The Best Stock In The Dow Today Is A Company That Missed Earnings

Hurricane Irene 4x3

Insurance giant travellers said net income plunged 63% to 79 cents per share.  Analysts were hoping for around 90 cents per share.

Results were hit hard by a spike in catastrophe-related claims, which cost the insurer $606 million after reinsurance gains.  These catastrophes included Hurricane Irene and Tropical Storm Lee.

But for insurance companies, preparing for catastrophes is part of day-to-day business.

On the sunnier side of things, travellers made more money selling insurance policies during the quarter. Net written premiums rose 4% to $5.67 billion.

Shares are up 5.9%, making it the top stock in the Dow Jones Industrial Average.

In a close second is Intel, which is up 3.9% on a strong earnings announcement.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.