Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Today's 3 Worst Stocks

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.

In a demonstration of just how much Wall Street keeps an eye to the East, markets logged their worst day of the year on Monday as China's GDP slowed more than expected. Although the S&P 500 Index (SNPINDEX: ^GSPC  ) fell 2.3%, it was a small decline when compared to the day's three biggest laggards.

Freeport-McMoRan Copper & Gold (NYSE: FCX  ) ended as the worst performer in the entire 500 stock index, as shares shed 8.3%. It should come as no surprise on a day that saw gold prices post their largest single-day decline in more than 30 years. Gold ended at two-year lows, closing down more than 9%. On record-high trading, the precious metal has fallen nearly 30% since its all-time highs. 

Registering its second straight day as one of the day's 3 Worst Stocks, Cliffs Natural Resources (NYSE: CLF  ) also lost 8.3%, as energy stocks, materials, and industrials got hit particularly hard Monday. It's now down nearly 55% in 2013 alone, hitting a 52-week low during trading today. The company is set to report earnings next Wednesday. Investors seem to be sending the message today that the coal miner may suffer from weaker global demand.

China's new president, Xi Jinping, said earlier in the month that the country's days of "ultra-high speed growth" were through. Today offered some proof of that sentiment, as industrial production slowed from the first quarter of last year. As a result, industrial stocks took a major hit, and construction services company Fluor (NYSE: FLR  ) ended the day as the third-worst performer, slipping 8.2%. Today's trading volume -- more than 15 million shares changed hands -- was more than 10 times its daily average. 

Cliffs Natural Resources has grown from a domestic iron ore producer into an international player in both the iron ore and metallurgical coal markets. It has also underwhelmed investors lately, especially after its dramatic 76% dividend cut in February. However, it could now be looked at as a possible value play due to several factors that are likely to remain advantageous for Cliffs' management. For details on these advantages and more, click here now to check out The Motley Fool's premium research report on the company.

Read/Post Comments (0) | Recommend This Article (4)

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: 2364673, ~/Articles/ArticleHandler.aspx, 9/28/2016 3:27:06 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 6 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

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

9/27/2016 4:45 PM
^GSPC $2159.93 Up +13.83 +0.64%
S&P 500 INDEX CAPS Rating: No stars
CLF $6.06 Up +0.01 +0.17%
Cliffs Natural Res… CAPS Rating: ***
FCX $10.21 Down -0.30 -2.85%
Freeport-McMoRan C… CAPS Rating: ****
FLR $49.25 Up +0.11 +0.22%
Fluor CAPS Rating: ****