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

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

"What goes up must come down."

"All streaks must come to an end."

These two common phrases have held up pretty well over time, and on Tuesday the S&P 500 Index (SNPINDEX: ^GSPC  ) fell victim to their applicability. While sunrises and sunsets have continued each day with remarkable discipline and consistency, an impressive streak for stocks operates on a much smaller timespan. Markets had doubtlessly been impressed with the index's eight day streak of gains, the longest such streak since January, but another day in the green wasn't in the cards for Wall Street Tuesday. Slipping on uncertain monetary policy and weak corporate earnings, the S&P lost 6 points, or 0.4%, to end at 1,676. Following are its three worst-performing components on a down day.

Marathon Petroleum (NYSE: MPC  ) took the biggest hit, losing 4.3% as oil refiners got hammered today. Marathon's fall today, however, wasn't merely dealt a bum hand by virtue of its industry's weakness; today's slip was company-specific. While Marathon doesn't report quarterly earnings until Aug. 1, it decided to give shareholders a heads-up that things weren't going to be rosy. The company is looking for income between $570 million and $600 million, compared to $814 million profits in the year-ago period, as margins were pressured.

Mosaic (NYSE: MOS  ) reported earnings today and promptly fell 3.6% after the announcement. The agricultural chemicals company suffered from lower prices of phosphate and potash, in addition to headwinds in global markets as a trio of factors combined to impact the quarter. On top of lower prices, a weakening Indian currency and a recently expired contract with a major Chinese buyer teamed up to hit results.

Lastly, wireless provider Sprint Nextel (NYSE: S  ) slumped 3.6% Tuesday. In a compelling embodiment of the notion that all streaks must one day come to an end, the stock finally pulled back after a four-day rise that saw shares rocket nearly 22% higher. The gains came on the back of Sprint's finalized acquisition by Japan's SoftBank, as well as a telecom sector that continues to consolidate power into just a few major players.

If you're on the lookout for some currently intriguing energy plays -- all in a good position to do better than Marathon Petroleum did today -- check out The Motley Fool's "3 Stocks for $100 Oil." For free access to this special report, simply click here now.

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

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: 2540820, ~/Articles/ArticleHandler.aspx, 9/30/2016 1:00:39 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 3 hours ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

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

9/29/2016 4:35 PM
^GSPC $2151.13 Down -20.24 -0.93%
S&P 500 INDEX CAPS Rating: No stars
MOS $24.25 Down -0.21 -0.86%
Mosaic CAPS Rating: ****
MPC $39.74 Down -2.90 -6.80%
Marathon Petroleum CAPS Rating: ****
S $6.66 Down -0.12 -1.77%
Sprint CAPS Rating: **