Why E*Trade Financial Corporation, KeyCorp, and Micron Technology Inc. Are Today's 3 Worst Stocks

Two financials and one technology player finish as the worst performers in the stock market today.

May 14, 2014 at 7:24PM

The stock market retreated today, pulling back from Wednesday's record highs as investors assumed a more cautious tone, bidding bonds higher. "Cautious" probably isn't the best way to describe Wall Street's attitude toward E*Trade Financial Corporation (NASDAQ:ETFC), KeyCorp (NYSE:KEY), and Micron Technology (NASDAQ:MU), as the three stocks ended near the bottom of the S&P 500 Index (SNPINDEX:^GSPC) today. The S&P, for its part, lost 8 points, or 0.5%, to end at 1,888 today. 

Shares of E*Trade Financial Corporation logged 3.4% losses today, as the discount broker reported a slump in daily average revenue trades, or DARTs. The company reports stats monthly on metrics ranging from the number of its brokerage accounts to overall customer security values, but April's numbers did not impress. DARTs slumped 13% from March's figures, lowering the expectations of E*Trade investors in the process.

Wednesday was tough for the financial sector, which took a 0.8% haircut today. KeyCorp joined E*Trade as one of the many underperforming financial stocks of the day, shedding 3.3%. KeyCorp, which is a regional U.S. bank operating in the Midwest, saw shares slump as analysts at Nomura initiated coverage of the stock with a "neutral" rating and a $14 price target. Interest rates ticked lower today, creating headwinds for regional banks like KeyCorp, which hold variable-rate loans that turn larger profits when rates advance. 


Source: Micron Technology website

Lastly, shares of Micron Technology dipped 2.8% today as it lost its spot as the world's number two DRAM chip maker. Micron, which makes its bread and butter in the dynamic random access memory, or DRAM, market, saw its global market share eclipsed by the South Korea-based SK hyinx, according to specialty research firm DRAMeXchange. While that's not good news for Micron, the research outfit also reported that, despite giving up market share, Micron's global DRAM revenue in the first quarter was second only to Samsung. Micron stock remains near 52-week highs, which it reached yesterday.

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The Motley Fool recommends Apple and owns shares of Apple and KeyCorp. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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