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



3 Winners On a Strange Day for the Dow

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.

It's not all that common to see the Dow Jones Industrials (DJINDICES: ^DJI  ) jump half a percent when fewer than half of the average's component stocks managed to finish ahead on the session. But thanks to massive IBM's favorable earnings report -- and its share price above $200 -- the Dow is susceptible to wild swings when the company is volatile, as it was today. The Dow's 67-point gain outperformed other major market measures, although the S&P 500 did manage to inch a bit higher as it approaches the 1,500 level.

But IBM wasn't the only winning stock today. Elsewhere in the Dow, Disney (NYSE: DIS  ) rose more than 2% to hit an all-time high. A positive research note from an analyst gave favorable comments about the company, anticipating successful renegotiations of cable contracts for its ESPN sports powerhouse, as well as strength in the theme park business and another round of blockbuster movies from Pixar and Marvel. Further out, the impact of the recent Lucasfilm acquisition should have even more positive effects.

Outside the Dow, lighting company Cree (NASDAQ: CREE  ) soared 22% after reporting a 69% jump in quarterly profits last night. As higher demand for more cost-effective and efficient LED lighting starts to make itself felt, Cree could well continue to see further gains despite the massive run-up today.

Finally, grocery chain Safeway (UNKNOWN: SWY.DL  ) gained more than 5% as investors weighed the idea going around that the company should sell its Canadian stores. No. 3 Canadian chain Metro was mentioned as a possible buyer, with a potential acquisition of Safeway Canada creating a massive superchain of more than 200 stores. With rival SUPERVALU (NYSE: SVU  ) having sold off portions of its store network to private equity firm Cerberus Capital Management, the trend toward consolidation in the industry is consistent with the thin margins and pricing pressure that Safeway and its peers are facing.

Learn more
Disney's recent strength is no surprise to those who've followed the company, but after a strong run, is Disney still a buy right now? Get the answers in our premium report on the company, in which we'll show you Disney's key opportunities and threats. Don't miss out -- get all the information you need by simply clicking here now to claim your copy today.

Read/Post Comments (0) | Recommend This Article (6)

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: 2212094, ~/Articles/ArticleHandler.aspx, 10/1/2016 6:25:18 PM

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 21 hours ago Sponsored by:
DOW 18,308.15 164.70 0.91%
S&P 500 2,168.27 17.14 0.80%
NASD 5,312.00 42.85 0.81%

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

9/30/2016 4:00 PM
CREE $25.72 Up +0.39 +1.54%
Cree CAPS Rating: ****
DIS $92.86 Up +1.06 +1.15%
Walt Disney CAPS Rating: *****
SWY.DL $0.00 Down +0.00 +0.00%
Safeway CAPS Rating: **
SVU $4.99 Up +0.16 +3.31%
SuperValu CAPS Rating: **