Some days, there are no winners. That was the case for the Dow Jones Industrials
But even on a day with no Dow winners, a few stocks held their ground pretty well. Let's look at three Dow stocks that cut their losses today.
Procter & Gamble
P&G did exactly what you'd expect a defensive stock to do: provide shelter for risk-averse shareholders. But everything isn't rosy with the consumer-products giant.
The challenge P&G faces is that growth is still important for the company, but macroeconomic headwinds could hurt growth prospects going forward. Between weak housing, still-high gasoline prices, and slowing global growth rates, even demand for popular consumer products is at risk. That's why the company cut its full-year outlook last week, and it could continue to cause problems for P&G.
Weather wrought havoc on Travelers last year. But even with more storms this year, the insurance company seems to be getting through them OK.
Aon released industrywide estimates yesterday of damage from tornadoes in Texas and Kansas during April that amounted to almost $1 billion. But with Allstate
No one expected Wal-Mart's bribery scandal in Mexico to go away quickly. One of the largest public pension funds in the country confirmed that fact today.
The California State Teachers' Retirement System sued a number of past and present Wal-Mart executives yesterday, citing a need to determine the facts of the scandal. Today, CalSTRS didn't call explicitly for Wal-Mart CEO Mike Duke's resignation, but with the issue "on the table," investors should expect plenty of criticism from CalSTRS and other investors in the coming months.
Take a break
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