Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Intel Corporation (INTC), The Procter & Gamble Company (PG): Dow Jones Industrial Average (.DJI)’s Biggest Winners and Losers so Far This Week

Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI)Over the past two-and-a-half trading sessions, the markets have been hit with a number of economic reports, which, for the most part, all point to the idea that the U.S. economy is fully in recovery mode. On Monday, the Commerce Department reported that construction spending increased in May by 0.5% to an annual rate of $874.9 billion, which happens to be the highest level in nearly four years. Tuesday, it was strong auto sales reports from Ford and GM, and an increase in U.S. factory orders in May. Finally, on Wednesday, investors were given confidence from the ADP jobs report, which indicated that 188,000 new private-sector jobs were created in June. Economists were only expecting 160,000, so the report was a great surprise, but investors are holding their breath to see the Labor Department’s report, which comes out tomorrow.

All the strong data helped push the Dow Jones Industrial Average (Dow Jones Indices:.DJI) higher by 78 points, or 0.53%, so far this week. The S&P 500 is up slightly more, 0.56%, while the Nasdaq has increased by 1.18% over the last three trading sessions. Of the Dow Jones Industrial Average (Dow Jones Indices:.DJI)’s 30 components, currently 10 are lower for the week, while the other 20 have moved higher. Let’s take a look at the two biggest losers and winners.

Losers first
Shares of Intel Corporation (NASDAQ:INTC) led all Dow Jones Industrial Average (Dow Jones Indices:.DJI) losers this week, as shares have fallen 1.94%. The bulk of the move came on Monday, despite any pressing news about the company, but the company’s new CEO Brian Krzanich did make comments last Friday that may have caused the move. Brian stated that the company was finally making a concerted push into the mobile chip market. While on the surface this sounds good, if we read between the lines, it tells us that until now, Intel Corporation (NASDAQ:INTC) wasn’t really trying to compete in the mobile market, despite PC sales tanking over the last year. Further, this tells investors that Intel Corporation (NASDAQ:INTC) is way behind the eight ball, and has a long way to come in order to catch up with the competition.

The next worst performer has been Microsoft Corporation (NASDAQ:MSFT), which lost 1.53%. The announcement — which seemed to have come as a true shock to Microsoft Corporation (NASDAQ:MSFT) — that Don Mattrick, the head of the company’s Xbox unit, was leaving to go take the CEO job at Zynga, has been the main reason for the share decline this week. Mattrick had been with Microsoft since 2007, and helped pull the Xbox unit out of the dumps and turn it into one of Microsoft’s most profitable units. This is a major blow to Microsoft Corporation (NASDAQ:MSFT), and the fact that Steve Ballmer is planning on stepping in to direct the unit scares me a little, and tells me that no one at Microsoft had any clue this was coming.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.