The Dow Jones Industrial Average (NYSE:DIA) is up 0.54% and stands at 11,458. The stocks below are among the lagging and declining performers today.
IBM (NYSE:IBM): A disappointing Q3 report is pummeling Big Blue. Investors are taking profits and cutting their losses after IBM’s impressive run since the beginning of the year. Softness in mainframe sales are making matters worse. IBM is down 4.92%.
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Johnson and Johnson (NYSE:JNJ): A mixed Q3 report has the stock moving sideways today. Domestic sales are down, but international sales are up. The earnings per share beat expectations, but revenues fell short of expectations. Johnson and Johnson retains a AAA rating from Standard and Poor’s, once of the few American companies that can make that claim. Johnson and Johnson is up 0.16% today.
Coca-Cola (NYSE:KO): Coca-Cola’s earnings report has left the stock exactly where it was before. Worldwide volume came in with 5% growth. India and China had strong growth, Europe was flat but the exchange rate helped propel revenues. Earnings per share of $1.03 beat estimates by $0.01, revenues were $230 million higher than expected, but the stock market remains neutral. The stock is down a minuscule 0.06%.
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