Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Whole Foods Market, Inc., Pfizer, Inc., and The Clorox Company Are Today's 3 Worst Stocks

The stock market held its ground on Monday, ending with modest gains on a day that didn't bring much in the way of economic data. Wall Street's sole focus now is on earnings season, a fact that worked against shareholders in Whole Foods Market (NASDAQ: WFM  ) , Pfizer, (NYSE: PFE  ) , and The Clorox Company (NYSE: CLX  ) . One of these companies hasn't even reported earnings yet, but the mere anxiety surrounding the impending results was still enough to dent shares. The S&P 500 Index (SNPINDEX: ^GSPC  ) , for its part, added 3 points, or 0.2%, to end at 1,884.

Source: company website

Whole Foods Market is the only one of today's three laggards that hasn't yet announced earnings. Still, the market seems confident that the company will disappoint, an opinion evidenced by Whole Foods' 2.8% drop today. I think skepticism over its long-term prospects is well-founded: While Whole Foods has been remarkably successful to date, there's no stopping competitors from cashing in on the organic food craze. The stock was downgraded today by Wolfe Research and its price target was cut by Oppenheimer ahead of tomorrow's second-quarter results.

Shares of Pfizer lost 2.6% today, as the pharmaceutical giant reported sales significantly below expectations. While net income jumped 12%, revenue actually fell by 9% in the first quarter to $11.35 billion. Sales of the arthritis drug Celebrex, which could lose its patent protection at the end of this month, missed Wall Street forecasts by more than $75 million. Clearly demand for Celebrex was more elastic than expected, as those in need of arthritis medication showed their willingness to wait for a cheaper, generic alternative.

Finally, Clorox shares continued their recent slide, losing 2.5% on Monday. The stock has now lost ground in four of its last five sessions, including last Thursday, when the international consumer goods company reported subpar quarterly results. Investors don't look at Clorox stock and think, "Sign me up for some of that blowout growth!" but interestingly enough a major part of its investment appeal is tied to emerging markets. That's because overseas markets are, in a nutshell, the only place a company like Clorox can grow, given its saturation in the U.S. But with new markets come new risks, and Venezuela's recent decision to devalue its currency hurt Clorox, as proceeds from its operations in the country -- measured in bolivars -- converted more harshly to U.S. dollars, the language of Wall Street.

6 stock picks poised for incredible growth
They said it couldn't be done. But David Gardner has proved them wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.

Read/Post Comments (1) | Recommend This Article (1)

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.

  • Report this Comment On May 07, 2014, at 6:59 AM, johnvegas1 wrote:

    Wow..this author's a hack :) One bad quarter and Pfizer is one of 'todays worst stocks'. They were attempting a bid for astrazeneca because they're sitting on 70 billion $ they dont know what to do with. the Nasdaq reports them having 22 billion in NET INCOME last year. They could buy 5-10 Billion$ companies and not even be phased by it.

    Hopefully more authors like this will help bid the stock down so we can load up at a more atractive price and smile every quarter when the divi's hit.

Add your comment.

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: 2944465, ~/Articles/ArticleHandler.aspx, 8/27/2015 3:25:42 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...

John Divine

Fool since 2012, unique fingerprints since birth. Age 7: Put lifetime savings ($18.37!) in the bank, became disillusioned with low interest, and a fascination with the stock market was born.

Today's Market

updated Moments ago Sponsored by:
DOW 16,407.30 121.79 0.75%
S&P 500 1,954.54 14.03 0.72%
NASD 4,744.26 46.73 0.99%

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

8/27/2015 3:15 PM
^GSPC $1954.18 Up +13.67 +0.70%
S&P 500 INDEX CAPS Rating: No stars
CLX $110.01 Down -0.06 -0.05%
The Clorox Company CAPS Rating: ****
PFE $32.83 Up +0.40 +1.23%
Pfizer CAPS Rating: ****
WFM $32.85 Up +0.45 +1.39%
Whole Foods Market CAPS Rating: ****