The Dow's 3 Biggest Losers Today
Today was a positive day for the market, with all three major indices closing in the black. The Dow Jones Industrial Average (INDEX: ^DJI) spiked at the opening bell and maintained its advance, finishing up 0.78%. The S&P 500 closed up 1.11% while the Nasdaq (INDEX: ^IXIC) led the charge, gaining 1.53%.
But while the vast majority of the Dow's 30 companies were positive on the day, there were three that finished the day in the red. Boeing (NYS: BA) was the biggest Dow loser, ending down 0.24%. The company declined today despite an acknowledgement by rival Airbus that Boeing could deliver more planes in 2012, which would be the first time since 2003 that Boeing out-delivered Airbus.
One of the other Dow losers on the day was Microsoft (NAS: MSFT) , which finished down 0.09%. Microsoft reports earnings tomorrow and will hope to keep its momentum going in 2012, as the stock has gained nearly 9% so far this year. Analysts polled by Thomson Reuters are expecting the company to post earnings per share of $0.76 for its fiscal second quarter, which would be one cent lower than last year's Q2 earnings. Tomorrow is a huge day for technology companies overall, with Google, Intel, and IBM reporting as well.
The final Dow loser was Verizon (NYS: VZ) , ending the day down just 0.03%. Verizon is one of the five Dow stocks that has declined this year. The stock is down nearly 3% so far in 2012.
While Boeing, Microsoft, and Verizon all lost to the market today, our chief investment officer has picked out one stock that he believes will crush the market in 2012. To see this company, check out our brand new free report, "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company for free.
At the time this article was published Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool owns shares of Intel, Google, Microsoft, and IBM.Motley Fool newsletter serviceshave recommended buying shares of Google, Microsoft, and Intel and creating bull call spread positions in Intel and Microsoft. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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