The Week’s Market Losers: Best Buy, Altria, And More

247wallst — Sat, 02 Jul 2011 12:29:03 +0000

Investment bank UBS suggested that smartphone sales have slowed and the the weakest companies in the sector, which includes Motorola Mobility (NYSE: MMI) , might be crippled long-term

Best Buy (NYSE: BBI) was hit with a racial profiling suit.

Tobacco stocks were pressured as Australia pressed for more stringent warnings on packages, a trend which has spread in other developed countries recently

Douglas A. McIntyre

BIGGEST STOCK PRICE LOSERS

FOR WEEK, MONTH (JUNE) AND YEAR-TO-DATE AS OF JUNE 30

S&P 500 WEEK: BOTTOM 10 (24 JUN – 30 JUN)	Ticker	Weekly Price Change (%)	Close Price 30Jun11	Close Price 24Jun11	Market Cap ($Mil)
Motorola Mobility Holdings, Inc.	MMI	-4.6	22.04	23.11	7194.7
Best Buy Co. Inc.	BBY	-3.3	31.41	32.48	11665.4
Lorillard, Inc.	LO	-1.5	108.87	110.49	15786.0
Altria Group Inc.	MO	-1.4	26.41	26.79	56374.9
Urban Outfitters Inc.	URBN	-1.0	28.15	28.43	4514.4
McCormick & Co. Inc.	MKC	-0.9	49.57	50.00	6551.9
Windstream Corporation	WIN	-0.6	12.96	13.04	6614.3
Molex Inc.	MOLX	-0.5	25.77	25.91	4099.5
Quest Diagnostics Inc.	DGX	-0.5	59.10	59.41	9466.1
The Sherwin-Williams Company	SHW	-0.3	83.87	84.13	8731.1
Source: Capital IQ

Filed under: Research Tagged: BBY, DGX, LO, MKC, MMI, MOLX, SWH, URBN, WIN

Day Trader Alert: Big Pre-Market Drops on Guidance (MOLX, STM, VPRT, WSM)

247wallst — Wed, 29 Oct 2008 08:01:26 +0000

We have seen earnings disappointments or guidance disappointments from many companies over the recent weeks. Molex Inc. (NASDAQ: MOLX), STMicroelectronics N.V. (NYSE: STM), VistaPrint (NASDAQ: VPRT), and Williams-Sonoma (NYSE: WSM) are all trading lower this morning after their earnings and guidance.

Molex Inc. (NASDAQ: MOLX), an electronics component company, slashedguidance due to the weakening trends. The company took its guidancedown to $0.18 to $0.22 EPS after a $0.04 restructuring item, and tookrevenues down to $750 to $800 million. First Call estimates were $0.35EPS and $over $851 million in revenues. Shares are indicated lowerdown to around $13.00 after closing at $14.44 yesterday. Shares weredown to $12.67 in after-hours trading Tuesday, and the 52-week tradingrange before this was $12.96 to $30.61.

STMicroelectronics N.V. (NYSE: STM) announced that its earnings havenow swung to a loss and announced lower guidance for the comingquarter. It has not gone out on a limb to call 2009 yet, but so faroverseas trading has this one down. Shares were trading even worsethan this earlier this morning, but shares are down 3.5% at $8.36pre-market. Its 52-week trading range is still intact at $7.42 to$17.25.

VistaPrint (NASDAQ: VPRT) is trading sharply lower. The onlineprinter for marketing materials and business forms slashed guidanceafter yesterday’s close, but its past quarter was stronger thanexpected with a 35% gain in average daily order volume. Shares areindicated down 16% on this volume at $20.29. This will mark new recentlows as the 52-week trading range of $20.71 to $48.60.

Williams-Sonoma (NYSE: WSM) is indicated down by roughly 10% pre-marketafter the company issued a strong earnings warning for the second halfof the year. It now sees a loss for this last quarter and next quarterhas been more than cut in half. With overly pricey kitchen items, itis obvious that price-conscious consumers are opting to go tocheaper competitors to buy the same items for less. Its 52-weektrading range may remain intact today as that has been a range of $9.01to $31.88. This was a $45.00 stock back in 2006.

Jon C. Ogg
October 29, 2008

Posted in Earnings, HI/LOW, Trading Alert Tagged: MOLX, STM, VPRT, WSM

24/7 Wall St. » MOLX

The Week’s Market Losers: Best Buy, Altria, And More

Day Trader Alert: Big Pre-Market Drops on Guidance (MOLX, STM, VPRT, WSM)