These Dow Gainers Don't Care About the Shutdown

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.

Often, the stock market doesn't perform well going into a potentially contentious weekend, as short-term traders don't want to risk keeping their positions with potential problems looming over the nation. Yet even though the government shutdown will inevitably produce substantial debate over the weekend, investors seemed to be optimistic that even small signs of progress could lead to a resolution in short order. The Dow Jones Industrials  (DJINDICES: ^DJI  ) finished the day up 76 points, cutting its overall losses for the week.

Looking at the stocks that powered the Dow higher, you can see that they all have long-term prospects that should be strong enough to overcome any near-term obstacles. Disney  (NYSE: DIS  ) was the biggest gainer in the Dow, climbing 2%. The company's stranglehold on various forms of media, including its ESPN network and its filmed-entertainment production divisions, will continue offering huge growth opportunities as demand for content climbs ever higher, both in the US and internationally. Combined with its complementary businesses like theme parks based on the very characters featured in their content, cross-selling opportunities should keep Disney rising for years to come.

Boeing  (NYSE: BA  ) gained 1.7% as it delivered 14% more commercial aircraft during the third quarter than it did in the year-ago period. In addition to sending 112 of its 737 aircraft to customers, Boeing managed to almost double deliveries of its 787 Dreamliner. That's especially impressive given the technical troubles that the Dreamliner has had, and Boeing's overall delivery numbers points to huge demand for updated aircraft among airlines and other customers.

JPMorgan Chase  (NYSE: JPM  ) rose 1.4%, even in the aftermath of CEO Jamie Dimon deciding to step down from his role as Chairman of its JPMorgan Chase Bank, N.A. subsidiary. Investors likely hope that by appeasing regulators, Dimon's move could lead to reduced legal liability going forward. Any such impact would be welcome for the bank, which has paid huge amounts in settlements of legal and regulatory issues recently.

Finally, beyond the Dow, Potbelly  (NASDAQ: PBPB  ) more than doubled after going public at $14, closing at $30.77. The IPO market has shown new signs of health lately, and Potbelly's strong performance  today should only add fuel to the fire for those who believe that hunger for new-company equity could push the overall market even higher despite its aging bull character.

Find stocks that will climb for decades
Your best investing approach is to look beyond a single day's stock performance and instead choose great companies to stick with for the long term. The Motley Fool's free report "
3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.


Read/Post Comments (0) | Recommend This Article (1)

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: 2669616, ~/Articles/ArticleHandler.aspx, 9/28/2016 11:28:36 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 1 hour ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

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

9/28/2016 5:27 PM
^DJI $18339.24 Up +110.94 +0.61%
BA $132.23 Up +0.91 +0.69%
Boeing CAPS Rating: ****
DIS $92.20 Up +0.48 +0.52%
Walt Disney CAPS Rating: *****
JPM $66.71 Up +0.35 +0.53%
JPMorgan Chase CAPS Rating: ****
PBPB $12.59 Down -0.42 -3.23%
Potbelly CAPS Rating: **