused the three companies' stocks to move higher today. Investors managed to add 2.15% to Travelers' share price after the company took large losses from Hurricane Sandy just a few months ago. Profits fell by 51% from the same quarter last year due to the storm, but Travelers still beat analysts' expectations of $0.72 per share when it posted $0.78 per share this morning.  

DuPont also posted a decline in profits from this time last year, but, like Travelers, it managed to beat estimates, which gave investors a reason to buy shares and drive the stock price higher by 1.77% today. DuPont earned $0.12 per share while analysts expected a mere $0.07 per share.  

Lastly, shares of Verizon rose by 0.94% today after it reported a loss due to pension costs, restructuring, and Hurricane Sandy. But the company also activated a record number of new devices during the quarter and reported a 6% increase in revenue, which beat analysts' estimates. Verizon announced a few weeks ago that it had added 2.2 million new devices under its contract-based plans.

More foolish insight

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (2)

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: 2209275, ~/Articles/ArticleHandler.aspx, 9/28/2016 6:24:45 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 9 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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

9/27/2016 4:00 PM
BA $131.32 Up +0.75 +0.57%
Boeing CAPS Rating: ****
CAT $82.88 Up +0.51 +0.62%
Caterpillar CAPS Rating: ***
DD $67.26 Up +0.74 +1.11%
DuPont CAPS Rating: ****
JNJ $119.22 Up +1.44 +1.22%
Johnson and Johnso… CAPS Rating: *****
TRV $114.41 Up +0.47 +0.41%
The Travelers Comp… CAPS Rating: *****
VZ $52.49 Up +0.34 +0.65%
Verizon Communicat… CAPS Rating: ****