The Home Depot, Inc. (HD), Caterpillar Inc. (CAT), Travelers Companies Inc (TRV): Was This Week a Turning Point for the Dow?

After a couple of epic weeks and a bullish streak of historic proportions, the Dow Jones Industrial Average looks likely to end this week on a level with last Friday’s closing prices. Positive housing and jobs data battled with negative vibes out of Cyprus, of all places, and we gained as much on the swings as we lost on the carousel.

That doesn’t mean the bull run is dead. Most weeks don’t move the Dow very far in either direction. The last 53 weeks, volatile as they may have seemed, saw only nine weekly moves larger than 2%. Even more surprisingly, bullish weeks haven’t been radically more frequent than bearish weeks. We’re looking back at 30 positive periods versus 23 negative ones.

So which stocks were fighting hard for every yard of weekly gains? Have a look:

Data from Yahoo! Finance.

Home Depot Inc. (NYSE:HD)

The Home Depot, Inc. (NYSE:HD) has surged 40% over the last year, helped by resurgent home sales. But insurance outfit Travelers Companies Inc (NYSE:TRV) fared even better with a 44% gain that added nearly 200 points to the Dow all by itself. The oft-overlooked stock did more than any other Dow component to help us reach all-time highs. Not even Superstorm Sandy could slow down the insurer’s rise to the top, which points to a fantastically well-managed business.

On the downside, Intel Corporation (NASDAQ:INTC) held the Dow back by 53 points as the stock swooned 24%. The PC marketis buckling under an assault from tablets and smartphones, and Intel’s server chips haven’t been able to make up the difference yet.

Last, and definitely least in this context, construction equipment giant Caterpillar Inc. (NYSE:CAT) reduced the Dow by more than 150 points. While this stock seems to tap into the same construction markets that drove The Home Depot, Inc. (NYSE:HD) higher, Caterpillar investors clearly worry more about economic swings and large-scale infrastructure projects.

Next week, the Dow might resume the seemingly stalled bull march. Or it might take a longer breather or even fall a bit. Whatever happens, the upticks are sure to overwhelm the downticks in the long run. Don’t do anything too drastic based on one week of market moves.

The article Was This Week a Turning Point for the Dow? originally appeared on

Fool contributor Anders Bylund owns shares of Intel, but he holds no other position in any company mentioned. Check out Anders’ bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Intel. Motley Fool newsletter services have recommended buying shares of Intel and Home Depot.

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