The major U.S. stock indices ended the day in the red Thursday, although they closed significantly higher than their session lows. Investors continued to analyze the Federal Reserve'smeeting minutes (released Wednesday) and investors mulled over the change Wells Fargo (WFC) - Get Report made in its C-Suite.

The Dow Jones Industrial AverageI:DJI finished lower by 45.26 points, or 0.25%, the S&P 500 I:GSPCclosed down 6.63 points, or 0.31%, and the Nasdaq Composite I:IXIC  ended the session off 25.69 points, or 0.49%. Now, let's take a look at three stocks that made much larger moves, figure out whether you should still own them and look at some other investing options.

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As a whole, the airline industry performed rather well Thursday, notably American AirlinesGroup, Alaska Air Group and Southwest Airlines, gaining 5%, 3.6% and 3.4%, respectively. These moves were likely due to comments from Delta Air Lines' (DAL) - Get Report  management following the company's earnings release. Delta plans to reduce capacity growth to just 1% moving forward and noted that it's likely the industry as a whole is around the low point in terms of pricing.

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Overall Delta reported a strong third quarter and just missed last year's numbers; something most analysts would agree wouldn't have happened if the company hadn't suffered an outage in August that caused Delta to cancel more than 2,000 flights. The airline industry is very cyclical and difficult to invest in because many outside factors can influence it. With the likelihood that oil prices will continue to increase and the dollar will stay strong, investors are better off looking elsewhere.

Shares of Cabot Oil & Gas (COG) - Get Report fell as much as 7% on Thursday and closed 4.6% lower on news that regulators were requesting further information from Pennsylvania landowners regarding an important pipeline project that Cabot would use.

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Williams Partners LP (WPZ) , the company that will construct the pipeline, released a statement saying that the Federal Energy Regulatory Commission's request for further information suggests a "potential delay" to the commission's review of the project, Bloomberg reported

If there is a major delay, both companies will see analysts lower expectations for the coming quarters, and each company may have to lower its own guidance. As for investors, if you already own either stock you should sit tight, while those considering buying either company may want to use these declines as an opportunity to start building a position. Even though the project may be delayed, it still seems likely to be completed eventually.

Lastly, we have Freeport-McMoRan (FCX) - Get Report , which fell 4.1% on Thursday after a report from China indicated the nation's copper imports fell by more than 25% last month from September 2015. Furthermore, September marked the sixth straight month that China's copper imports fell.

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China's decreasing imports are very concerning to market participants and a sign that Freeport is likely heading down a difficult road. While Freeport isn't tied solely to copper or China, the metal is still important for the company's growth. Investors may want to cut their losses now, before things get any worse.


Just because Freeport-McMoRan may not be a good buy, doesn't mean you can't buy any stocks today! Here is a list of seven companies that you can profit from, regardless of what the markets do. Each one of these powerful, yet overlooked companies barely notices when the market tumbles. And they'll skyrocket when it rebounds. You can pick up all seven for pennies on the dollar right now. Get their names here before it's too late.

The author is an independent contributor who at the time of publication owned none of the stocks mentioned.