10 Biggest Losers Today

Published on October 18, 2022 at 4:44 pm by Fahad Ali Khan in News

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

U.S. stocks extended their rally after the opening bell on Tuesday. As of 12:58 PM ET, S&P 500 was positive 1.14 percent, Dow Jones Industrial Average was up 1.06 percent and Nasdaq Composite rose 0.98 percent. The surge was partly driven by better-than-expected earnings of large-cap companies, including Lockheed Martin Corporation (NYSE:LMT) and The Goldman Sachs Group, Inc. (NYSE:GS).

Shares of Lockheed Martin Corporation (NYSE:LMT) and The Goldman Sachs Group, Inc. (NYSE:GS) rose after beating earnings expectations for Q3. However, financial stocks, including Truist Financial Corporation (NYSE:TFC) and Silvergate Capital Corporation (NYSE:SI), fell today following their weak quarterly performance.

In addition, chip giant Intel Corporation (NASDAQ:INTC) and social media behemoth Meta Platforms, Inc. (NASDAQ:META) were also spotted losing value this morning. We will talk about the reasons behind the downward movement of these stocks in the remaining article.

Photo by Ruben Sukatendel on Unsplash

10. ServisFirst Bancshares, Inc. (NYSE:SFBS)

Number of Hedge Fund Holders: 10

Shares of ServisFirst Bancshares, Inc. (NYSE:SFBS) fell to a nearly three-month low after the opening bell on Tuesday. The drop followed the bank holding company’s lower-than-expected earnings for the third quarter.

ServisFirst Bancshares, Inc. (NYSE:SFBS) earned $1.17 per share during the three months ended September 30, up 22 percent versus the year-ago period but below the expectations of $1.23 per share.

Net interest income increased to $126.4 million, from $96.3 million in Q3 of 2021. In comparison, non-interest income rose 11.4 percent on a year-over-year basis to $8.9 million in the quarter.

Among other updates, ServisFirst Bancshares, Inc. (NYSE:SFBS) reported that average loans climbed 25.8 percent versus last year to $10.92 billion in the quarter. On the other hand, average total deposits inched up 0.4 percent to $11.53 billion.

9. Marten Transport, Ltd. (NASDAQ:MRTN)

Number of Hedge Fund Holders: 11

Shares of Marten Transport, Ltd. (NASDAQ:MRTN) slipped over two percent in pre-market trading Tuesday after the provider of temperature-sensitive transportation services missed profit expectations for the third quarter.

Marten Transport, Ltd. (NASDAQ:MRTN) reported earnings of 32 cents per share, up from 26 cents per share in the year-ago period. However, the numbers were marginally below the consensus of 33 cents per share. The company’s senior management blamed Hurricane Ian and a drop in its intermodal volumes for the weakness.

On the bright side, Marten Transport, Ltd. (NASDAQ:MRTN) posted revenue of $324.4 million, up 29.1 percent on a year-over-year basis and above analysts’ average estimate of $321.41 million.

8. Conn’s, Inc. (NASDAQ:CONN)

Number of Hedge Fund Holders: 12

Shares of Conn’s, Inc. (NASDAQ:CONN) took a deep dive this morning, losing more than 20 percent of their value. The drop came after the home goods retailer announced the departure of its CEO, besides offering a weak sales outlook for Q3.

Conn’s, Inc. (NASDAQ:CONN) reported that its chief executive officer Chandra Holt has decided to step down. The company added that former president Norman Miller would become the interim CEO, effective immediately.

Meanwhile, Conn’s, Inc. (NASDAQ:CONN) now expects its Q3 sales to drop in the range of 21 – 23 percent on a year-over-year basis. The outlook is worse than analysts’ average estimate for a drop of 19.6 percent.

Like Conn’s, Inc. (NASDAQ:CONN), Lockheed Martin Corporation (NYSE:LMT), The Goldman Sachs Group, Inc. (NYSE:GS) and Intel Corporation (NASDAQ:INTC) were also trending today.

7. Silvergate Capital Corporation (NYSE:SI)

Number of Hedge Fund Holders: 23

Shares of Silvergate Capital Corporation (NYSE:SI) plummeted to a nearly three-month low this morning after the crypto-focused bank posted a lower-than-expected profit for the third quarter.

Silvergate Capital Corporation (NYSE:SI) reported earnings of $1.28 per share, up from 88 cents per share in the year-ago quarter, but below analysts’ average estimate of $1.40 per share.

In addition, Silvergate Capital Corporation (NYSE:SI) said its net interest income totaled $84.7 million, up from $39 million in the corresponding period of 2021. However, it was below the consensus of $87.6 million.

6. Hasbro, Inc. (NASDAQ:HAS)

Number of Hedge Fund Holders: 30

Shares of Hasbro, Inc. (NASDAQ:HAS) slid over three percent before the opening bell today. The drop came after the Rhode Island-based company delivered mixed results for the third quarter.

Hasbro, Inc. (NASDAQ:HAS) earned $1.42 per share on an adjusted basis, well below $1.96 per share in the corresponding period of 2021. The entertainment company primarily took a hit from tougher comparisons, elevated inflation and a strong dollar.

Revenue for the quarter also dropped 15 percent versus last year to $1.68 billion. Analysts expected Hasbro, Inc. (NASDAQ:HAS) to post earnings of $1.52 per share on revenue of $1.68 billion.

Speaking on the results, CEO Chris Cocks said in a statement:

“As expected, the third quarter is our most difficult comparison and was further impacted by increasing price sensitivity for the average consumer. To achieve our full-year outlook, we are projecting Hasbro’s fourth-quarter revenue to be approximately flat versus last year on a constant currency basis with particular strength from our Wizards and Digital Gaming segment.”

Click to continue reading and see 5 Biggest Losers Today.

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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