Despite the Nikkei (NYSE:EWJ) rallying back before the Dow’s (NYSE:DIA) open on Wednesday, the Dow (NYSE:DIA) dropped 242 points. The 2.04% drop erased all of the Dow’s (NYSE:DIA) gains for 2011 to date. The S&P 500 (NYSE:SPY), also saw all of its gains vanish for the year as it dropped 1.95%.
In other news, Guess (NYSE:GES) released earnings, and others were affected by the nuclear crisis in Japan. Do all of these stocks deserve your attention?
1) Guess? Inc. (NYSE:GES): Shares are down 5.5% in late trading as the company gave a weak outlook for 2011. For the first quarter, the company expects earnings of 41 cents to 44 cents. This was well below analysts estimates of 62 cents. Despite the disappointing outlook, the company did report a 19% increase in earnings for the fourth quarter.
2) Peabody Energy (NYSE:BTU): This coal company jumped nearly 4% on Wednesday. Investors are seeking out alternatives to nuclear energy. Thus, coal and natural gas companies are bucking the downward trend. Shares of BTU are up over 9% since Friday.
3) Range Resources (NYSE:RRC): The company engages in acquisition and development of natural gas in the United States. Although the S&P 500 was down nearly 2%, shares of RRC were up 3.81%. Shares have remained strong all year, as YTD the stock is up nearly 16%.
4) Caterpillar (NYSE:CAT): This Dow heavyweight manufactures mining and construction equipment, along with natural gas engines and diesel electric locomotives across the globe. Shares dipped .35% on Wednesday, but was easily the best performer in the Dow (NYSE:DIA). Investors may also find refuge in its 1.7% dividend and $64 billion market cap. Don’t Miss: Industrial and Capital Goods ETF: The Top Exchange Traded Fund for Your Investing Watchlist.
Disclosure: No positions