The Dow Is Falling. Is the Sky Next? Cisco Systems, Inc. (CSCO), Merck & Co., Inc. (MRK), Wal-Mart Stores, Inc. (WMT)

Page 1 of 2

Oh, how quickly the highs of last week disintegrated. Opening 58 points lower than it closed on Friday, the Dow Jones Industrial Average continues to fall as the morning progresses. New economic and global concerns are making investors concerned, forcing them to consider whether the record highs were justified. Regardless, there are a few companies that just won’t quit, while others take the plunge along with the index.

Cisco Systems, Inc. (NASDAQ:CSCO)Concerns
Factory order information for the month of December was released this morning. And though the news was positive, with a 1.8% increase from November, the growth did not meet analyst expectations of 2.2%. Additionally, orders for core capital goods, a category measured as a proxy of  business investment plans, fell 0.3% in December after 3%-plus growth in both October and November.

Concerns over the European Union have sprung up once again. With political unease lingering in Spain and Italy creating more worries over EU volatility, U.S. investors have matched the European market’s retreat. As elections for Italy’s premier are scheduled for later in the month, investors should expect to see more market movement driven by political concerns.

Winning despite the fall
Regardless of the Dow’s drop, two of the index’s components are up big so far today.

Cisco Systems, Inc. (NASDAQ:CSCO) introduced a new line of products this morning, designed to improve data flow in both data centers and cloud environments. With its new product innovation, Cisco is continuing to deliver on its Unified Data Center initiative, where it looks to create simplified operations, more agile infrastructure, and improved use in data center and multi-cloud environments.

Hewlett-Packard Company (NYSE:HPQ) was also up this morning after introducing the new Pavilion 14 Chromebook — its first foray into a “multi-OS approach.” HP’s first Chromebook features Google Inc (NASDAQ:GOOG)‘s Chrome OS, a divergence from the company’s primary operating system (Microsoft Windows), in order to try and capture some of the Chrome user base. While the Chromebook from HP has pretty unremarkable specs, the company is trying to promote the $330 laptop based on its increased screen size of 14 inches.

Down like the rest of them
Falling the hardest this morning was The Travelers Companies, Inc. (NYSE:TRV) , down 2.02% at the time of this writing. Travelers has been an analyst darling during the past week, with upgrades and price-target raises galore. But with uncertainty increasing, the company will have to post some good news if it wants to keep its 9% rise from January. Without meaningful business gains, the company cannot rest on the shoulders of analysts and hope to continue moving upward.

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 Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!