Today's 3 Worst Stocks

A day before the unofficial start of the earnings season, markets pulled back, cashing in on some of the outsized gains seen last week after the fiscal cliff resolution. The S&P 500 Index (INDEX: ^GSPC  ) fell 4.6 points, or 0.31%, on Monday. Although the day's losses hardly have an impact on the index's 14.4% gains in the past year, there were still a handful of notable laggards dragging the market down. 

First Solar (Nasdaq: FSLR  ) was the worst performer in the group of 500, falling 6.6%. Down 11% in the last year, the volatile solar module manufacturer entered into a licensing deal with Intermolecular (Nasdaq: IMI  ) today, attempting to increase the efficiency of its products. The agreement was a sobering reminder that solar power still has quite a way to go before becoming market-competitive with more traditional energy sources. 

Chip maker NVIDIA (Nasdaq: NVDA  ) fell 2.9%, registering as another prominent decliner Monday. After presenting at the annual technology mecca, the Consumer Electronics Show (CES), on Sunday, investors weren't impressed with the company's mobile application processor, the Tegra 4. With the explosive growth of mobile technology leading a paradigm shift in the way people use everyday gadgets, it's vital that NVIDIA understands and succeeds in this new market.

Struggling retailer J.C. Penney (NYSE: JCP  ) also continued to underperform, shedding 3.2%. The stock price has plummeted in the last year, losing more than 40% of its value. Although J.C. Penney continues to struggle to keep up with consumer tastes, it's unlikely to make the same dramatic exit from public consciousness that beleaguered fellow retailer Sears (Nasdaq: SHLD  ) , which was thrown out of the S&P 500 in August after failing to adhere to index float rules. Shares promptly declined 7% on the news. 


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  • Report this Comment On January 08, 2013, at 7:41 AM, rsinj wrote:

    Re: Nvidia

    1. The CES officially opens today

    2. The presentation was Sunday night in advance

    3. The masses will be able to put their hands on the consumer device Nvidia is bringing to market, which you convenient forgot to mention and overnight is now magnitudes more important than Tegra4 chips in phones and likely what everyone at CES is talking about.

    4. When consumers, comprising the bulk of retail investors get their hands on the device, and see the pricing for it, we'll see how impressed they are when they pick up shares of Nvidia.

    5. Nvidia shares had been bid up on Friday in anticipation of CES - just as they are every year. The pullback on Monday was no surprise for anyone who understands the company or how the market trades it.

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