Reaching a five year high today, the S&P 500 Index (SNPINDEX:^GSPC) surged ahead on news that Chinese exports rose 14.1% in December, a far cry from the 5% growth economists were predicting. This, coupled with encouraging comments from European Central Bank President Mario Draghi that signaled confidence in a 2013 eurozone recovery, were enough to give most stocks in the market a boost. But, while the benchmark index advanced 11.1 points, or 0.76%, the following three stocks struggled.
Although Chesapeake Energy (NYSE:CHK), remains an important player in the domestic oil and natural gas boom, it had to sell off billions in valuable assets due to the financial troubles the company got into in 2012. The 2.1% loss today means that Chesapeake's market value sits 28% lower than it did just a year ago. Chesapeake investors are likely thankful that CEO Aubrey McClendon's privileges with the company jet were scaled back a few days ago.
Energy drink behemoth Monster Beverage (NASDAQ:MNST) fell by an even steeper margin on Thursday, declining 3.1%. Monster shareholders have started to worry that the uber-competitive marketplace is getting crowded at the expense of the company's long-term market share. And, when a company as successful, well-known, and sprawling as Starbucks (NASDAQ:SBUX) decides to go head-to-head against you, who can blame them for those concerns?
Global industrial supplies producer Fastenal (NASDAQ:FAST) closes out today's notable laggards, after an uninspired day of trading that saw shares fall 2.2%. The company, which reports quarterly earnings next Thursday, was likely affected by the poor performance of a market peer, MSC Industrial Direct (NYSE:MSM). Failing to meet analyst expectations, MSC also issued weak guidance today, as the company's CEO characterized the last quarter's demand environment as "eroding."
The Motley Fool recommends Monster Beverage, MSC Industrial Direct, and Starbucks. The Motley Fool owns shares of Monster Beverage, MSC Industrial Direct, and Starbucks and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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