Two Big Winners on a Quiet Day for the Dow

Last week was a little rough for the Dow Jones Industrial Average (DJINDICES: ^DJI  ) , which pulled back 2.2%. August hasn't been particularly kind to the Dow, but investors have to keep in mind that it's still up about 15% for the year. In today's quiet session, the Dow is trading 41 points lower as of 2:50 p.m. EDT. The story was much the same overseas, as the European markets all traded in the red today, and Asia's Hang Seng fell by 0.2%. Here's a look at two Dow stocks in the green today and what investors can expect this week.

Boeing (NYSE: BA  ) is one of the Dow's biggest winners today, up 1.5%. Investors were happy to hear that the company has a good chance of winning one of the largest contracts available in the defense market right now. According to unnamed sources quoted by Reuters, Boeing's offer to supply 60 F-15 combat aircraft is the only offer within South Korea's $7.4 billion budget. If Boeing secures the contract, it would be a significant boost to the company's defense division and would amount to nearly half of Boeing's military-aircraft revenue from last year.

Intel (NASDAQ: INTC  ) is making even bigger gains, up 2.3% after it was upgraded from "underweight" to "neutral" by analysts at Piper Jaffray. While upgrades are welcome news for investors, there's still plenty of doubt about whether the company can survive the decline of the PC market. As PCs continue to wane, Intel's future may depend on its ability to produce chips that can be used in smartphones and tablets.

Outside the Dow today, Ford (NYSE: F  ) finds itself trading down 0.9%. This is just a little breather for the Blue Oval after it put up an impressive second-quarter report and went ex-dividend at the end of July. The American automaker is still up nearly 70% over the last 12 months, and it looks ready to improve further, with its Chinese sales continuing to set monthly records and its European losses narrowing.

Looking ahead
Dow component Home Depot (NYSE: HD  ) will report its second-quarter earnings Tuesday. Analysts expect a jump in Home Depot's top and bottom lines, as well as an increase in comparable-store sales. The company posted a better-than-expected first quarter and then raised its guidance for the rest of the year, betting that the housing-market recovery will continue to boost its sales.

Economic news will be sparse until Wednesday, when the Federal Open Market Committee releases the minutes from its July meeting. Investors will be hoping for clues on when the central bank plans to reduce its $85 billion-per-month asset purchases. According to a survey from Bloomberg last week, 65% of economists believe officials will begin to slow down the asset purchases at their next two-day meeting, which starts Sept. 17.

With the American markets reaching new highs, investors and pundits alike are skeptical about future growth. They shouldn't be. Many global regions are still stuck in neutral, and their resurgence could result in windfall profits for select companies. A recent Motley Fool report, "3 Strong Buys for a Global Economic Recovery," outlines three companies that could take off when the global economy gains steam. Click here to read the full report!

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: 2601015, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:27:42 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 18,172.97 78.14 0.43%
S&P 500 2,153.32 7.22 0.34%
NASD 5,288.84 31.35 0.60%

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 10:11 AM
^DJI $18172.97 Up +78.14 +0.43%
BA $131.13 Up +0.56 +0.43%
Boeing CAPS Rating: ****
F $12.05 Up +0.04 +0.29%
Ford CAPS Rating: ****
HD $126.72 Up +1.27 +1.01%
Home Depot CAPS Rating: ****
INTC $36.99 Up +0.34 +0.93%
Intel CAPS Rating: ****