The Dow Jones Industrial Average (INDEX: ^DJI) is up 19.1% so far this year, but not every stock is in on the party. Caterpillar (NYSE: CAT) is the only stock that's fallen so far this year as investors worry that infrastructure spending in China has reached a peak. IBM (NYSE: IBM) and ExxonMobil (NYSE: XOM) haven't lost money, but they've gone almost nowhere in 2013 because revenue and earnings are headed in the wrong direction. In this video, Fool contributor Travis Hoium discusses why these three stock are lagging and why at least one of these companies is in a long-term slide. 

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Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool owns shares of International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.