10 Biggest Losers This Week

Published on October 21, 2022 at 4:15 pm by Fahad Ali Khan in News

In this article, we will take a look at the 10 biggest losers this week. If you want to see some more stocks on the list, go directly to 5 Biggest Losers This Week.

U.S. stocks turned green in the mid-day trading session on Friday, October 21. The surge was apparently driven by reports suggesting that the Federal Reserve may opt for a smaller rate hike in its next meeting. As of 11:49 AM ET, S&P 500 was up 0.71 percent, Dow Jones Industrial Average was positive 0.89 percent and Nasdaq Composite rose 0.78 percent.

Meanwhile, Snap Inc. (NYSE:SNAP), Verizon Communications Inc. (NYSE:VZ) and Tenet Healthcare Corporation (NYSE:THC) made their way into the headlines after posting their Q3 results.

Shares of Snap Inc. (NYSE:SNAP) and Tenet Healthcare Corporation (NYSE:THC) lost nearly 30 percent of their value on Friday morning following their mixed quarterly performances. On the other hand, Verizon Communications Inc. (NYSE:VZ) shares fell after disclosing lower-than-expected wireless subscriber additions for Q3.

Meanwhile, Whirlpool Corporation (NYSE:WHR) and Robert Half International Inc. (NYSE:RHI) also lost some value this week. We will discuss the reasons behind the downward movement of these stocks in the remaining article.

10. The Western Union Company (NYSE:WU)

Number of Hedge Fund Holders: 21

Shares of The Western Union Company (NYSE:WU) fell more than five percent this week. The drop was partly attributed to its preliminary financial results for the third quarter.

The Western Union Company (NYSE:WU) recently announced its preliminary results for Q3. The financial services company expects its sales to decrease around 15 percent versus the same quarter of 2021. The company blamed the suspension of business activities in Russia for the weakness.

Moreover, The Western Union Company (NYSE:WU) also reaffirmed its financial outlook for the full year. It expects its sales to decline in the range of 11 – 13 percent on a year-over-year basis. Moreover, it continues to expect adjusted earnings between $1.75 – $1.85 per share for the same period.

9. PPG Industries, Inc. (NYSE:PPG)

Number of Hedge Fund Holders: 22

Shares of PPG Industries, Inc. (NYSE:PPG) slid over five percent earlier this week after missing profit and sales expectations for the third quarter. The specialty materials company earned $1.66 per share on an adjusted basis, down from $1.69 per share in the year-ago period and below the consensus of $1.83 per share.

Revenue for the quarter inched up two percent versus last year to $4.5 billion but missed the consensus of $4.57 billion. PPG Industries, Inc. (NYSE:PPG) primarily took a hit from inflationary cost pressures during the quarter.

Looking forward, PPG Industries, Inc. (NYSE:PPG) expects adjusted earnings in the range of $1.05 – $1.20 per share for the fourth quarter.

8. Whirlpool Corporation (NYSE:WHR)

Number of Hedge Fund Holders: 24

Shares of Whirlpool Corporation (NYSE:WHR) plummeted over seven percent this week. The home appliances manufacturer recently announced weak financial results for the third quarter amid weak demand.

Whirlpool Corporation (NYSE:WHR) reported earnings of $4.49 per share, behind the consensus of $5.52 per share. Revenue for the quarter fell nearly 13 percent on a year-over-year basis to $5.49 billion, missing the expectations of $5.21 billion.

For fiscal 2022, Whirlpool Corporation (NYSE:WHR) now expects earnings of about $19 per share, down from its previous projection between $22 – $24 per share. The updated outlook also missed the consensus of $21.76 per share.

Speaking on the results, CEO of Whirlpool Corporation (NYSE:WHR), Marc Bitzer, said in a statement:

“While our Q3 results were impacted by ongoing macroeconomic headwinds and continued elevated levels of inflation that resulted in slowing demand, we remain on track to deliver the second-best year in our 111-year history in 2022.”

7. Robert Half International Inc. (NYSE:RHI)

Number of Hedge Fund Holders: 36

Robert Half International Inc. (NYSE:RHI) posted disappointing financial results for the third quarter, sending its shares down more than 10 percent on Friday morning. Overall, the stock has declined nearly 14 percent this week.

The specialized talent solutions firm reported earnings of $1.53 per share, unchanged from last year and below the consensus of $1.62 per share. Revenue came in at $1.833 billion, from $1.713 billion in the corresponding period of 2021. Analysts expected Robert Half International Inc. (NYSE:RHI) to generate revenue of $1.92 billion

Besides Robert Half International Inc. (NYSE:RHI), Snap Inc. (NYSE:SNAP), Verizon Communications Inc. (NYSE:VZ) and Tenet Healthcare Corporation (NYSE:THC) were also among the 10 biggest losers of the week.

6. The Allstate Corporation (NYSE:ALL)

Number of Hedge Fund Holders: 37

Shares of The Allstate Corporation (NYSE:ALL) plummeted nearly 10 percent this week after the Illinois-based insurer announced estimated results for the third quarter that disappointed investors.

The Allstate Corporation (NYSE:ALL) guided for an adjusted loss in the range of $400 – $450 million for Q3. On the contrary, analysts were looking for adjusted earnings of around $256 for the quarter.

Meanwhile, a couple of market research firms cut their price targets for The Allstate Corporation (NYSE:ALL) on Thursday, October 20, following the latest update. Barclays reduced its price target for Allstate from $127 to $112, while Wells Fargo trimmed its price target from $112 to $100.

Click to continue reading and see 5 Biggest Losers This Week.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on November 14, 2025 at by Inan Dogan, PhD

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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