The Walt Disney Company (DIS), Exxon Mobil Corporation (XOM): The Dow’s Biggest Losers of Last Week

Although we don’t believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes — just in case they’re material to our investing thesis.

Last year was a great one for the markets, as the major indexes all moved dramatically higher, but the first few days of 2014 have been less than impressive. On Jan. 2, the year’s first day of trading, the major indexes all lost in a big way. The Dow Jones Industrial Average fell 135 points, or 0.81%, and the S&P 500 declined 16 points, or 0.86%, while the Nasdaq slid by 33 points, or 0.79%.

Those declines put the indexes into positions they couldn’t climb out of on Friday, causing them all to end the week in the red. During this past week, the Dow lost 8.42 points, or 0.05%, while the S&P 500 lost 10.03 points, or 0.54%, and the Nasdaq lost 24.68 points, or 0.59%.

Before we review the Dow’s biggest losers, let’s take a moment to highlight its top performer, The Walt Disney Company (NYSE:DIS), whose shares rose 2.4% this past week, beating out the next best performer by a decent margin. One catalyst for the move was the report that Frozen brought in $28.8 million in ticket sales last weekend, good enough for second place in box office sales — and that’s after it’s been in theaters for a month. Thar kind of showing may be a sign that Frozen could turn into the next big franchise for The Walt Disney Company (NYSE:DIS) to build on.

The Walt Disney Company (NYSE:DIS)

Last week’s big losers
Exxon Mobil Corporation (NYSE:XOM)
 was the biggest Dow loser this past week. Shares lost 1.97% of their value, with most of the drop following a Thursday report from Bloomberg that the company plans to open operations in Russia. These new ventures mark a shift in the company’s previous stance on Russia, which was to stay out after Vladimir Putin’s government confiscated OAO Yukos Oil’s assets. That was more than a decade ago, but some investors may fear it could happen again to Exxon Mobil Corporation (NYSE:XOM).

The second worst finisher was The Procter & Gamble Company (NYSE:PG) , which dropped every trading day and ended the week with a 1.9% loss. With interest rates moving higher, it’s possible that investors who had switched to safe equities — such as stable, dividend-paying blue chip P&G — are moving back to bonds. This past week, the 10-year Treasury bond settled in at a 3% yield, while the 30-year T-bond rose to 3.93%. P&G currently yields 3%.

And coming in third was Verizon Communications Inc. (NYSE:VZ) , down 1.52%. The telecom giant lost most of its value on Friday, after AT&T Inc. (NYSE:T announced that it will begin offering up to $450 to T-Mobile US Inc (NYSE:TMUS) customers who switch to AT&T Inc. (NYSE:T)’s Next plan and buy a phone at full retail price. The move has some observers believing that Verizon Communications Inc. (NYSE:VZ) will need to make a similar offer or lose out on a potentially large amount of business. It’s tough when the competition makes a move and you’re essentially forced to follow suit, but that’s where Verizon Communications Inc. (NYSE:VZ) appears to find itself.

The other Dow losers this week:

  • 3M Co (NYSE:MMM), down 0.64%
  • AT&T Inc. (NYSE:T), down 1.08%
  • Caterpillar Inc. (NYSE:CAT), down 1.15%
  • Chevron Corporation (NYSE:CVX), down 0.7%
  • Cisco Systems, Inc. (NASDAQ:CSCO), down 0.18%
  • E I Du Pont De Nemours And Co (NYSE:DD), down 0.73%
  • General Electric Company (NYSE:GE), down 1.25%
  • Johnson & Johnson (NYSE:JNJ), down 0.54%
  • McDonald’s Corporation (NYSE:MCD), down 0.38%
  • Merck & Co., Inc. (NYSE:MRK), down 0.12%
  • Microsoft Corporation (NASDAQ:MSFT), down 1.01%
  • Nike Inc (NYSE:NKE), down 0.16%
  • Pfizer Inc. (NYSE:PFE), down 0.39%
  • The Coca-Cola Company (NYSE:KO), down 0.49%
  • Travelers Companies Inc (NYSE:TRV), down 0.76

 

The article The Dow’s Biggest Losers of Last Week originally appeared on Fool.com.

Fool contributor Matt Thalman owns shares of Johnson & Johnson, Microsoft, and The Walt Disney Company (NYSE:DIS). Check back Monday through Friday as Matt explains what caused the big winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513The Motley Fool recommends 3M Co (NYSE:MMM), Chevron Corporation (NYSE:CVX), Cisco Systems, Inc. (NASDAQ:CSCO), The Coca-Cola Company (NYSE:KO), Johnson & Johnson, McDonald’s, Nike, The Procter & Gamble Company (NYSE:PG), and The Walt Disney Company (NYSE:DIS) and owns shares of Coca-Cola, General Electric, Johnson & Johnson (NYSE:JNJ), McDonald’s Corporation (NYSE:MCD), Microsoft Corporation (NASDAQ:MSFT), Nike Inc (NYSE:NKE), and The Walt Disney Company (NYSE:DIS).  We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


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