Dow Advances, Led by Procter & Gamble Stock

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.

Mimicking the morning pessimism seen yesterday, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) was down about 100 points in early trading before rallying higher, presumably after Wall Street's coffee kicked in. This time, the Dow actually ended in the black, adding eight points, or less than 0.1%, to close at 15,303. But for an index that was almost exactly sideways on Friday, the performance of Procter & Gamble (NYSE: PG  ) stock highlighted the day.

Rarely do you hear about major swings in Procter & Gamble's stock price. That's because, as a $220-billion global consumer goods company, there aren't many unseen catalysts. But an unseen catalyst is exactly what sparked P&G's 4% surge today, after the company announced the return of former CEO A.G. Lafley. Investors hope Lafley, who ran the multinational from 2000-2009 with great success, can spark better growth in emerging markets, where results have been underwhelming recently.

Another corporate powerhouse, Wal-Mart (NYSE: WMT  ) , ended 1.3% higher Friday. The retailer has faced recent difficulties with keeping store shelves adequately stocked after cost-cutting measures that reduced employees per store; a new executive compensation plan that factors in product availability will be voted on during the shareholder meeting on June 7. 

On the losing side of the Dow, Verizon Communications (NYSE: VZ  ) slipped 1%, ranking as the second-worst blue chip of the day. While Verizon has lost ground in four of the last five trading sessions, the long-term prospects for the telecom giant haven't materially changed. That said, Dish Network continues to negotiate with a growing number of banks for terms to finance a potential buyout of Verizon rival Sprint Nextel, which would make for a much more formidable competitor.

While Hewlett-Packard (NYSE: HPQ  ) was easily the most pronounced laggard today, slumping 2.6%, Friday's underperformance is misleading. That's because the stock rocketed up 17.1% yesterday after slamming earnings expectations and forecasting better future results than anyone in his or her right mind was looking for. HP is a fairly volatile stock to begin with, and today's losses most likely stemmed from impatient investors taking profits going into the long weekend.

The massive wave of mobile computing has done much to unseat the major players in the PC market, including venerable technology names like Hewlett-Packard. However, HP's rapidly shifting its strategy under the new leadership of CEO Meg Whitman. But does this make HP one of the least-appreciated turnaround stories on the market, or is this a minor blip on its road to irrelevance? The Motley Fool's technology analyst details exactly what investors need to know about HP in our new premium research report. Just click here now to get your copy today.

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: 2452807, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:53:27 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 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

9/23/2016 4:55 PM
^DJI $18261.45 Down -131.01 -0.71%
HPQ $15.09 Down -0.03 -0.20%
HP CAPS Rating: ***
PG $87.76 Down -1.23 -1.38%
Procter and Gamble CAPS Rating: ****
VZ $52.56 Up +0.21 +0.40%
Verizon Communicat… CAPS Rating: ****
WMT $72.35 Up +0.08 +0.11%
Wal-Mart Stores CAPS Rating: ***