Financial Earnings Can't Lift the Dow
Earnings season is underway, but the Dow Jones Industrial Average isn't having much of a reaction. Despite fairly strong quarterly results from financial stocks, as of 2:15 p.m. EST the index has lost 25 points, or 0.2%, on another slow day for investors. Stocks are mostly in the red, but few members of the Dow are seeing gains or losses of 1% or more.
Big banks on tap
JPMorgan released quarterly results today along with several other sector members, and earnings looked good. The bank's fourth-quarter earnings rose 53% year over year, crushing expectations while missing slightly on revenue projections. For the strong showing, however, the bank's shares haven't reacted all that well: JPMorgan's stock is up just 0.5% so far.
In the tech sector, Intel is having a better day, ranking among the Dow's leaders with shares up 1%. Despite the chip maker's difficulties adapting to the decline of the PC market and expectations that it intends to report a year-over-year sales decline in its quarterly release Thursday, investors looking for a turnaround stock have been picking up the tech giant recently. Intel's stock has surged more than 6% over the past month despite a six-month slide of nearly 13%.
Entertainment giant Disney is also having a good day, up 0.9% after the company released its plans for new game platform, "Disney Infinity," yesterday. Disney's interactive business segment hasn't had the best of times recently, seeing 16 straight unprofitable quarters. However, its plans to combine sales of software and action figures in "Infinity" have some analysts thinking the company can turn around its underperforming segment.
Alas, Boeing can't join the best stocks today. The troubled aerospace manufacturer has seen shares fall another 4% today after two Japanese airlines grounded their 787 fleets. The craft's much-publicized recent problems have resulted in an FAA investigation and plenty of investor disappointment, and while the airliner will likely be fine in the long run, shareholders can probably expect more volatility in the days to come.
Shareholders have been right to worry about the 787, but Boeing's latest jetliner will outlive today's concerns. However, the company's execution problems and emerging competitors have investors wondering whether Boeing will live up to its shareholder responsibilities. In this premium research report, two of The Fool's best industrial-sector minds have collaborated to provide investors with the must-know info on Boeing. They'll update the report as key news hits, so be sure to claim a copy today by clicking here now.
The article Financial Earnings Can't Lift the Dow originally appeared on Fool.com.
Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Intel and Walt Disney. The Motley Fool owns shares of Intel, JPMorgan Chase & Co., and Walt Disney. 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.
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