Hewlett-Packard Company (HPQ), Caterpillar Inc. (CAT), Cisco Systems, Inc. (CSCO): Last Week’s Big Dow Losers

Page 1 of 2

After another wild week, which started as investors worried about the possible collapse of certain European financial intuitions, the Dow Jones Industrial Average‘s managed to fight its way back to almost even on Friday, and close down just 2 points, or 0.01%, for the past five trading sessions. The other major indexes performed slightly worse for the week, as the S&P 500 lost 3.81 points, or 0.24%, while the Nasdaq fell by 4 points, or 0.12%.

As the Dow closed flat for the week, its 30 components were split down the middle, with 15 moving higher and 15 losing ground last week.

Before we hit the Dow losers, let’s look at the index’s big winner of the week: Hewlett-Packard Company (NYSE:HPQ) has been on fire in 2013, and that trend continued this past week, as shares rose another 3.87%. Year to date, the stock is up an astonishing 61.68%, while the Dow itself has risen only 10.74%. Meg Whitman is clearly handling the company’s turnaround very well, and there are no signs that things should change in the future.

One possible negative for Hewlett-Packard Company (NYSE:HPQ) this past week was that shareholders re-elected all of the company’s board members on Thursday. A number of activist investors and shareholder-rights groups had voiced their opinions that the board members, who were involved in the acquisition of Autonomy, should be removed from their position. The Autonomy purchase cost the company more than $10 billion, and recently Hewlett-Packard Company (NYSE:HPQ) decided to write down more than $8 billion of the purchase price.

The big losers
Shares of Caterpillar Inc. (NYSE:CAT) continue to fall on a weekly basis, and after losing 1.52% this past week, the stock has now dropped for the past seven straight weeks. The main culprit for the decline this week was the company’s sales report for the past three months. Caterpillar is one company that reports its sales on a monthly basis to investors, and the report for the rolling three months ending in February was very concerning. Sales fell by 13% in that time frame, compared with a decline of only 4% for the previous three month period which ended in January. Sales in the Asia-Pacific market dropped 26%, making that region of the world Caterpillar Inc. (NYSE:CAT)’s worst-performing market for the February reading.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO), meanwhile, dropped nearly 4% on Thursday alone, and they closed the week down 5.33%. The networking technology stock ended the week as the worst Dow component after its closest competitor reported weak demand. Oracle Corporation (NASDAQ:ORCL) reported earnings on Wednesday evening and announced that it was experiencing a lack of demand in nearly every one of its operating segments.

Cisco Systems, Inc. (NASDAQ:CSCO) was also downgraded by a few Wall Street analysts this week, which certainly helped push shares lower. One downgrade came from FBR Capital, and my Fool colleague Rich Smith recently dug into the rating downgrade and gave his opinion on what investors should do with Cisco moving forward.

Page 1 of 2
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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

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!