It seems nothing can stop or even slow down the markets. On days when positive economic data is released, stocks climb higher. But when negative economic data hits investors, the markets just slightly move lower and sometimes turn positive by mid-afternoon once the sting of the poor data wears off. So the best thing investors can do at this time is sit back and enjoy the ride higher, but prepare themselves mentally for a pullback and don’t panic sell when it happens.
Before we hit the Dow Jones Industrial Average (Dow Jones Indices:.DJI) losers, let’s look at the index’s big winner of the week: Cisco Systems, Inc. (NASDAQ:CSCO). The technology networking company announced earnings after the closing bell on Wednesday, and on Thursday alone, shares rose 12.62%. But over the past five trading sessions, Cisco Systems, Inc. (NASDAQ:CSCO)’s stock price increase by 14.88%. Cisco Systems, Inc. (NASDAQ:CSCO) posted revenue and earnings per share that both beat what analysts were expecting. Furthermore, sales growth in developing nations was very strong and easily made up for the declines seen in Europe and other slowing markets.
The big losers
This week’s worst Dow Jones Industrial Average (Dow Jones Indices:.DJI) performer was Intel Corporation (NASDAQ:INTC), which fell 1.79% during the past five days. On Monday, the share price declined after a Bernstein Research report highlighted a number of issues the company will face in the future, such as lower PC sales and revenue, while increased R&D spending will be need to adequately compete in the mobile market. In addition, a report from Gartner that highlighted weak PC sales in Europe sent Intel’s shares mildly lower during the week.
While the Gartner report hurt Intel Corporation (NASDAQ:INTC), it hammered Hewlett-Packard Company (NYSE:HPQ). The report indicated that Hewlett-Packard Company (NYSE:HPQ) personal-computer sales fell 32% in Europe during the first quarter and sent shares lower by 2.56% on Wednesday. Investors also fled the stock after Dell Inc. (NASDAQ:DELL) came out with a poor earnings report, as investors fear that Hewlett-Packard Company (NYSE:HPQ) will post similar results on May 22.
But not all news was bad for Hewlett-Packard Company (NYSE:HPQ) this week. On Thursday, shares moved higher by 1.86% after the company’s newest tablet/laptop received positive reviews. Hewlett-Packard Company (NYSE:HPQ) is offering a tablet that comes with a keyboard as part of the purchase price, as opposed to the a- la carte options we’ve seen from the other tablet manufacturers. Still, the negative moves this week outweighed the increases, and shares ended last week lower by 1.25%.
