Today’s 3 Worst Stocks: Akamai Technologies, Inc. (AKAM), Cliffs Natural Resources Inc (CLF) and More

Rising for a seventh straight day, the S&P 500 Index is on an absolute roll; Monday’s close brought it within a mere 10 points of all-time highs. But even on a day where the CBOE Volatility Index declined to multi-year lows, signaling confidence in equities markets, there were several stocks with unfortunate showings. Let’s look at three of the S&P’s most unfortunate on Monday.

Wall Street can have high expectations, and cloud platform provider Akamai Technologies, Inc. (NASDAQ:AKAM) fell victim to those today. Doing little more wrong than simply maintaining its previously stated first-quarter guidance, the stock tumbled 4.4%. Still expecting earnings of $0.45 to $0.47 per share in the quarter, analysts were looking for $0.50 per share.

Akamai Technologies, Inc. (NASDAQ:AKAM)Oil refining and marketing company Valero Energy Corporation (NYSE:VLO) is today’s second major laggard, falling 3.9%. The stock also made a cameo on Friday’s 3 Worst Stocks segment after it announced it was shifting some operations to the West Coast in what was seen as a potentially capital-intensive strategic shift. The cause of today’s stumble only compounds those concerns, as the company said one of its California hydrocracking units shut down unexpectedly yesterday.

Cliffs Natural Resources Inc (NYSE:CLF) rounds out the last of the underperformers today, having fallen 3.6%. This ore mining company is another business that’s gotten a little too familiar with inclusion on this list, having fallen nearly 35% in the past month alone.

Data from China today showing that industrial production came in below forecasts didn’t help matters; slowing industrial demand in one of the world’s largest and fastest-growing economies means trouble for energy mainstays like Cliffs Natural Resources Inc (NYSE:CLF). Combine that with recent financial woes that forced management to trim the dividend and issue more shares last year, and you can’t blame Wall Street for being a little pessimistic about the company’s prospects.

The article Today’s 3 Worst Stocks originally appeared on Fool.com.

Fool contributor John Divine has no position in any stocks mentioned. You can follow him on Twitter, @divinebizkid, and on Motley Fool CAPS, @TMFDivine.The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

The 20 Biggest Contracts in MLB History

The 7 Worst Blown Calls in Sports History

7 Free Ways to Advertise Your Business Online

The 18 Best R&B Songs of the 90’s

The 10 Most Dangerous States to be a Cop

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!