As we head into the new year, investors should be looking at stocks both to buy and to sell. After a great year on the Dow Jones Industrial Average (DJINDICES:^DJI), there are a few companies that could be in for a tough 2014.

ExxonMobil (NYSE:XOM) is fighting the trend of slowing oil usage in developed countries and has seen higher costs for exploration. Revenue and profit are down in recent years, meaning the stock isn't the safe haven it once was. 

It's been an outstanding year for JPMorgan Chase (NYSE:JPM) on the market, but legal settlements have cost the company billions. Eventually, that will catch up to the company, and there's more downside risk in 2014 than upside potential.

Finally, Caterpillar (NYSE:CAT) is facing headwinds from China, which appears to be heading toward a building bubble. If building slows in developing countries, so will revenue and profit, which are already volatile at Caterpillar. 

Erin Miller sat down with Fool contributor Travis Hoium to find out more about why he thinks these stocks will underperform in 2014.

Erin Miller has no position in any stocks mentioned. Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.