Ten stocks ended the first trading day of the week on a lackluster note, bucking a broader market rally, as investors mostly repositioned portfolios ahead of second-quarter earnings results.
On Wall Street, the Nasdaq rose 0.27 percent, the S&P 500 increased 0.14 percent, and the Dow Jones went up by 0.20 percent.
In this article, let us explore the names of the 10 worst-performing stocks alongside the reasons behind their drop.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and over 5 million shares in trading volume.
10. Dow Inc. (NYSE:DOW)
Dow Inc. declined for a second day on Monday, losing 4.4 percent to close at $28.25 apiece as investors repositioned portfolios ahead of the release of its earnings results next week.
Based on information posted on its website, Dow Inc. (NYSE:DOW) will report its financial and operating performance for the second quarter of the year on July 24, 2025.
Investors appeared to be cautious amid the company’s ongoing operational challenges that will see the shutdown of three upstream assets in Europe beginning next year and another 800 jobs cut, on top of the 1,500 announced in January.
“Our industry in Europe continues to face difficult market dynamics, as well as an ongoing challenging cost and demand landscape,” said Dow Inc. (NYSE:DOW) Chairman and CEO Jim Fitterling.
”Looking ahead, we remain committed to realizing the value of our incremental growth investments and enhancing profitability and cash flow through more than $6 billion in near-term cash support,” he added.
Dow Inc. (NYSE:DOW) said that the initiatives will result in higher operating EBITDA of $200 million by year-end.
Meanwhile, the workforce reduction forms part of the company’s $1 billion cost-saving measures.
9. Halliburton Company (NYSE:HAL)
Halliburton dropped its share prices by 4.59 percent on Monday to close at $22.02 apiece, as investors repositioned portfolios ahead of its expected earnings release this week.
Based on its historical earnings reporting dates, Halliburton Company (NYSE:HAL) is set to report its second quarter financial and operating results anytime this week or early next week.
Investors will be closely watching out for its earnings results, especially following a slump in its net income in the first quarter of the year.
During the period, Halliburton Company’s (NYSE:HAL) attributable net income fell by 66 percent to $204 million from $606 million registered in the same period last year.
Revenues, on the other hand, were lower by 6.7 percent to $5.4 billion from $5.8 billion year-on-year.
Last month, Halliburton Company (NYSE:HAL) bagged a new contract to design and drill wells for GeoFrame Energy’s geothermal and direct lithium extraction project. Work is expected to begin in late 2025.
8. Micron Technology, Inc. (NASDAQ:MU)
Micron Technology declined by 4.75 percent on Monday to close at $118.61 apiece as investors unloaded positions amid the lack of fresh catalysts to boost investing appetite.
On July 22, shareholders of Micron Technology, Inc. (NASDAQ:MU) as of July 7 record will expect to receive $0.115 per share of quarterly dividends, after the company posted a robust earnings performance during the last reported period.
In the third quarter of fiscal year 2025, Micron Technology, Inc. (NASDAQ:MU) expanded its net income by 468 percent to $1.885 billion from $332 million in the same period last year.
Revenues increased by 36.5 percent to $9.3 billion from $6.8 billion year-on-year.
“We are on track to deliver record revenue with solid profitability and free cash flow in fiscal 2025, while we make disciplined investments to build on our technology leadership and manufacturing excellence to satisfy growing AI-driven memory demand,” said Chairman, President, and CEO Sanjay Mehrotra.
7. Fortuna Mining Corp. (NYSE:FSM)
Fortuna Mining declined by 4.78 percent on Monday to end at $6.58 apiece as investors unloaded positions ahead of the company’s second quarter earnings results.
Based on its historical earnings reporting dates, Fortuna Mining Corp. (NYSE:FSM) will release its financial and operating results in the first week of August 2025.
In recent news, the company reported robust production results in the second quarter of the year, booking 61,736 ounces of gold produced, or 10 percent higher than the 56,000 ounces in the same period last year. The figure was also higher by 4.9 percent than the 58,820 ounces in the first quarter of the year.
Meanwhile, Gold equivalent production from ongoing operations ended at 71,229 ounces compared with 71,368 gold equivalent ounces (GEO) in the second quarter of 2024 and 70,386 in the first quarter of the year.
6. BRF S.A. (NYSE:BRFS)
BRF extended losses to a second day on Monday, dropping 5.64 percent to close at $3.68 apiece as investors took path from a minority shareholder’s official exit from the company and another round of delay in its proposed merger with Marfrig.
On Monday, minority shareholder Previ—a pension fund based in Brazil- said that it sold its stake in BRF S.A. (NYSE:BRFS) for $340.31 million to mitigate risks from the ongoing merger between the latter and Marfrig.
This followed the Brazilian securities regulator’s second time to postpone the voting anew, following the receipt of new requests to postpone the meeting.
It can be recalled that BRF S.A. (NYSE:BRFS) originally scheduled a shareholder meeting on June 18 to vote on its planned merger with Marfrig and adopt the new name, MBRF Global Foods Company.
The proposed merger has already gained the approval of the antitrust authority in Brazil.
Marfrig is the majority stakeholder of BRF S.A. (NYSE:BRFS), with both firms sharing the same chairman.
5. Astera Labs, Inc. (NASDAQ:ALAB)
Astera Labs fell for a third day on Monday, shedding 5.82 percent to close at $90.32 apiece as investors repositioned portfolios ahead of the expected release of its earnings performance.
According to the company, it will release its financial and operating results on August 5, 2025, after the market closes.
For the second quarter of the year, Astera Labs, Inc. (NASDAQ:ALAB) earlier said that it expects revenues to settle within a range of $170 million to $175 million with gross margin of approximately 74 percent.
Operating expenses are expected to range between $113 million and $115 million, while diluted earnings per share were pegged at $0.10 to $0.11.
In the first quarter of the year, Astera Labs, Inc. (NASDAQ:ALAB) swung to a net income of $31.8 million from a $93-million net loss in the same period last year.
Revenues more than doubled to $159 million from $65 million year-on-year.
4. The Gap, Inc. (NYSE:GAP)
The Gap Inc. declined by 6.13 percent on Monday to end at $21.43 apiece as investors unloaded portfolios following the ex-dividend date for its second quarter dividend payout.
In May this year, The Gap, Inc. (NYSE:GAP) said its board of directors approved the distribution of dividends worth $0.165 per share to shareholders as of the July 9 record date. Payments will be made on July 30, 2025.
Based on its historical earnings reporting dates, The Gap, Inc. (NYSE:GAP) is set to announce its second-quarter earnings in the fourth week of August 2025.
In the first quarter ending May 2025, The Gap, Inc. (NYSE:GAP) grew its net income by 22 percent to $193 million from $158 million in the same period last year.
Net sales dipped by 2 percent to $3.46 billion from $3.39 billion year-on-year.
3. Venture Global, Inc. (NYSE:VG)
Venture Global dropped its share prices by 6.15 percent on Monday to end at $16.78 apiece as investors appeared to have taken profits following two straight days of gains buoyed by its recent LNG purchase agreement with a European firm.
In a statement last week, Venture Global, Inc. (NYSE:VG) said it entered into an agreement with Securing Energy for Europe GmbH (SEFE), under which the latter’s subsidiary, SEFE Energy GmbH, will secure an additional 0.75 million tons per annum (MTPA) of LNG from Venture Global, Inc.’s (NYSE:VG) CP2 LNG for a contract period of 20 years.
The announcement amends the existing sales and purchase agreement signed by the companies in 2023, increasing the total volume of LNG purchased by SEFE from CP2 LNG to 3 MTPA.
Venture Global, Inc. (NYSE:VG) is expected to become Germany’s largest LNG supplier, with a combined 5 MTPA of 20-year offtake agreements signed with SEFE and EnBW.
In addition to its existing long-term agreements, it also supplied Germany with almost 80 cargoes of LNG from its Calcasieu Pass and Plaquemines LNG facilities, which are capable of powering 8 million German homes for one year.
2. Sandisk Corporation (NASDAQ:SNDK)
Sandisk Corp. dropped its share prices by 7.83 percent on Monday to end at $42.48 apiece as investor sentiment appeared to have been dampened by a report suggesting that demand and pricing for computer memory could dampen in the second half of the year.
In a market report, Edgewater said that it believes demand and pricing for computer memory were better in the first half of 2025.
Additionally, it said demand and pricing will be subseasonal in the second half, implying that things could go worse.
In the third quarter of fiscal year 2025, Sandisk Corporation (NASDAQ:SNDK) swung to a net loss of $1.9 billion from a $27 million net income in the same period last year.
Revenues dipped by 1 percent to $1.695 billion from $1.7 billion year-on-year.
For the upcoming fourth quarter earnings, Sandisk Corporation (NASDAQ:SNDK) expects revenues to settle between $1.75 billion and $1.85 billion, with a gross margin of 25.3 to 26.7 percent.
1. MicroCloud Hologram Inc. (NASDAQ:HOLO)
MicroCloud Hologram declined by 14.91 percent on Monday to end at $5.88 apiece as investors appeared to have taken profits following four consecutive days of gains.
Last week, MicroCloud Hologram Inc. (NASDAQ:HOLO) announced investing up to $200 million in Bitcoins and cryptocurrency-related securities derivatives, generating as much as $34 million in income.
According to the company, it currently holds $394 million in cash reserves and plans to allocate the total amount toward derivatives and technology development in cutting-edge fields such as Bitcoin-related blockchain, quantum computing, quantum holography, and AI-powered AR.
MicroCloud Hologram Inc. (NASDAQ:HOLO) said that purchasing Bitcoin and cryptocurrency derivatives is a key initiative in its exploration of the cryptocurrency market, helping it gain insights into market mechanisms, price fluctuations, and investment strategies.
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