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

Nov. 8

Weekly Loss

Tremor Video (NYSE: TRMR  )

$4.72

50%

BlackBerry  (NASDAQ: BBRY  )

$6.56

16%

Tesla Motors  (NASDAQ: TSLA  )

$137.95

15%

Calumet Specialty Products  (NASDAQ: CLMT  )

$25.94

13%

Annaly Capital Management  (NYSE: NLY  )

$10.66

10%

Source: Barron's.

Let's start with Tremor Video. It was the biggest loser on the New York Stock Exchange, shedding nearly half of its value on Friday alone after posting disappointing quarterly results. Revenue growth fell short of analyst targets, and then it warned of a sharp sequential decline on the top line. Wall Street was braced for improvement. The video advertising specialist went public in June, and the market hates when rookies mess up. It makes it seem as if retail investors were duped into buying into a debutante that was actually peaking. In short, Tremor Video's lost the market's confidence.

BlackBerry got squeezed after the smartphone pioneer ousted its CEO and called off the strategic review to entertain buyout offers. Investors hoping for an exit strategy or at least an asset sale were disappointed to see BlackBerry move to raise money and try to make it on its own. This just doesn't seem like a feasible strategy when sales are plunging.

Tesla hit the brakes after posting a quarterly report that was a bit light on Model S deliveries. Reports that a third Tesla caught fire also hurt the company that uses its car's high safety rating as part of its marketing message.  

Calumet Specialty Products slipped after missing Wall Street estimates for the third quarter in a row. The company stunned the market by posting a loss when a healthy profit was expected. Calumet's soft report was the handiwork of higher input costs that tightened up the margins for fuel and specialty products. 

Finally, we have Annaly Capital Management going the wrong way. The mortgage REIT posted a smaller profit than Wall Street was expecting, and just as troubling, we're seeing Annaly's book value continue to contract sharply. Book value per share has fallen from $16.70 to $12.70 over the past year.

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  • Report this Comment On November 10, 2013, at 12:42 PM, TimKnows wrote:

    No one on this site has the skill to know what a feasible outcome would be. BlackBerry will do just fine, you can learn how it's done later on.

  • Report this Comment On November 10, 2013, at 3:10 PM, k1moops wrote:

    Blackberry has absolutely no hopes in surviving as a public or private business entity. The Canadian federal government would be wise to convert this company into a federal department.

    The future of general technology is in content creation, sales and distribution independent of commercial influences. Apple will partner with IBM and Oracle to vastly bolster the iCloud server clusters with Petaflops class computer servers only which can create useful and meaning content, protect and distribute these vastly superior content to iOS and fellow OSX machines to inform, and to coordinate and execute vastly superior software and services that will render all the current forms of computing and social processes totally obsolete.

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