Today’s 3 Worst Stocks: E TRADE Financial Corporation (ETFC), Intuitive Surgical, Inc. (ISRG), Cliffs Natural Resources Inc (CLF)

Just two points from all-time closing highs, the S&P 500 Index latched onto falling jobless claims today, rallying 8.7 points, or 0.56%, to close at 1,563. The index’s advances have been unusually steady recently, with confidence slowly returning to the markets. Quite contrary to the spirit of the moment, the following three S&P members were anything but steady today, for a variety of reasons.

E TRADE Financial Corporation (ETFC)

I’ll be the first to admit that a technologically savvy infant with fully developed vocal chords and linguistic skills is, in all likelihood, a financial genius. But today’s 8.2% decline reminds me that the E TRADE Financial Corporation (NASDAQ:ETFC) baby simply cannot be old enough to have seen a full market cycle. Nor can the adorable cradle-bound young’un be expected to know how to soothe hedge funds, which is a useful skill: The online brokerage’s largest shareholder is set to sell just under 10% of E TRADE Financial Corporation (NASDAQ:ETFC)’s total outstanding shares next Tuesday. That’s not insubstantial, baby.

Rising costs at a Canadian iron ore pellet plant forced Cliffs Natural Resources Inc (NYSE:CLF) to announce plans to pause production at the location today. Capital-intensive businesses like Cliffs Natural Resources Inc (NYSE:CLF) are extremely susceptible to closures like today’s, where infrastructure is already in place, but must be left unused or awkwardly transported. Citing prohibitively high extraction costs per ton about 20% higher than another of its Canadian locations, the stock slumped 4.5% on the news.

Maker of the robotic medical device da Vinci, Intuitive Surgical, Inc. (NASDAQ:ISRG) stumbled 3.8% Thursday after attempting to smooth things over with shareholders about federal safety inquiries. Pointing a finger at a change made in reporting practices rather than issues with its product, a company statement reassured the public that no one, after all, has been reported dead or injured as a result of device malfunction. But that claim is legally controversial, as 30 people died in 2012 in operations done with the machines. Shares have taken a nearly 15% haircut since reports surfaced that the FDA was investigating the company.

The article Today’s 3 Worst Stocks originally appeared on Fool.com and is written by John Divine.

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 recommends Intuitive Surgical. The Motley Fool owns shares of Intuitive Surgical.

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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

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!