Target, Alibaba And Temu Parent PDD Are Among Top 10 Large-Cap Losers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?

1. Target Corporation TGT tumbled 17.83% after the company reported the third-quarter earnings miss, and analysts slashed the price target on the stock.
2. Temu parent PDD Holdings Inc. PDD plummeted 12.22% after the company reported worse-than-expected financial results. Analysts cut the price forecast on the stock.
3. ZTO Express ZTO stock fell 8.50% after the company reported third-quarter results and cut its FY24 guidance for parcel volume.
4. Tenet Healthcare Corporation THC stock dipped 7.54% after Raymond James downgraded the stock from Strong Buy to Outperform.
5. Ulta Beauty, Inc. ULTA fell 7.34% after Berkshire Hathaway cut its position in the stock.
6. Intuit Inc. INTU declined 6.94% after the company reported second-quarter results. Several analysts revised the price forecasts on the stock.
7. Nokia Corporation NYSE: NOK) stock decreased 6.28%. The company secured a multi-year, multi-billion USD contract extension with Bharti Airtel in India.
8. Alibaba Group Holding Limited BABA shares were down 6.16%. The company plans to issue U.S. dollars and Chinese yuan bonds to raise capital, repay existing debt, and support an ongoing stock buyback initiative.
9. Banco Santander SAN stock dipped 5.60%.
10. Incyte Corporation INCY stock declined 5.47% after the company announced that data from its Phase 2 study evaluating MRGPRX4 (INCB000547) in cholestatic does not support further development.

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