Why These 5 Stocks Fell on Monday

In this article we take a look at five stocks that have declined on Monday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Fell on Monday.

5. NVIDIA Corporation (NASDAQ:NVDA) has fallen 4.9% on Monday due to the broader tech sell off. Given that NVIDIA Corporation (NASDAQ:NVDA) stock has rallied over 50% year to date, some investors could also be taking some profits. Of the around 873 elite funds in our database, 86 were long NVIDIA Corporation (NASDAQ:NVDA) at the end of Q2.

4. Advanced Micro Devices, Inc. (NASDAQ:AMD) is down 2% due to the weakness in the semiconductor sector on Monday. The semiconductor sector is likely weaker due to the weakness in the tech sector. The tech sector is weaker due to the weakness in Facebook and the expected rise in Treasury yields in the future. The number of elite funds long Advanced Micro Devices, Inc. (NASDAQ:AMD) in our database rose by 1 from the prior quarter to 63 at the end of the second quarter.

3. PayPal Holdings, Inc. (NASDAQ:PYPL) is down almost 4% due to weakness in the tech sector, which affects the company’s relative valuation. Given Facebook shares have declined substantially, some investors might be selling PayPal Holdings, Inc. (NASDAQ:PYPL) to buy shares of Facebook instead.  Of the around 873 elite funds in our database, 63 were long PayPal Holdings, Inc. (NASDAQ:PYPL) at the end of the second quarter.

2. Visa Inc. (NYSE:V) is down 2.2% due to the broader market sell off. The company also faces macroeconomic uncertainty from the fact that Congress hasn’t approved the increases in the debt limit yet. Visa Inc. (NYSE:V) was among the top 10 most widely held ‘smart money’ stocks at the end of Q2 in our database.

1. salesforce.com, inc. (NYSE:CRM) is down 1.7% due to the broader market weakness and lower tech relative valuations as a result of the Facebook news. With Facebook’s sell off, the NASDAQ is lower, and that has also been a headwind for salesforce.com, inc. (NYSE:CRM) stock today. Ken Fisher‘s Fisher Asset Management owned 13.4 million shares of salesforce.com, inc. (NYSE:CRM) at the end of June.

Disclosure: None.