Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here Is Why These Five Stocks Are Among Today’s Biggest Losers

Page 1 of 2

With earnings season in full swing, US stocks have dipped into the red territory this morning, as oil prices have extended recent losses, hitting a three-month low. With investors waiting for the earnings reports of online giants Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOGL), let’s have a look at some of the stocks that have found themselves under pressure this morning and the reasons behind their sell-offs.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see more details here).

stock, market, marketing, street, wall, banking, investment, trader, trading, backgrounds, graph, data, growth, business, board, forecasting, ticker, global, number, abstract,

Rawpixel.com/Shutterstock.com

Lower Guidance from Potash

Potash Corporation of Saskatchewan (USA) (NYSE:POT) is down today, after the world’s biggest fertilizer company presented mixed second-quarter results. The company posted adjusted earnings of $0.18 per share, which were in line with analysts’ expectations, on the back of $935 million in revenue, versus a consensus among analysts of $1.14 billion. Potash Corporation of Saskatchewan (USA) (NYSE:POT) has also lowered its full-year profit forecast to $0.40 to $0.55 per share from the previous projection of $0.60 to $0.80 per share and has said it plans to cut its dividend by 60% as potash prices remain weak. Potash Corporation of Saskatchewan (USA) (NYSE:POT) is not a very popular stock among the funds followed by Insider Monkey, with only 23 of them having reported a stake as of the end of the first quarter.

Follow Potash Corp Saskatchewan Inc (NYSE:POT)
Trade (NYSE:POT) Now!

Troubles Ahead For Anavex Life Sciences

It’s all red for Anavex Life Sciences Corp. (NASDAQ:AVXL) as well, continuing yesterday’s massive drop. The company presented an update on the testing of one of its leading candidates Anavex 2-73, designed for the treatment of Alzheimer’s disease. Although it all appeared to go as planned according to Anavex Life Sciences Corp. (NASDAQ:AVXL)’s statement, a closer look at the results showed that patients exhibit signs of memory loss and cognitive decline. Last autumn, after five weeks of treatment, patients showed improvement in five of six cognitive tests; this round, however, only three tests showed improvement. At the end of March, only five funds in our database reported a long position in Anavex Life Sciences Corp. (NASDAQ:AVXL), up from 2 registered three months earlier.

Follow Anavex Life Sciences Corp. (OTCMKTS:AVXL)
Trade (OTCMKTS:AVXL) Now!

Turn the page to read about other three of today’s top decliners.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!