The S&P 500 (NYSE:SPY) is up today by 1.64% and stands at 1,235. Here are three notable and declining stocks.
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Southwest Airlines (NYSE:LUV): Concerns abound about the fact that Southwest’s fleet needs an overhaul. Although the merger with Airtran was supposed to help with this issue, and Southwest is in talks with Boeing about reviving its fleet, the concern is that Southwest will have to maintain older aircraft for a while. Southwest is down 3.85%.
Dover (NYSE:DOV): Another stock that beats estimates and revenues, yet the stock is underperforming. As a global manufacturer, Dover’s prospects are tied to worldwide economic events. The stock is down 2.99%.
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