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.

Why These 5 Stocks Are Taking One on the Chin Today

The markets are off to a weak start this morning amid disappointing earnings reports from tech giants and uncertainty around oil. Among the important stocks which are trading in the red today are Starbucks Corporation (NASDAQ:SBUX), American Airlines Group Inc (NASDAQ:AAL), United Continental Holdings Inc (NYSE:UAL), Kimberly Clark Corp (NYSE:KMB), and Briggs & Stratton Corporation (NYSE:BGG). This article will discuss the reasons behind the declines in these stocks along with analyzing hedge fund sentiment towards each of them.

Starbucks Corporation Misses Estimates

Starbucks Corporation (NASDAQ:SBUX)’s stock has declined by more than 4% this morning after the company reported second quarter earnings after the closing bell yesterday. The coffee chain reported $0.39 per share in earnings on $4.99 billion in revenue, missing the consensus revenue estimate of $5.03 billion. Sales at shops open at least a year grew by 6%, missing the 6.7% growth estimate. The company recently changed its famous loyalty program, which is said to have dented its customer base. The program now rewards customers based on total money spent instead of number of purchases.

Out of nearly 800 hedge funds tracked by Insider Monkey, 61 funds held long positions in Starbucks Corporation (NASDAQ:SBUX) with a total value of approximately $1.80 billion at the end of 2015. David Keidan’s Buckingham Capital Management was one of the major stakeholders of the company as of March 31, with 187,068  shares.

Follow Starbucks Corp (NASDAQ:SBUX)
Trade (NASDAQ:SBUX) Now!

American Airlines Reports Decline in Revenue

American Airlines Group Inc(NASDAQ:AAL)’s stock has plummeted by more than 6% after the company reported its first quarter earnings. The airline posted a profit of $1.25 per share, down from $1.73 per share in the first quarter of last year. The airline said that it continued to profit from the declining fuel prices, as its fuel costs plunged by 33% in the quarter. However, revenue declined by 4% to $9.33 billion, which included a 7.3% revenue decline in the Americas, which impacted the bottom-line results.

Our database of hedge funds shows that 76 hedge funds in our system held long positions in American Airlines Group Inc(NASDAQ:AAL) at the end of the fourth quarter, with a total value of approximately $2.00 billion.

Follow American Airlines Group Inc. (NYSE:AAL)
Trade (NYSE:AAL) Now!

We check out the latest quarterly results at another airline, as well as at two other companies on the next page.

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.