5 of Last Week's Biggest Losers

There's never a shortage of losers in the stock market. Let's take a closer look at five of this past week's biggest sinkers.

Company

May 31

Weekly Loss

Frontline (NYSE: FRO  )

$1.86

19%

Velti (NASDAQOTH: VELTF  )

$1.76

13%

Yingli Green Energy (NYSE: YGE  )

$2.85

11%

Portugal Telecom (NYSE: PT  )

$4.21

10%

Exelon (NYSE: EXC  )

$31.34

10%

Source: Barron's.

Let's start with Frontline. The oil tanker company posted a narrower loss than Wall Street was expecting, but a gloomy outlook sank the shares. Frontline has a big debt repayment milestone in two years, and it fears that an oversupply of tankers is holding back the recovery it needs if it doesn't want to run out of money.

Velti continues to slide after posting disappointing quarterly results earlier in the month. Shareholders of the Irish mobile marketing services provider have been slammed hard in recent months. The stock has shed 83% of its value since peaking last summer.

Yingli Green Energy was no solar-energy star after posting fresh quarterly financials. Yingli's revenue exceeded expectations, but this was the fourth consecutive quarter in which it posted a much wider loss than the deficit analysts were forecasting.

Another analyst has soured on Portugal Telecom. Berenberg Bank is downgrading the Portuguese telco giant from "buy" to "hold." Goldman Sachs had talked down the shares four weeks earlier.

Finally we have Exelon tumbling after an analyst downgraded the utility bellwether. Deutsche Bank's Jonathan Arnold lowered his rating on Exelon from "buy" to "hold" on fears that the company will face pricing pressure come 2016.

Ready for a bounce
If you owned some of these losers, how about following the smart money into winners?

To learn more about a few ETFs that have great promise for delivering profits to shareholders, check out The Motley Fool's special free report "3 ETFs Set to Soar." Just click here to access it now.


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

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.

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: 2466609, ~/Articles/ArticleHandler.aspx, 9/30/2014 6:48:54 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...


Advertisement