Cisco Systems, Inc. (CSCO), American Express Company (AXP): This Week’s Top Dow Jones Industrial Average (.DJI) Stocks

It was a wild week on Wall Street, and when the markets closed on Friday, the Dow Jones Industrial Average (Dow Jones Indices:.DJI) was down 1.80% and the S&P 500 had fallen 2.11%. Federal Reserve Chairman Ben Bernanke took most of the spotlight by hinting that the Fed may be willing to slow (or “taper”) its $85 billion bond-buying program later this year. I did a deep look at why Bernanke moved the markets this week and why you should care, in an article found here. Despite the down markets, there were a few stocks that moved higher on the Dow this week.

Cisco Systems, Inc. (NASDAQ:CSCO)

Cisco Systems, Inc. (NASDAQ:CSCO) wasn’t exactly knocking investors off their feet this week, but it did rise 1.6%. The stock jumped on Monday after showcasing its “Connected Boulevard” concept in Nice, France. The concept builds a smart network of sensors that can detect traffic patterns, parking, and the environment in real time and relay that information to residents. The world is becoming more and more connected, and what investors can take from this concept is that Cisco Systems, Inc. (NASDAQ:CSCO) is at the forefront of new ways to capture and disseminate data.

American Express Company (NYSE:AXP) was the Dow Jones Industrial Average (Dow Jones Indices:.DJI)’s second biggest winner this week after gaining just 0.5%. You may think that news of tapering from the Fed would be bad for American Express Company (NYSE:AXP) because of high interest rates, but you have to dig a little deeper to see why the Fed’s actions may be good for the company. The Fed will only stop buying bonds or thinking about raising interest rates if the economy is strong, and a strong economy means lower credit risk for American Express Company (NYSE:AXP). Bernanke said he would slow bond buying if unemployment continued to fall and the economy continued to improve, so a bullish Fed was good for American Express Company (NYSE:AXP) this week.

E I Du Pont De Nemours And Co (NYSE:DD) rounds out the top three Dow Jones Industrial Average (Dow Jones Indices:.DJI) stocks with a 0.4% gain this week. There wasn’t any Earth-shattering news out about the company this week, so I wouldn’t read too much into the fact that it was only one of five Dow Jones Industrial Average (Dow Jones Indices:.DJI) stocks in the black this week. E I Du Pont De Nemours And Co (NYSE:DD) has been struggling with disappointing sales and profits over the past year, and it has a lot to prove to investors before being viewed as a safe stock in the chemical space.

The article This Week’s Top Dow Stocks originally appeared on Fool.com and is written by Travis Hoium.

Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool recommends American Express and Cisco Systems (NASDAQ:CSCO).

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!