Why The Dow Jones Industrial Average Fell Today - December 30, 2015

Stocks to Watch: MBIA, CHK, AAPL, AGO, TWTR, WTW

  • Stocks to Watch No. 1, MBIA: Shares of MBIA Inc. (NYSE: MBI) slipped 3% on news Puerto Rico will skip several debt payments due this week, which will trigger the island's second default of 2015. Governor Alejandro García Padilla said the island government is focusing on its most important debt. However, that has triggered concerns across the bond markets and any companies servicing its debt. Shares of Assured Guaranty Ltd. (NYSE: AGO) were off 1.3% as well.
  • Stocks to Watch No. 2, CHK: Shares of the nation's second-largest natural gas producer, Chesapeake Energy Corp. (NYSE: CHK), continued to crater. The stock fell another 3.1% as oil and natural gas prices continue to decline. CHK stock was the worst performer of 2015 on the S&P 500, falling roughly 77% over the last 12 months. Suppressed commodity prices have made it very difficult for the company to handle the large amount of debt on its balance sheet.
  • Stocks to Watch No. 3, AAPL: Shares of Apple Inc. (Nasdaq: AAPL) fell another 1.3% after the technology giant announced it will pay the Italian government roughly $350 million (318 million euros) to settle a tax dispute with the country. The dispute is part of a large effort by the European Union to force international companies to pay taxes in every nation where it conducts business.
  • Stocks to Watch No. 4, WTW: Shares of Weight Watchers International Inc. (NYSE: WTW) popped more than 18% after an emotional new advertisement featuring spokeswoman and investor Oprah Winfrey hit social media. This morning, Winfrey posted the advertisement to 30 million followers on Twitter Inc. (NYSE: TWTR) and said, "I believe in the program so much I decided to invest in the company and partner in its evolution."
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