For investors focused on lucky numbers, it may be notable that the Dow Jones Industrial Average
By the time the dust had settled on Friday, the Dow had tacked on 2.4%, while the broader Russell 3000 climbed 2.3%. But all was not well for all industries and stocks.
The 3 Worst-Performing Sectors
Russell 3000 Sector
Weekly Price Change
Month-to-Date Price Change
Source: S&P Capital IQ. Weekly price change is March 9-March 16. Monthly price change is Feb. 29-March 16.
The big drop in Clear Channel Outdoor's
Meanwhile, Internet telephony specialist 8x8
The 3 Worst-Performing Russell 3000 Companies
Weekly Price Change
|Clear Channel Outdoor||(42.7%)|
Source: S&P Capital IQ. Weekly price change is March 9-March 16. Includes only companies with market caps of $250 million or more.
Also among the week's worst performers were Abraxas Petroleum
Abraxas' stock got whacked after the company reported results for the final quarter of 2011. Revenue for the quarter was $16.5 million, up 19% from the prior year. However, the company's bottom line plunged into the red, finishing with a $0.06-per-share loss. On an adjusted basis, the company's loss was $0.01 per share, but that was still easily short of the $0.05 that Wall Street was looking for. The company said that the quarter's results were hurt by pipeline and gas plant capacity issues.
Getty fell victim to a similarly disappointing fourth-quarter report, but that was really only the beginning of investors' concerns. Getty Petroleum Marketing, which accounted for roughly two-thirds of Getty Realty's 2010 revenue, is bankrupt and creating major uncertainty for Getty's business. One very specific and painful impact of that uncertainty was the company's decision to put off its decision on paying a quarterly dividend.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.