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.

The first week of earnings season was more than kind to the S&P 500 Index (SNPINDEX: ^GSPC  ) , and the benchmark ended at another all-time closing high on Friday. It didn't hurt that the Fed promised to continue buying $85 billion in bonds each month until the economy gets on better footing, but corporate profits were strong on their own merits. Wall Street closed the day looking forward to more results next week, with the S&P adding five points, or 0.3%, to end at 1,680. That said, negative developments in three of the index's components weren't easily ignored, and shareholders had little choice but to sell them off.

Firstly, the United Parcel Service (NYSE: UPS  ) saw shares tumble 5.8% as the mail-delivery service reduced its second-quarter and full-year outlook. UPS officially reports second-quarter results on July 23, but it went ahead and told markets not to expect anything spectacular; the company's looking for earnings between $4.65 and $4.85 per share for the year, compared to Wall Street estimates of nearly $5.00 per share. Not only that, but UPS sees the downtrend to continue into the foreseeable future.

In a textbook example of a situation where you can expect nothing but a steep stock sell-off, Boeing (NYSE: BA  ) shares fell 4.7% after one of its 787 Dreamliners caught fire at London's Heathrow Airport. Luckily, no one was injured, and the plane was unoccupied at the time. Sound familiar? That's because a fire broke out on a Dreamliner back in January at Boston's Logan Airport, an event that caused the model to be grounded for months, as technical and safety tweaks were made. In short, today's events amounted to downright hellish deja vu for shareholders.

Lastly, iron ore and coal miner Cliffs Natural Resources (NYSE: CLF  ) shed 3.5% Friday. It's a shame, because the stock had been on a tear this week, a much-needed bullish run investors have rarely seen in the last year, as the market cap took a 60% haircut. The struggling miner announced its CEO, Joseph Carrabba, will be stepping down at the end of the year, along with the immediate departure of its global operations chief.

The Motley Fool's chief investment officer has selected his No. 1 stock for this year. Find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (2)

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: 2535136, ~/Articles/ArticleHandler.aspx, 9/25/2016 4:51:32 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 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

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

9/23/2016 4:55 PM
^GSPC $2164.69 Down -12.49 -0.57%
S&P 500 INDEX CAPS Rating: No stars
BA $131.78 Down -0.09 -0.07%
Boeing CAPS Rating: ****
CLF $6.14 Down -0.09 -1.44%
Cliffs Natural Res… CAPS Rating: ***
UPS $109.21 Down -0.46 -0.42%
United Parcel Serv… CAPS Rating: *****