Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Ford, GM, and Boeing are All Having a Bad 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

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

With Ben Bernanke's last Federal Open Market Committee meeting ending in about one hour, the major indexes are mixed as investors flip-flop on whether the central bank is going to begin paring back its $85 billion a month bond-buying program. As of 1 p.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI  ) is up 11 points, or 0.07%, but the S&P 500 and the Nasdaq are respectively down 0.19% and 0.62%.

The limited movements are presumably the calm before the storm, as no matter what the Federal Reserve tells us later today, the markets will likely move dramatically in one direction or the other. No taper could bring a rally, while a taper call would send stocks falling.

As things stand right now, we have a few big blue-chip losers. Let's take a look at who they are and why they're heading lower.

Boeing (NYSE: BA  )  shares are 1.6% lower, which is somewhat odd considering the news released by the company this morning. The aerospace giant announced that Boeing defense division chief Dennis Muilenburg would take over as president and chief operating officer. Additionally, Muilenburg and Boeing executive Ray Conner were both named vice chairmen. Many analysts believe this change in upper management signals that Muilenburg is now being prepped to become Boeing's next CEO whenever Jim McNerney retires. Typically, it is lack of certainty about who is going to succeed an outgoing CEO that causes a stock to fall. This drop may be a case in which investors can now see the writing on the wall and worry that McNerney is about to leave before everyone figures out if Muilenburg is any good.  

Outside the Dow, one big and somewhat surprising loser today is Ford (NYSE: F  ) , as shares are currently off by 7.13%. The company warned this morning that its profit margin would decline in 2014 due to costs associated with launching a record number of new vehicles and forecast problems in Europe. Ford expects to make a pre-tax profit of $8.5 billion in 2013, while in 2014 it expects that pre-tax profit will fall within the range of $7 billion-$8 billion. Additionally, management now believes it may also fall short on its previous guidance of 10% operating margin in North America during 2013 because of a large Ford Escape recall.  

If that wasn't enough, both Ford and General Motors (NYSE: GM  ) once again were left off Consumers Reports' list of best value among new cars. While Toyota and Honda again topped the list in first and second place with the Prius IV and the Fit, Ford and GM vehicles could only be found on the list of the 10 worst vehicles from a value standpoint. Ford actually had four spots on that list, while GM held two spots with the Cadillac Escalade and the Cadillac XTS Premium. Shares of General Motors are down 3.14% at this time.  

More Foolish insight

U.S. automakers boomed after WWII, but the coming boom in the Chinese auto market will put that surge to shame! As Chinese consumers grow richer, savvy investors can take advantage of this once-in-a-lifetime opportunity with the help from this brand-new Motley Fool report that identifies two automakers to buy for a surging Chinese market. It's completely free -- just click here to gain access.


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: 2769793, ~/Articles/ArticleHandler.aspx, 9/29/2016 3:11:07 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 Moments ago Sponsored by:
DOW 18,204.57 -134.67 -0.73%
S&P 500 2,155.59 -15.78 -0.73%
NASD 5,286.03 -32.52 -0.61%

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

9/29/2016 2:55 PM
^DJI $18204.61 Down -134.63 -0.73%
BA $131.56 Down -0.67 -0.51%
Boeing CAPS Rating: ****
F $12.02 Down -0.07 -0.58%
Ford CAPS Rating: ****
GM $31.69 Down -0.21 -0.66%
General Motors CAPS Rating: ***