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Why Valero Energy, Mylan, Inc., and Teradata Corporation Are Today's 3 Worst Stocks

http://www.fool.com/investing/general/2014/04/07/why-valero-energy-mylan-inc-and-teradata-corporati.aspx

John Divine
April 7, 2014

Investors fled from the stock market with little discretion on Monday, as all 10 sectors ended in the red and a three-day Wall Street sell-off intensified. After a uniquely bullish 2013, major indexes have remained stagnant; the S&P 500 Index (SNPINDEX: ^GSPC) lost 20 points today, or 1.1%, to end at 1,845. It has yet to gain 1% in 2014. While we can ridicule the S&P for its ho-hum performance this year, Valero Energy (NYSE: VLO), Mylan, (NASDAQ: MYL), and Teradata Corporation (NYSE: TDC) deserve our concern and inquiry, since each stock ended as an incorrigible underperformer today.

The larger theme of the stock market today -- aside from the fact that everyone was selling them, was that investors rushed to sell momentum stocks above all others. Shares of Valero Energy lost 4.5% Monday, just days after hitting 52-week highs last week. Valero and other oil and gas refiners in the U.S. have benefited immensely from the ban on exporting American crude oil abroad. As my colleague Varun Chandran notes, lifting the ban would undoubtedly pressure refinery margins and hurt their business. But as Capitol Hill starts pondering what a lift on the ban would mean for the American economy, Valero and its peers are beginning to face some political risks.