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



Intel and Google Lead Markets Higher as 3-D Printing Stocks Slump

The Dow Jones Industrial Average (DJINDICES: ^DJI  ) bounced back from an ugly Monday early today, gaining more than 60 points as of 11:30 a.m. EST. Dow component Intel (NASDAQ: INTC  ) led the index higher, while Google (NASDAQ: GOOGL  )  also rallied. Across the board, 3-D printing stocks were tumbling, with Stratasys (NASDAQ: SSYS  ) posting a double-digit decline.

Retail sales exceed expectations
Data released early on Tuesday showed retail sales beating economists' expectations. Core retail sales, a measure that excludes automobile purchases, rose 0.7% on a month-to-month basis -- economists had been looking for a gain of just 0.4%. Including autos, retail sales rose 0.2%, exceeding the anticipated 0.1% gain. Those numbers suggest a stronger U.S. consumer, which may be leading some investors to buy stocks on Tuesday.

Intel boosted by upgrade
Chip maker Intel was one of the Dow Jones' biggest gainers, rallying more than 3% early on Tuesday following two positive notes. Analysts at both Jefferies and JPMorgan Chase were positive on Intel, with JPMorgan upgrading the stock from neutral to overweight.

Jefferies is hopeful that Intel's push into providing chips for smartphones and tablets will prove fruitful in coming quarters, while JPMorgan believes the market for traditional PCs (and thus Intel's processors) will stabilize this year following a disastrous 2013.

Google rallies following Nest acquisition
Search giant Google wasn't seeing as big a gain as Intel, but its 1.7% rally was still quite significant for a company with a market cap near $400 billion. Yesterday afternoon, Google announced that it had acquired Nest Labs for $3.2 billion.

Nest is a maker of smart, Internet-connected thermostats and smoke detectors. With Nest in tow, Google could be well-positioned in the move toward more intelligent, Internet-connected homes. Google also picks up some qualified hardware designers, including the man who helped design the iPod.

Stratasys stumbles on guidance
Stratasys shares were dropping on Tuesday, at one point notching a loss of more than 12%. Although investors in 3-D printing companies should be used to such volatility, Stratasys' drop follows some notable news -- the company gave guidance for the coming year that fell short of analysts' expectations. On a positive note, Stratasys said that the performance of recently acquired MakerBot was exceeding its expectations, and it should add to the company's bottom line by the end of the year.

Stratasys' announcement was weighing on shares of other companies in the 3-D printing industry, with 3D Systems and voxeljet shares also falling.

Get our top stock pick for 2014
There's a huge difference between a good stock, and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (1) | Recommend This Article (2)

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.

  • Report this Comment On January 15, 2014, at 3:02 AM, juliana wrote:

    Document Maker - Create & Edit Rich Text Docs and Generate PDF



    + Create and Edit Rich Text Documents on your iPhone or iPad.

    + Work on your docuemnts even when not connected to the internet.

    + Convert your documents to PDF,

    + Send documents as EMAIL ATTACHMENTS

    + Transfer to/from your PC or Mac through USB

    + Synch your documents with Dropbox, Google Drive or Microsoft Sky Drive or FTP.

    + View Word & Excel files(Office 2007/2008/2010)

    + VIEW PowerPoint, PDF, iWork, Text, .RTF, and more!

    + Open & Edit files created through this app from any 3rd party app that supports the “Open In” feature

    + Create or Download Docuemnts from anywhere and carry it with you wherever you go

Add your comment.

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: 2794450, ~/Articles/ArticleHandler.aspx, 9/1/2015 8:10:51 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...

Sam Mattera

Sam has a love of all things finance. He writes about tech stocks and consumer goods.

Today's Market

updated 10 hours ago Sponsored by:
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASD 4,776.51 -51.82 -1.07%

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

8/31/2015 4:57 PM
^DJI $16528.03 Down -114.98 -0.69%
GOOGL $647.82 Down -11.87 -1.80%
Google (A shares) CAPS Rating: ****
INTC $28.54 Up +0.12 +0.42%
Intel CAPS Rating: ****
SSYS $30.66 Up +0.64 +2.13%
Stratasys CAPS Rating: ****
DDD $13.73 Up +0.25 +1.85%
3D Systems CAPS Rating: ****
JPM $64.10 Down -0.03 -0.05%
JPMorgan Chase & C… CAPS Rating: ****
VJET $6.29 Up +0.39 +6.61%