Please ensure Javascript is enabled for purposes of website accessibility

These 3 Big Winners Couldn't Save the Dow Today

By Dan Caplinger - Apr 24, 2013 at 8:00PM

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

The market closed lower, but these stocks soared.

Earnings season is a tough time for investors, as the market seems to get whipsawed back and forth depending on particular results on any given day. With no shortage of both positive and negative earnings coming out last night and this morning, the stock market seemed to take its tone from the weaker-than-expected durable goods report early this morning, which reaffirmed worries that many investors already have about just how healthy the economy is.

By the close, the Dow Jones Industrials (^DJI 0.60%) finished near their lows of the day, down 43 points, although the broader market was close to unchanged.

Several Dow stocks, however, posted sharp gains. Leading the way was Microsoft (MSFT 1.12%), which climbed nearly 4%. Today's news that the company will have an event on May 21 presenting its new version of the Xbox added to the recent excitement over the stock, which has soared more than 10% in less than a week. As investors have gotten used to the idea that Microsoft can succeed even without strong showings from Windows 8 and its mobile devices, they're seeing the value in the stock's current low valuation.

Alcoa (AA) also managed to rise sharply, with gains of more than 3.5% on a good day for metals companies generally. After having gotten beaten down so far on questionable prospects for the global economy, Alcoa stands to gain from demand in the automotive industry, and solid results from Ford (F 2.33%) earlier today are just the latest sign that automakers have a lot of pent-up demand to meet. As long as the bottom doesn't fall out of the economic growth in China and other high-growth areas, Alcoa may finally be starting to hit bottom.

Finally, Boeing (BA 2.23%) rose more than 3% as it said in its quarterly report that the aerospace giant plans to start delivering new 787 Dreamliner aircraft beginning early next month. The company hopes that it will still be able to meet its production targets for the aircraft despite the long grounding for the Dreamliner. Profits also came in above expectations, reassuring investors that the Dreamliner issues are merely short term in nature.

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
$32,120.28 (0.60%) $191.66
The Boeing Company Stock Quote
The Boeing Company
BA
$122.06 (2.23%) $2.66
Alcoa Inc. Stock Quote
Alcoa Inc.
AA
Microsoft Corporation Stock Quote
Microsoft Corporation
MSFT
$262.52 (1.12%) $2.90
Ford Motor Company Stock Quote
Ford Motor Company
F
$12.71 (2.33%) $0.29

*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
322%
 
S&P 500 Returns
116%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/26/2022.

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.