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.

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

The S&P 500 Index (SNPINDEX: ^GSPC  ) approached record highs on Monday on the heels of Larry Summers' decision to withdraw his name from consideration as Federal Reserve chairman. The new front-runner, Janet Yellen, is seen as a more accommodative central bank leader, more inclined to continue monthly stimulus injections to keep the economy going. The S&P added 9 points, or 0.6%, ending at 1,697. Despite the uptrend, these three stocks stubbornly refused to rise, dragging on the benchmark index. 

Not only is Apple (NASDAQ: AAPL  ) the single largest company in the S&P 500, it was today's single biggest decliner as well. The 3.2% slump today follows up last week's meltdown, when investors heavily sold shares after the company revealed its new iPhone 5s and 5c models and its decision today to not announce preorder figures, along with reports that China Telecom won't offer the subsidies shareholders had been expecting.

Apple's headline-making pullback has taken the entire tech sector down with it, and Hewlett-Packard (NYSE: HPQ  ) felt the hit, falling 1.5%. HP is being dropped from the Dow 30 at the end of the week, a decision made in part because its stock price has fallen to the point where it's one of the three weakest-weighted components in the index. With consumers shifting more and more to tablets and competitor Dell going private, HP faces some significant headwinds moving forward.

Lastly, Valero Energy (NYSE: VLO  ) fell 1.4%. Shares in the oil refiner have been pummeled in the past week as refiners underperformed in the face of rising oil prices and pressured margins. Valero in particular could also be hit by the increasing popularity of Renewable Identification Numbers, or RINs, as investment vehicles for banks, a trend that the company says could drive up costs by $800 million. 

1 Apple issue investors might not be considering
Apple has a history of cranking out revolutionary products... and then creatively destroying them with something better. Read about the future of Apple in the free report, "Apple Will Destroy Its Greatest Product." Can Apple really disrupt its own iPhones and iPads? Find out by clicking here.

Read/Post Comments (2) | 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.

Add your comment.

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: 2640393, ~/Articles/ArticleHandler.aspx, 9/28/2016 1:40:01 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 18,218.10 -10.20 -0.06%
S&P 500 2,157.71 -2.22 -0.10%
NASD 5,296.68 -9.03 -0.17%

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

9/28/2016 1:29 PM
^GSPC $2157.71 Down -2.22 -0.10%
S&P 500 INDEX CAPS Rating: No stars
AAPL $113.67 Up +0.58 +0.52%
Apple CAPS Rating: ****
HPQ $15.36 Up +0.02 +0.16%
HP CAPS Rating: ***
VLO $54.51 Down -0.51 -0.93%
Valero Energy CAPS Rating: ****