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

After managing to become the top Dow performer two weeks ago, shares of The Boeing Company (NYSE:BA) fell 1.86% this past week. The decline was also large enough to make Boeing the third worst performing Dow component. Shares began falling at the start of the week when the largest commercial airline deal ever was announced and Boeing wasn’t part of it.

Lion Air, operating out of Indonesia, signed a deal with Boeing’s closest competitor, Airbus, for 234 planes, worth more than $24 billion. Just last year, Lion Air signed a deal with Boeing for 230 planes and an option to buy 150 more. The new purchase agreement with Airbus represents not only a lost customer, but also a lost opportunity to sell those additional 150 planes.

Big aluminum producer Alcoa Inc (NYSE:AA) also fell this week. Alcoa’s stock price dropped 2.08% over the past five days, but most of that drop came on Tuesday, when shares lost more than 1%. The catalyst on Tuesday was when Norsk Hydro, a European competitor, was downgraded by Nordea Bank, in part because aluminum prices have been weak and aren’t showing signs of recovering. The price of aluminum is down over the past year as stockpiles of the metal continue to rise in countries such as China.

Other Dow losers this week were Du Pont, which closed lower by 1.2%; JPMorgan Chase & Co. (NYSE:JPM), down 2.47%; Intel Corporation (NASDAQ:INTC), down 0.23%; Bank of America Corp (NYSE:BAC), down 0.08%; Exxon Mobil Corporation (NYSE:XOM), down 0.09%; General Electric Company (NYSE:GE), down 0.29%; McDonald’s Corporation (NYSE:MCD), down 0.4%; UnitedHealth Group Inc. (NYSE:UNH), down 0.49%; The Walt Disney Company (NYSE:DIS), down 1.38%; Merck & Co., Inc. (NYSE:MRK), down 0.43%, and International Business Machines Corp. (NYSE:IBM), down 1.32%.

The article Last Week’s Big Dow Losers originally appeared on Fool.com and is written by Matt Thalman.

Fool contributor Matt Thalman owns shares of Bank of America, JPMorgan Chase, and Walt Disney. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513.The Motley Fool recommends Cisco Systems, Intel, McDonald’s, UnitedHealth Group, and Walt Disney and owns shares of Bank of America, General Electric, Intel, IBM, JPMorgan Chase, McDonald’s, Oracle, and Walt Disney.

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