What Is Going On With These Falling Stocks?

Shares of Mondelez International Inc (NASDAQ:MDLZ) are 2.5% in the red as the indexes sell off. Given the recent Federal Reserve interest rate hike, investors are a little bit cautious on Mondelez International Inc (NASDAQ:MDLZ), as the company has substantial international operations which will be less profitable if the dollar continues to strengthen. Shares also trade at 21.83 times forward earnings, higher than the average of the S&P 500. Nevertheless, the smart money is bullish as 69 funds from our database owned shares of Mondelez on September 30, up from 20 a quarter earlier. Among these investors are Bill Ackman’s Pershing Square and AQR Capital Management.

Investors aren’t too happy with Swift Transportation Co (NYSE:SWFT) and Celadon Group, Inc. (NYSE:CGI) today, as the values of the stocks are off by 7.55% and 11.7%, respectively. Investors are selling Swift Transportation Co (NYSE:SWFT) and Celadon Group, Inc. (NYSE:CGI) after their industry peer Knight Transportation (NYSE:KNX) cut its fourth-quarter earnings guidance to $0.31-$0.33 per share, down from its previous guidance of $0.36-$0.38 per share, mainly because of fewer non-contracts and lower revenue per total mile. Investors worry that Swift and Celadon could experience the same type of unfavorable trends and report lower than expected quarterly results. A total of 14 funds held shares of Celadon and 38 funds were long Swift at the end of September.

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