Top 10 Losers Today

Published on October 25, 2022 at 6:27 pm by Fahad Ali Khan in News

In this article, we will take a look at the top 10 losers today. If you want to see some more stocks losing value today, go directly to Top 5 Losers Today.

All three major U.S. indices extended their rally in mid-day trading Tuesday, partly lifted by earnings reports of stocks like General Motors Company (NYSE:GM) and The Coca-Cola Company (NYSE:KO).

General Motors Company (NYSE:GM) shares rose after reporting solid profit and sales for Q3 this morning. Moreover, shares of The Coca-Cola Company (NYSE:KO) moved up on better-than-expected results for the third quarter.

Meanwhile, the dropping 10-year Treasury yield also contributed to the surge in the indices. As of 01:06 PM ET, S&P 500 was positive 1.25 percent, Dow Jones Industrial Average was up 0.77 percent and Nasdaq Composite jumped 1.57 percent.

However, many other stocks, including Crown Holdings, Inc. (NYSE:CCK), Corning Incorporated (NYSE:GLW) and General Electric Company (NYSE:GE), dropped following their Q3 results.

In addition, insurance brokerage firm Brown & Brown, Inc. (NYSE:BRO) and New York-based airline JetBlue Airways Corporation (NASDAQ:JBLU), were also among the top 10 losers today. Check out the complete article to see what sent these stocks lower on Tuesday.

Photo by Adam Nowakowski on Unsplash

10. Crane Holdings, Co. (NYSE:CR)

Number of Hedge Fund Holders: 22

Shares of Crane Holdings, Co. (NYSE:CR) turned red this morning after posting mixed financial results for the third quarter. The industrial products company reported adjusted earnings of $1.86 per share, compared to $1.98 per share in the year-ago period but above expectations of $1.84 per share.

On the downside, the quarterly revenue of $815 million slipped 9 percent on a year-over-year basis and missed the consensus of $817.74 million Crane Holdings, Co. (NYSE:CR) also released the sales performance of its flagship units.

Revenue from the aerospace & electronics segment inched down 1 percent to $167 million, while process flow technologies revenue plummeted 16 percent to $250 million in the quarter. In comparison, revenue from the payment & merchandising technologies fell 8 percent to $335 million.

Looking forward, Crane Holdings, Co. (NYSE:CR) narrowed its 2022 adjusted earnings guidance to a range of $7.58 – $7.72 per share, compared to its previous outlook between $7.45 – $7.85 per share.

9. Armstrong World Industries, Inc. (NYSE:AWI)

Number of Hedge Fund Holders: 24

Shares of Armstrong World Industries, Inc. (NYSE:AWI) fell over four percent in mid-day trading Tuesday after posting its Q3 results below expectations and lowering its outlook for the full year.

Armstrong World Industries, Inc. (NYSE:AWI) reported adjusted earnings of $1.36 per share, up from $1.17 per share in the year-ago period but below the consensus of $1.49 per share. Revenue for the quarter rose 11.2 percent versus last year to $325 million, while analysts were looking for $331.97 million

If we look at its segment-wise sales results, mineral fiber revenue rose 9 percent to $233.7 million in the quarter. On the other hand, architectural specialties revenue jumped 17.5 percent to $91.3 million.

For the full year, Armstrong World Industries, Inc. (NYSE:AWI) reduced its adjusted earnings outlook to a range of $4.75 – $4.85 per share, citing an uncertain economic environment.

8. Brown & Brown, Inc. (NYSE:BRO)

Number of Hedge Fund Holders: 29

Brown & Brown, Inc. (NYSE:BRO) specializes in risk management solutions. The company has been providing insurance products and services to both individual and enterprise clients since 1939.

Shares of Brown & Brown, Inc. (NYSE:BRO) plummeted to a nearly four-month low this morning after missing financial expectations for the third quarter. The Florida-based company’s adjusted earnings declined to 50 cents per share, from 58 cents per share in the year-ago period.

In addition, Brown & Brown, Inc. (NYSE:BRO) posted revenue of $927.6 million, up 20.4 percent on a year-over-year basis. The results lagged behind the consensus of 61 cents per share for earnings and $946.12 million for revenue.

7. Cleveland-Cliffs Inc. (NYSE:CLF)

Number of Hedge Fund Holders: 29

Shares of Cleveland-Cliffs Inc. (NYSE:CLF) tumbled over 10 percent in mid-day trading Tuesday. The drop came after the flat-rolled steel producer reported a drop in its third quarter profit and sales.

Cleveland-Cliffs Inc. (NYSE:CLF) attributed the weakness to elevated input costs and maintenance activities. The company reported earnings of 29 cents per share, significantly lower than $2.33 per share in the corresponding period of 2021.

Revenue also decreased to $5.7 billion, from $6 billion in the year-ago quarter. Analysts expected Cleveland-Cliffs Inc. (NYSE:CLF) to post earnings of 49 cents per share on revenue of $5.78 billion.

Like Cleveland-Cliffs Inc. (NYSE:CLF), investors are also closely watching General Motors Company (NYSE:GM), The Coca-Cola Company (NYSE:KO), Crown Holdings, Inc. (NYSE:CCK) after their recent earnings.

6. JetBlue Airways Corporation (NASDAQ:JBLU)

Number of Hedge Fund Holders: 30

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) fell more than six percent after releasing financial results for the third quarter. The low-cost airline reported adjusted earnings of 21 cents per share, missing the consensus of 24 cents.

Revenue came in at $2.56 billion, matching expectations. In addition, JetBlue Airways Corporation (NASDAQ:JBLU) reported an operating margin of 5.4 percent for the quarter, significantly lower than 9.4 percent in the year-ago period. The drop was attributed to elevated costs during the quarter.

Discussing the results, CEO of JetBlue Airways Corporation (NASDAQ:JBLU), Robin Hayes, said in a statement:

“For the third quarter, we reached an important milestone in our recovery as we generated our first quarterly adjusted profit since the start of the pandemic. Looking ahead, we expect our profitability to carry through to another solid quarter of mid-single-digit pre-tax margins in the fourth quarter, and we’ll look to expand on that further in 2023 as we continue to restore our earnings power.”

Click to continue reading and see Top 5 Losers Today.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up