The Dow Jones Industrial Average
Weekly Price Change
Hewlett-Packard made a lot of news this week. The hardware giant raised its third-quarter earnings outlook past the downbeat guidance it gave last quarter to be more in line with what analysts had expected then. It announced an $8 billion writedown on some of the dumb acquisitions the empire-builder made over past years as the company continues to restructure.
It's not just Dow money-centers Bank of America
Early this week, analysts predicted that Cisco will have a strong quarter when it reports earnings next week on strong demand for switching and cost-cutting. By Thursday, Goldman Sachs and Piper Jaffray upgraded the stock. It's still unclear whether stronger demand is going to be a just a blip or a longer-term phenomenon; a lot depends on the unknown European economy, though it's possible the stock is reasonably priced enough to reduce the risk to investors if demand remains a bit bumpy.
HP, Alcoa, and Cisco all crushed the market this week, but as investors it's also important for us to remember to keep our eyes on long-term performance. If you're looking for some more stock ideas, the Motley Fool recently highlighted "The 3 Dow Stocks Dividend Investors Need." You can get the full scoop on these three promising Dow dividend dynamos.
Ilan Moscovitz doesn't own shares of any companies mentioned. The Motley Fool owns shares of Cisco Systems, Bank of America, and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Goldman Sachs and formerly recommended JPMorgan Chase. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
More from The Motley Fool
3 Rock-Solid Cheap Stocks with P/Es Under 15
HP, IBM, and Corning still look cheap in a market filled with frothy stocks.
Best Selling PCs of 2017
2017 is a wrap. Here's Amazon's verdict on who won the PC wars last year.
Why HP Inc. Stock Climbed 42% in 2017
Here's what's behind HP's accelerating growth recently.