Ten stocks fell sharply on Monday, as investors parked funds while in a wait-and-see mode amid ongoing geopolitical tensions in the Middle East.
Meanwhile, Wall Street’s main indices finished mixed, with the Dow Jones the sole loser, dropping 0.15 percent. The S&P 500 inched up by 0.04 percent, while the Nasdaq increased by 0.36 percent.
In this article, we focus on the 10 worst-performing stocks on Monday and break down the reasons behind their decline.
To come up with the list, we focused on the companies with a $2 billion market capitalization and 5 million shares in trading volume.
Source: Pexels
10. Carnival Corporation & PLC (NYSE:CCL)
Carnival Corporation saw its share prices drop by 7.64 percent on Monday to finish at $29.14 apiece amid the ongoing tensions in the Middle East that propelled oil prices higher and dragged down travel demand.
As of writing, Brent crude and WTI soared by 7.67 percent and 6.68 percent, respectively, amid oil supply risks caused by the war among the US, Israel, and Iran. Thousands of airlines have also been cancelled and rebooked.
Meanwhile, US President Donald Trump said that the strikes may continue over the next four weeks, further dampening appetite for the global tourism and travel sector, including cruise operators, which receive a significant number of passengers from air flyers.
Meanwhile, investors will be closely watching out for Carnival Corporation & PLC’s (NYSE:CCL) business outlook for this year when it announces its earnings performance for the first quarter of fiscal year 2026 late this month.
Based on its historical reporting dates, Carnival Corporation & PLC (NYSE:CCL) may release its results on March 20, 2026.
In other news, Carnival Corporation & PLC (NYSE:CCL) officially published its intention to restructure and unify its two companies listed in the US and the UK.
Under the plan, Carnival PLC would operate as a UK-based entity under Carnival Corporation, while the latter would be renamed to Carnival Corporation Ltd.
It would also create a single stock for all shareholders, from being traded under ticker symbols CCL and CUK at present.
The cruise operator said it expects to secure shareholder approval for the plan on April 17, 2026.
9. Rocket Companies Inc. (NYSE:RKT)
Rocket Companies dropped its share prices by 7.70 percent on Monday to finish at $16.79 apiece, as investors priced in a disappointing earnings performance in both the fourth quarter and full-year periods of 2025.
In an updated report last week, Rocket Companies Inc. (NYSE:RKT) said that it swung to a net loss of $234 million last year from a $636 million net income in 2024, despite a 31 percent jump in revenues to $6.695 billion from $5.101 billion.
In the fourth quarter alone, net income fell by 89 percent to $68 million from $649 million in the same period a year earlier, while total revenues increased by 52 percent to $2.692 billion from $1.769 billion.
For the first quarter of the year, Rocket Companies Inc. (NYSE:RKT) is targeting to generate $2.6 billion to $2.8 billion in revenues, or an implied growth of 151 percent to 170 percent from $1.037 billion in the same quarter last year.
Starting this first quarter, Rocket Companies Inc. (NYSE:RKT) would also reclassify as a direct expense its warehouse interest on loans held for sale from a contra-revenue account.
“This change will increase both our reported revenue and expenses and does not impact our net income or cash flow. The guidance range includes $150 million from this reclassification,” it said.
Hedge Fund Resource Center