The Walt Disney Company (DIS), The Home Depot, Inc. (HD), Cisco Systems, Inc. (CSCO): Last Week’s Worst Performing Dow Components

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Finally, the Dow’s biggest loser of the week was Cisco Systems, Inc. (NASDAQ:CSCO), which lost 6.83%. Wednesday night’s earnings report met Wall Street’s expectations, but the company lowered its guidance for the remainder of the year and announced plans to reduce its workforce in response to potentially lower revenues in the coming months. The job cuts sank the stock, and my colleague Rick Munarriz asked a great question yesterday: How does the company plan to meet its objectives for business and product growth if it’s laying people off? That’s a question investors are likely to bring up in the future if Cisco Systems, Inc. (NASDAQ:CSCO) continues to miss projected growth rates.

The other Dow losers this week:

(For more information on a stock fell lower this past week, click on the appropriate link.)

The article Last Week’s Worst Performing Dow Components originally appeared on Fool.com and is written by Matt Thalman.

Fool contributor Matt Thalman owns shares of Bank of America, Apple, Microsoft, JPMorgan Chase, Walt Disney, and Johnson & Johnson. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter @mthalman5513.
The Motley Fool recommends 3M, American Express, Apple, Bank of America, Chevron, Cisco Systems, Coca-Cola, Home Depot, Intel, Johnson & Johnson, McDonald’s, Procter & Gamble, UnitedHealth Group, and Walt Disney and owns shares of Apple, Bank of America, General Electric, Intel, IBM, Johnson & Johnson, JPMorgan Chase, McDonald’s, Microsoft, and Walt Disney.

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