Monday's Market Laggards

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The level of bullish enthusiasm dissipated over the weekend as short-sighted traders moved on from the stimulus expectations from last week. The broad markets declined on a relatively uneventful day, with no Dow Jones Industrials earnings reports released. The unrelenting summer heat did bring some positive news for natural gas producers, as Henry Hub futures increased 6.6% today, cutting into the enormous surplus, which currently sits 16% above the five-year average.



Gain/ Loss %

Dow Jones Industrial Average (INDEX: ^DJI  ) (2.65) (0.02%)
S&P 500 (INDEX: ^GSPC  ) (0.67) (0.05%)
Nasdaq (12.25) (0.41%)
WTI Oil Futures (0.63) (0.70%)

Source: Yahoo! Finance.

Today's laggards
JPMorgan Chase
(NYSE: JPM  ) keep the Dow out of the green today, dropping 2.3% after Deutsche Bank downgraded the bank from "buy" to "hold," stating that the bank was overestimating its earnings power in the near term. This downgrade was the first since reporting its multibillion-dollar trading loss in the first quarter.

A slew of Chinese solar companies were strongly discounted today, as the market continues to increase its inventory coupled with European subsidy reductions, creating a marketplace that is grossly oversupplied. Trina Solar (NYSE: TSL  ) lost 10.54% after reducing its outlook for second-quarter shipments, citing U.S. antidumping tariffs and project delays as the root causes. Other Chinese solar companies fared worse, with Canadian Solar down 15.92%, Suntech Power dropping 14.65%, and Yingli Green Energy tumbling 10.73%.

With one complete quarter under its belt, Facebook (Nasdaq: FB  ) continued its slide after a tumultuous inaugural quarterly earnings release, nudging its all-time low before closing the day down 2.34%. The social-media company is expecting to build out its mobile platform to address revenue opportunities as more users are accessing the site from their smartphones.

Today was a pretty uneventful day, but with European Central Bank President Mario Draghi and U.S. Treasury Secretary Timothy Geithner meeting to coordinate a plan to address the euro debt crisis, the markets could see more movement this week. The markets are sure to remain particularly volatile in the near term, and for this reason we have a recommendation for three dividend stocks that have storied traditions and outstanding balance sheets ever investor should own. Get immediate insight with our free report, "3 Dividend Stocks Investors Need." Don't miss out on this great opportunity.

Joel South owns shares of no company listed above. The Motley Fool owns shares of Facebook and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Facebook. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1964677, ~/Articles/ArticleHandler.aspx, 10/26/2016 5:55:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 8 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/25/2016 4:34 PM
^DJI $18169.27 Down -53.76 -0.30%
^GSPC $2143.16 Down -8.17 -0.38%
S&P 500 INDEX CAPS Rating: No stars
FB $132.29 Down -0.99 -0.74%
Facebook CAPS Rating: ***
JPM $68.80 Down -0.07 -0.10%
JPMorgan Chase CAPS Rating: ****
TSL $10.44 Up +0.02 +0.19%
Trina Solar CAPS Rating: **