Top 10 Losers Today

Published on October 19, 2022 at 7:20 pm by Fahad Ali Khan in News

In this article, we will take a look at the top 10 losers on Wednesday. If you want to see some more companies on the list, go directly to Top 5 Losers Today.

All three major U.S. indices were spotted hovering between red and green during the mid-day trading session on Wednesday. As of 12:12 PM ET, S&P 500 was negative 0.59 percent, Dow Jones Industrial Average was negative 0.19 percent and Nasdaq Composite was down 0.64 percent. Even better-than-expected earnings reports from giants like Netflix, Inc. (NASDAQ:NFLX) and The Procter & Gamble Company (NYSE:PG) weren’t enough to lift the indices.

Shares of Netflix, Inc. (NASDAQ:NFLX) and The Procter & Gamble Company (NYSE:PG) rose sharply this morning after beating profit and sales estimates for their respective quarters. However, many other notable stocks, including Abbott Laboratories (NYSE:ABT), Lowe’s Companies, Inc. (NYSE:LOW) and Ally Financial Inc. (NYSE:ALLY), fell today.

Abbott Laboratories (NYSE:ABT) shares plummeted after the healthcare giant reported a drop in its third-quarter profit and sales, while Lowe’s Companies, Inc. (NYSE:LOW) shares slid after receiving a downgrade from Evercore ISI. Check out the complete article to see some more stocks on the list of top 10 losers today.

10. Olaplex Holdings, Inc. (NASDAQ:OLPX)

Number of Hedge Fund Holders: 18

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) crashed this morning, losing more than 50 percent of their value. The drop came after the beauty company trimmed its sales outlook for the full year, citing macroeconomic challenges, decelerating sales and intensifying competition.

Olaplex Holdings, Inc. (NASDAQ:OLPX) guided for revenue in the range of $704 – $711 million for the year, well below its previous projection between $796 – $826 million. The revised outlook also missed the consensus of $816.51 million.

Meanwhile, JPMorgan downgraded Olaplex Holdings, Inc. (NASDAQ:OLPX) from “Overweight” to “Underweight,” citing a significant cut in its 2022 sales forecast. The research firm also lowered its price target for the stock from $16 per share to $8 per share.

9. Winnebago Industries, Inc. (NYSE:WGO)

Number of Hedge Fund Holders: 20

Shares of Winnebago Industries, Inc. (NYSE:WGO) dropped more than 10 percent this morning apparently following the company’s comments about uncertain market conditions. Winnebago’s CEO Michael Happe expects uncertain market conditions to continue in fiscal 2023.

The cautious commentary also overshadowed the company’s better-than-expected results for its fiscal fourth quarter. Winnebago Industries, Inc. (NYSE:WGO) reported adjusted earnings of $3.02 per share, up from $2.65 per share in the year-ago period and above the consensus of $2.73 per share.

Revenue for the quarter rose 13.8 percent on a year-over-year basis to $1.2 billion, ahead of the consensus of $1.12 billion. Winnebago Industries, Inc. (NYSE:WGO) also released the sales performance of its key business units. Revenue from its Towable segment fell 11.8 percent to $494.2 million, while Motorhome revenue jumped 23.8 percent to $555.8 million in the quarter.

8. Best Buy Co., Inc. (NYSE:BBY)

Number of Hedge Fund Holders: 26

Shares of Best Buy Co., Inc. (NYSE:BBY) turned red in pre-market trading Wednesday after receiving a downgrade from Evercore ISI. The research firm lowered its ratings for the consumer electronics retailer from “Outperform” to “In Line.”

Evercore ISI analyst Greg Melich believes elevated inventory levels and deflation could affect the company’s margins in the second half of 2022. The analyst also trimmed his price target for Best Buy Co., Inc. (NYSE:BBY) from $80 per share to $70 per share.

Like its peers, Best Buy Co., Inc. (NYSE:BBY) shares also lost significant value this year. The stock has plummeted about 35 percent on a year-to-date basis.

7. Northern Trust Corporation (NASDAQ:NTRS)

Number of Hedge Fund Holders: 29

Shares of Northern Trust Corporation (NASDAQ:NTRS) hit a new 52-week low of $77.50 in the mid-day trading session on Wednesday. The drop followed the financial services company’s disappointing profit for the third quarter.

Northern Trust Corporation (NASDAQ:NTRS) reported earnings of $1.80 per share, unchanged from the year-ago period and below the expectations of $1.84 billion. Revenue came in at $1.767 billion, nearly in line with the consensus of $1.77 billion.

Discussing the results, CEO of Northern Trust Corporation (NASDAQ:NTRS), Michael O’Grady, said in a statement:

“Northern Trust’s third-quarter results reflected consistent execution in the face of challenging macroeconomic and market conditions. Revenue grew 7% compared to last year, as the elimination of money market fee waivers and the favorable impact from higher interest rates more than offset market and currency-related declines in trust fees. Expenses increased 9% due to higher headcount and continued inflationary cost pressures.”

Besides Northern Trust Corporation (NASDAQ:NTRS), Netflix, Inc. (NASDAQ:NFLX), The Procter & Gamble Company (NYSE:PG) and Abbott Laboratories (NYSE:ABT) also came into the limelight after releasing their earnings.

6. Generac Holdings Inc. (NYSE:GNRC)

Number of Hedge Fund Holders: 34

Shares of Generac Holdings Inc. (NYSE:GNRC) plummeted over 15 percent in pre-market trading Wednesday after announcing weak financial results for the third quarter. The energy technology solutions provider earned $1.75 per share on an adjusted basis, well below $2.35 per share in the year-ago period.

In addition, Generac Holdings Inc. (NYSE:GNRC) posted revenue of $1.09 billion, up 15 percent on a year-over-year basis. The results missed the consensus of $3.22 per share for earnings and $1.34 billion for revenue.

Generac Holdings Inc. (NYSE:GNRC) also slashed its sales outlook for the full year, citing weak residential revenue. It expects to achieve sales growth in the range of 22 – 24 percent for fiscal 2022, down from its previous growth projection between 36 – 40 percent.

Click to continue reading and see Top 5 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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