These Stocks Fell on the Dow's Up Day

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Based on a single earnings report from last night, investors came into today's session expecting that it would be a horrible day, not just for that stock but for the entire market. Yet as has often happened in the past, the broader market managed to overcome even the swoon in its biggest stock, with the S&P 500 managing to inch up by a hundredth of a point. The Dow Jones Industrials (DJINDICES: ^DJI  ) managed an even stronger showing, finishing the day with a respectable gain of 46 points.

But even though the overall market overcame earnings headwinds, some stocks still felt the heat. Among Dow stocks, Alcoa (NYSE: AA  ) was the biggest declines, falling more than 1%. Yet while the short-term fluctuations in Alcoa's performance have tended to coincide with news items about the current pace of global economic growth, the more important long-term consideration is whether Alcoa can successfully take advantage of cyclical weakness in the industry to bolster its future results. With steps to consolidate and pick up assets from competitors on the cheap, Alcoa is setting the stage for big gains if economic conditions cooperate.

Elsewhere, Under Armour (NYSE: UA  ) fell almost 4% after announcing that its senior vice president in charge of its footwear segment had resigned. Gene McCarthy has spearheaded the company's aggressive move into territory dominated by archrival Nike (NYSE: NKE  ) , so with Under Armour announcing earnings next week, investors are probably nervous that the departure may be a sign of problems with its footwear strategy.

Finally, OfficeMax (UNKNOWN: OMX.DL  ) declined almost 3% as it got an analyst downgrade from KeyBanc Capital Markets. Even with office-supply chains suffering from increased competition from general-purpose retailers in both the online and bricks-and-mortar spaces, OfficeMax has seen a big recovery in its stock. As Fool contributor Rick Munarriz explained recently, the shares are cheap, and the company has taken steps to fend off the showrooming problems that have plagued big-box retailers in electronics and other big-ticket items.

Learn more
Find out about Alcoa's long-term prospects in our premium research report, which details why Alcoa is worth a closer look because of its future prospects. For a Foolish investment perspective on this global giant, simply click here to get started.

Read/Post Comments (0) | Recommend This Article (4)

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: 2214870, ~/Articles/ArticleHandler.aspx, 10/1/2016 1:34:55 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 16 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 4:01 PM
AA $10.14 Up +0.18 +1.81%
Alcoa CAPS Rating: ***
OMX.DL $0.00 Down +0.00 +0.00%
OfficeMax CAPS Rating: *
UA $38.68 Up +0.08 +0.21%
Under Armour (A Sh… CAPS Rating: ****
NKE $52.65 Up +0.49 +0.94%
Nike CAPS Rating: *****