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.

Despite trading lower for much of the day, the S&P 500 Index (SNPINDEX: ^GSPC  ) managed to stage a comeback, and end in the green on Friday. While the market found out that consumer sentiment reached a six-year high in July, Wall Street is anticipating even more substantial news next week as the Federal Reserve meets up again to discuss monetary policy. The S&P added one point today, or 0.1%, to end at 1,691. 

By no means should the small gains in the index be taken to imply all-around bullishness. Shares of Expedia (NASDAQ: EXPE  ) should help to illustrate that point fairly well, as the S&P component cratered a massive 27.4% on disappointing earnings. Expedia would best be classified as a growth stock at current valuations, meaning investors have high expectations for the business moving forward, and believe it can increase profitability more rapidly than your average stock. That, however, was not the case on Friday, when the online travel company reported earnings per share that fell 28% from the same quarter last year. Yikes.

Data storage company SanDisk (UNKNOWN: SNDK.DL  ) also saw shares slip, though the 5.9% slump today doesn't quite compare to the precipitous drop in Expedia's stock. SanDisk already reported earnings for its most recent quarter; in fact, SanDisk grew at a blistering pace, with sales rising 43% in just a year. While that strength gave the stock a boost last week, this week, the stock corrected, falling 9% as investors reigned in their optimism. 

Lastly, Micron Technology (NASDAQ: MU  ) shed 5.3% on Friday. The semiconductor company may, like SanDisk, be a temporary victim of its own success. The stock is up 144% from 52-week lows, and less than 14% off the 52-week highs it reached in the last month. Part of today's decline is due to anticipation that NAND flash memory, used frequently in higher-cost smartphones, may slip in the third quarter after recent smartphone sales disappointed. As a producer of NAND flash memory, you can see why this wouldn't bode well for Micron.

You already know about the mobile technology revolution; thankfully, it's not too late for you to take advantage of it -- this paradigm shift is still in its infancy. Still, with so many different companies to choose from, it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. The report describes why this seismic shift will dwarf any other technology revolution seen before it, and also names the company at the forefront of the trend. You can access this report today by clicking here -- it's free.

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: 2562589, ~/Articles/ArticleHandler.aspx, 9/26/2016 3:11:44 PM

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 Moments ago Sponsored by:
DOW 18,109.00 -152.45 -0.83%
S&P 500 2,147.45 -17.24 -0.80%
NASD 5,262.59 -43.16 -0.81%

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

9/26/2016 3:01 PM
^GSPC $2147.47 Down -17.22 -0.80%
S&P 500 INDEX CAPS Rating: No stars
EXPE $109.06 Down -0.85 -0.77%
Expedia CAPS Rating: ***
MU $17.39 Down -0.09 -0.51%
Micron Technology CAPS Rating: ***
SNDK.DL $0.00 Down +0.00 +0.00%
SanDisk CAPS Rating: ***