Ten stocks fell sharply on Tuesday, bucking a broader market rally, as investor sentiment was dampened by disappointing outlooks and earnings results, among others.
Meanwhile, the three major indices all finished in the green, led by Nasdaq with a 0.80 percent gain. The Dow Jones and the S&P 500 both eked out 0.34 percent and 0.23 percent, respectively.
In this article, we focus on Tuesday’s 10 worst-performing stocks and break down the reasons behind their drop.
To come up with the list, we focused on companies with more than $2 billion in market capitalization and 5 million shares in trading volume.
Stock market data on a laptop screen. Photo by Alesia Kozik on Pexels
10. Royal Caribbean Cruises Ltd. (NYSE:RCL)
Royal Caribbean dropped by 8.53 percent on Tuesday to close at $292.95 apiece after missing analyst expectations for revenues in the third quarter of the year.
In an updated report, Royal Caribbean Cruises Ltd. (NYSE:RCL) said revenues grew by 5 percent in the third quarter to $5.139 billion from $4.886 billion in the same period last year, but missed analyst expectations of $5.17 billion.
Attributable net income jumped by 42 percent to $1.575 billion from $1.111 billion year-on-year, while earnings per share (EPS) stood at $5.74, better than company expectations primarily due to higher-than-expected close-in demand and lower costs.
In the nine-month period, revenues increased by 7.8 percent to $13.7 billion from $12.7 billion, while attributable net income grew by 52 percent to $3.5 billion from $2.3 billion.
Looking ahead, Royal Caribbean Cruises Ltd. (NYSE:RCL) expects strong momentum to continue, powered by accelerated demand, growing loyalty, and guest satisfaction.
“While it’s still early in the planning process, our strong booked position gives us confidence for 2026 and beyond. With our proven formula of moderate yield growth, strong cost controls, and disciplined capital allocation, we expect 2026 earnings per share to have a $17 handle, positioning us well to achieve our 2027 Perfecta targets,” said Royal Caribbean Cruises Ltd. (NYSE:RCL) President and CEO Jason Liberty.
9. D-Wave Quantum Inc. (NYSE:QBTS)
D-Wave Quantum dropped its share prices by 8.68 percent on Tuesday to close at $32 apiece as investors resorted to profit-taking following three straight days of gains.
Last week, shares of quantum firms, including D-Wave Quantum Inc. (NYSE:QBTS), surged following a report that the Trump administration was keen on investing in the said industry. However, optimism tapered off on Tuesday after the Commerce Department debunked reports that it was negotiating with several quantum computing firms.
“The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” a spokesperson was quoted as saying in a statement.
Last week, the Wall Street Journal reported that each quantum firm was looking to secure $10 million worth of funding from the government in exchange for government ownership.
Meanwhile, D-Wave Quantum Inc. (NYSE:QBTS) is set to release the results of its third quarter earnings performance in the second week of November, based on historical reporting dates.
8. Rambus Inc. (NASDAQ:RMBS)
Rambus ended three straight days of gains on Tuesday, losing 8.71 percent to end at $103.72 apiece following a dismal net income performance in the third quarter of the year.
In an updated report, Rambus Inc. (NASDAQ:RMBS) said net income ended flat at $48 million, despite total revenues increasing by 22.7 percent to $178 million from $145 million year-on-year.
Product revenues jumped by 40.9 percent to $178 million from $145 million, while contract and other revenues jumped by 34 percent to $20.1 million from $15 million.
Commenting on the performance, Rambus Inc. (NASDAQ:RMBS) President and CEO Luc Seraphin believed that the company “delivered a very strong third quarter” and that it was “well positioned amid strong secular trends in data center and AI to drive long-term profitable growth.”
For the fourth quarter of the year, Rambus Inc. (NASDAQ:RMBS) expects revenues from products to settle between $94 million and $100 million, and from contracts and other revenues to end at $25 million to $31 million.
7. IonQ, Inc. (NYSE:IONQ)
Shares of IonQ fell by 9 percent on Tuesday to close at $57.15 apiece, ending three straight days of rally, as investors began digesting the US government’s denial that it was in talks with quantum companies for a potential investment.
IonQ, Inc. (NYSE:IONQ) dropped alongside its peer, D-Wave Quantum Inc. (NYSE:QBTS), after the Commerce Department debunked reports that it was negotiating with several quantum computing firms.
“The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” a spokesperson was quoted as saying in a statement.
Last week, the Wall Street Journal reported that each quantum firm was looking to secure $10 million worth of funding from the government in exchange for government ownership, similar to other listed firms from different industries that secured million- and billion-dollar investments from the administration.
Meanwhile, investors repositioned portfolios ahead of IonQ, Inc.’s (NYSE:IONQ) third quarter earnings results after market close on Wednesday, November 5.
6. Ondas Holdings Inc. (NASDAQ:ONDS)
Ondas Holdings retreated on Tuesday, losing 9.83 percent to close at $6.79 apiece as investors resorted to profit-taking following a three-day straight gain.
In recent news, Ondas Holdings Inc. (NASDAQ:ONDS) announced its acquisition of a majority stake in 4M Defense Ltd., a leading Israeli smart demining company specializing in advanced demining capabilities, including robotic systems with terrestrial and subsurface AI-powered intelligence technologies.
In line with the acquisition, Ondas Holdings Inc. (NASDAQ:ONDS) said it would provide 4M Defense with access to additional capital, operational scale, and global distribution.
It would also retain the founding leaders of the company to ensure continuity and accelerate integration with its autonomous drone and AI platforms.
“We understand the urgent need for integrated, scalable technologies to address the growing threats posed by landmines and subsurface hazards in many combat-stricken areas around the world, including Israel and Ukraine. With this acquisition, we believe we are positioned to accelerate go-to-market execution, deliver greater operational impact for our customers, and scale rapidly in a mission that truly matters,” the company said.
5. Lufax Holding Ltd (NYSE:LU)
Lufax Holding dropped by 9.97 percent on Tuesday to close at $2.98 apiece as investors digested key leadership changes in the company.
In a statement recently, Lufax Holding Ltd (NYSE:LU) said its chief risk officer, Youn Jeong Lim, officially tendered her resignation effective immediately, due to personal work arrangements. She was replaced by Jianbo Cheng, who has served as the chief risk expert since April 2025.
Prior to his new appointment, he also served as general manager for Pudao Credit Co., Ltd., risk director for the consumer finance department, and vice president of JD.com, among others.
Typically, shares of listed companies fall on announcements of executive changes, especially during immediate resignations and/or the lack of reasons to satisfy shareholders.
4. VF Corporation (NYSE:VF)
VF Corporation snapped a seven-day winning streak on Tuesday, losing 12.22 percent to end at $14.58 apiece after posting a bleak outlook for the third quarter of the fiscal year.
In an updated report, VF Corporation (NYSE:VF) said it expects revenues in the third quarter of the fiscal period to decline by 1 to 3 percent year-on-year.
The company will only benefit from the tariff-induced price hikes in the fourth quarter of the period, according to Chief Finance Officer Paul Vogel.
“We haven’t really raised prices yet… there’s really nothing in Q2, very little in Q3, the pricing really comes in Q4… we’re going to have the impact of tariffs hit us the most in Q3,” he said.
In the second quarter, VF Corporation (NYSE:VF) saw net income soar by 264 percent to $189.76 million from $52.18 million in the same period last year. Revenues grew by 3.7 percent to $2.8 billion from $2.7 billion year-on-year.
“Looking ahead, we will continue to focus on generating value across our brands and returning the company to sustainable and profitable growth,” said VF Corporation (NYSE:VF) President and CEO Bracken Darrell.
3. Olin Corporation (NYSE:OLN)
Olin Corporation fell for a second day on Tuesday, shedding 12.45 percent to close at $21.03 apiece after earning a lower price target from an investment firm and a bleak EBITDA forecast for the fourth quarter of the year.
In a market note, Mizuho Securities downgraded its price target for Olin Corporation (NYSE:OLN) to $25 from $28 previously, but maintained a “neutral” stance for its stock.
The revision followed the company’s fourth-quarter guidance for adjusted EBITDA, which it targets to hit $110 million to $130 million, falling below the consensus estimate of $169 million.
Olin Corporation (NYSE:OLN) said that its guidance includes a $40 million penalty from planned inventory reductions on expected weaker demand.
In the third quarter of the year, Olin Corporation (NYSE:OLN) swung to a net income of $42.8 million from a net loss of $24.9 million in the same period last year. Sales grew by 7.8 percent to $1.7 billion from $1.59 billion year-on-year.
Looking ahead, Olin Corporation (NYSE:OLN) said it expects the fourth quarter of the year to be a weak quarter, saying the period “is typically the weakest seasonal quarter” for its businesses.
“As a result, we expect Olin’s fourth quarter 2025 adjusted EBITDA to be in the range of $110 million to $130 million, which includes a $40 million penalty from planned inventory reductions, supporting our value-first commercial approach. We remain focused on optimizing the core strategic priorities: operating safely and reliably, progressing our Beyond250 structural cost reduction program, and maximizing cash generation. With the actions we are taking, we expect to end this year with net debt comparable with year-end 2024,” said President and CEO Ken Lane.
2. Qfin Holdings, Inc. (NASDAQ:QFIN)
Qfin fell to a 52-week low on Tuesday, as investors took path from a hedge fund manager’s lukewarm stance on the stock.
In intra-day trading, the stock dropped to its lowest price of $20.45 before trimming losses to end the day just down by 13.92 percent at $21.40 apiece.
In the latest episode of Mad Money, host and former hedge fund manager Jim Cramer did not recommend shares of Chinese financial companies.
“The China financials—not for me. I like Alibaba. That’s my only one over there,” he was quoted as saying.
Additionally, investors appeared to have sold off positions amid the lack of fresh developments in the company to boost buying appetite.
Qfin Holdings, Inc. (NASDAQ:QFIN) is a leading AI-empowered credit-tech platform in China. It provides a comprehensive suite of technology services to assist financial institutions and consumers, and small and medium enterprises in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching, and post-facilitation services.
1. Alexandria Real Estate Equities, Inc. (NYSE:ARE)
Alexandria Real Estate fell to a new 52-week low on Tuesday, as investor sentiment was dampened by a disappointing earnings performance in the third quarter of the year.
During the session, the stock declined to its lowest price of $62.56 before trimming losses to end the day just down by 19.17 percent at $62.94 apiece.
This followed the sharp swing to net loss attributable to shareholders in the third quarter of the year, hitting $232.7 million versus a net income of $168 million in the same period last year.
Meanwhile, revenues declined by 5 percent to $751.9 million from $791.6 million year-on-year.
For the nine-month period, Alexandria Real Estate Equities, Inc. (NYSE:ARE) recorded a net loss attributable to shareholders of $348.7 million, reversing an attributable net income of $385 million during the same comparable period.
Looking ahead, Alexandria Real Estate Equities, Inc. (NYSE:ARE) also downgraded the midpoint of its EPS guidance for 2025 to a loss of $2.94 from $0.50 previously. The revision included additional impairments of up to $685 million, which may be recognized in the fourth quarter, among others.
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