Please ensure Javascript is enabled for purposes of website accessibility

A Few Stocks Bucking the Downward Slide

By Matt Thalman - Apr 18, 2013 at 8:11PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Even though stocks, in general, declined today, a few winners could still be spotted.

This morning, investors received two key economic data points and a number of earnings reports, which ultimately caused the markets to fall. The Dow Jones Industrial Average (^DJI 0.00%) closed the day down 81 points, or 0.56%, and now sits at 14,537, which is a far cry from the 15,000 some investors were hoping to see this week. The S&P 500 closed the day down 10 points, or 0.67%, while the Nasdaq plummeted 1.2% during today's trading session.

One of the economic reports was the Labor Department's initial jobless claims number, which rose last week by 4,000, to 352,000, while economists were expecting only 346,000. The other data point came from the Commerce Department, and focused on housing starts during the month of March. On a seasonally adjusted basis, analysts were expecting 917,000 starts, but the number actually came in at 1.04 million. 

While one number indicates the economy is growing stronger, the other point gives investors a slightly less optimistic view. But, regardless of what economic data is telling investors, what truly matters is earnings, and today, a few of the Dow's components rose higher on the back of good results.

Shares of American Express (AXP -1.34%) were higher by 1.42% after the company released strong earnings last night after the closing bell. The company reported that net income rose 2% and hit $1.15 per share, while analysts were expecting $1.12 per share. But, while the company beat expectations on the bottom line, American Express missed on the top line when they reported $7.88 billion, which represented 4% growth from the first quarter last year;l analysts wanted to see $8.03 billion on the top line. The company also reported that card member spending grew 7%, which represents the fourth consecutive quarter of growth. 

Telecommunications giant Verizon (VZ 0.43%) saw its shares soaring higher today after the company announced earnings this morning. The company also missed on the top line, but beat on the bottom. Revenue was expected to hit $29.6 billion, but came in at $29.2 billion, while Verizon's earnings per share were estimated at $0.66, but hit $0.68 per share. Although revenue missed, it did come in 4% higher than last year. 

Intel (INTC -0.80%) shareholders also had a good day, as shares rose 1.41%. The rise was likely due to comments made by the company's competitor Advanced Micro Devices (AMD 0.41%). AMD is planning to get as much as 20% of its revenue outside PC chip sales by the fourth quarter, which could be great news for Intel. If AMD finds success in other areas, it may gradually move away from PCs, opening up more opportunity up for Intel. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Dow Jones Industrial Average (Price Return) Stock Quote
Dow Jones Industrial Average (Price Return)
^DJI
$31,490.07 (0.00%) $0.00
Intel Corporation Stock Quote
Intel Corporation
INTC
$42.01 (-0.80%) $0.34
American Express Company Stock Quote
American Express Company
AXP
$154.00 (-1.34%) $-2.10
Verizon Communications Inc. Stock Quote
Verizon Communications Inc.
VZ
$49.10 (0.43%) $0.21
Advanced Micro Devices, Inc. Stock Quote
Advanced Micro Devices, Inc.
AMD
$96.67 (0.41%) $0.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
331%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/20/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.