These 15 large-cap stocks were the worst performers last week. Are they in your portfolio?
- CVS Health Corporation CVS shares tumbled 18.2% after it reported first-quarter sales of $88.4 billion, missing the consensus of $89.21 billion, and adjusted EPS of $1.31 missed the consensus of $1.69m and cut FY24 guidance. Several analysts trimmed the price target.
- Skyworks Solutions, Inc. SWKS shares plummeted 16.8% after the company reported Q2 financial results and issued Q3 revenue guidance with the midpoint below estimates. Several analysts cut the price target on the stock.
- Starbucks Corporation SBUX shares decreased 15.2% following worse-than-expected earnings results for the second quarter of FY24. Multiple analysts lowered price targets on the stock following the release.
- Super Micro Computer, Inc. SMCI shares are down 14.4% after the company posted mixed third-quarter financial results. Few analysts cut and boosted the price target.
- Bruker Corporation BRKR shares decreased 13.8% after the company reported Q1 revenue miss.
- Stellantis N.V. STLA shares declined 13.5% after the company reported a 12% decrease in first-quarter net revenues and a 10% reduction in consolidated shipments.
- DoorDash, Inc. DASH shares declined 13.5% after the company reported mixed Q1 financial results. Most analysts trimmed the price target on the stock.
- Centrais Electricas Brasileiras S.A. EBR shares were down 13.5%.
- MicroStrategy Incorporated MSTR shares dived 12.7% after the company reported Q1 financial results.
- GE HealthCare Technologies Inc. GEHC shares declined 12.5% after it reported first-quarter sales of $4.6 billion, which missed the consensus of $4.8 billion. Some analysts reduced the price target.
- The Carlyle Group Inc. (NASDAQ: CG) shares decreased 12.4% after the company reported Q1 financial results.
- Global Payments Inc. GPN shares were down 11.3% after it reported Q1 financial results and issued guidance.
- Banco Bilbao Vizcaya Argentaria S.A. BBVA shares declined 11.3% after reporting first-quarter FY24 results. The company reportedly confirmed its intention to start talks with Sabadell on a potential merger.
- CDW Corporation CDW shares declined 11.2% after the company reported worse-than-expected Q1 financial results. Analysts trimmed the price target on the stock.
- APA Corporation APA shares are down 10.8% after it reported worse-than-expected Q1 earnings and APA revised FY24 guidance.
Also Read: Which Large Cap Stocks Are Winning This Earnings Season: 15 Stocks To Watch (April 28-May 4, 2024)
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