Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hewlett-Packard Company (HPQ), Staples, Inc. (SPLS), Pitney Bowes Inc. (PBI): Today’s 3 Worst Stocks

Although we don’t believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes — just in case they’re material to our investing thesis.

Wall Street shrugged off technical oddities that caused a three-hour trading halt in all NASDAQ Composite (INDEXNASDAQ:.IXIC) issues, as the three major U.S. indexes all gained ground. The past few weeks saw stocks slip on growing assurance that the Federal Reserve will begin curbing its asset-buying program next month. Now that the Fed’s tapering is taken as a given, that large cloud of uncertainty has been lifted; the S&P 500 (INDEXSP:.INX) added 14 points, or 0.9%, to end at 1,656 Thursday.

Hewlett-Packard Company (NYSE:HPQ)Hewlett-Packard Company (NYSE:HPQ) was one of the top losers in the S&P, cratering 12.5% today as shareholders sold off after the company’s most recent quarterly report disappointed investors yesterday. The double-digit decline is the largest single-day stumble in more than two years for the PC mainstay. In fact, a major catalyst behind today’s decline is the very fact that HP is a “PC mainstay”; the company is trying to rebrand itself around its enterprise solutions segment, but that was one of the company’s most glaring weaknesses in the most recent quarter.

Staples, Inc. (NASDAQ:SPLS) was again one of the index’s worst performers, losing 1.4%. Of course, Staples investors will take that any day over yesterday’s abysmal 15% slump on the heels of — you guessed it — a disappointing quarterly earnings report. Research outfit Jefferies Group reduced its price target on the office supplier’s shares today, as Wall Street lowers its expectations for the future.

Business equipment company Pitney Bowes Inc. (NYSE:PBI) shed 1.2% Thursday, driving the annual dividend yield on shares to 4.3%. Pitney Bowes offers physical and digital communications solutions, and with physical mail on the decline, the company will have to either expand operations or continue to squeeze more out of each dollar of revenue. Despite declining sales in each of the last four years, Pitney has grown profits by double-digit rates in each of the past two years.

The article Today’s 3 Worst Stocks originally appeared on

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 owns shares of Staples. 

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

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.