Friday was a mixed day for the stock market; the Dow Jones Industrials fell slightly even as the S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite finished higher. The S&P 500’s gains of about a fifth of a percent were propelled in part by favorable economic data showing that retail sales climbed by 0.6% in December, driven by strong performance in the automotive sector. Solid bank earnings were also a positive for the market, but some stocks missed out on the good news and fell sharply.
Among the worst performers on the day were GameStop (NYSE:GME), Hovnanian Enterprises (NYSE:HOV), and Ryerson Holding (NYSE:RYI). Below, we’ll look more closely at these stocks to explain why they did so poorly.
Image source: GameStop.
GameStop has a tough holiday season
GameStop fell 8% after reporting its 2016 holiday sales results, which were a source of disappointment to investors. The video game retailer said that total sales for the holiday period plunged 16%, with a nearly 19% drop in comparable-store sales. GameStop attributed part of those declines to weak sales for the latest installments of the Call of Duty and Titanfall franchises, along with aggressive promotional activity on gaming consoles over Thanksgiving weekend. CEO Paul Raines tried to call out positives, noting that “we did see continued growth in our non-physical gaming businesses.” Yet GameStop admits that it will have to close poor-performing stores as the gaming business increasingly goes digital, and investors aren’t certain whether game-making companies will need GameStop as an intermediary in the new world of video gaming.
Top 10 Performing Stocks To Own Right Now: Ormat Technologies, Inc.(ORA)
- [By Peter Graham]
A long term performance chart shows shares of U.S. Geothermal back in positive territory while potential peer mid cap Calpine Corporation (NYSE: CPN) is underperforming and Ormat Technologies, Inc (NYSE: ORA) has been taking off for two years:
Top 10 Performing Stocks To Own Right Now: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.(VLRS)
- [By Adam Levine-Weinberg]
In addition to Southwest, Alaska Air, and JetBlue, Mexican ultra-low cost carriers (ULCCs)Volaris (NYSE:VLRS) and VivaAerobus requested numerous slots in Mexico City. However, the DOT showed a strong preference for the U.S. carriers’ requests. In fact, Southwest Airlines, Alaska Air, and JetBlue Airways each received all of the slots they wanted.
Top 10 Performing Stocks To Own Right Now: Allied Healthcare Products Inc.(AHPI)
- [By Jim Robertson]
Yesterday, our Under the Radar Moversnewsletter suggested shortingsmall cap respiratory equipmentstockAllied Healthcare Products Inc (NASDAQ: AHPI):
Top 10 Performing Stocks To Own Right Now: Regency Centers Corporation(REG)
- [By Lee Jackson]
Regency Centers Corp. (NYSE: REG) had a huge seller hitting the bid last week. The vice chairman of the real estate investment trust sold an incredible 2.8 million shares of the stock at $68.45 per share. The total for the trade was a staggering $192 million. The stock close trading on Friday at $62.58, so the timing looks good. The 52-week trading range for the shares is $42.40 to $82.44. The Wall Street consensus price target is $75.67.
Top 10 Performing Stocks To Own Right Now: Inter Parfums, Inc.(IPAR)
- [By Monica Gerson]
Inter Parfums, Inc. (NASDAQ: IPAR) is estimated to post its quarterly earnings at $0.31 per share on revenue of $110.58 million.
Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) is expected to report its quarterly earnings at $0.37 per share on revenue of $1.10 billion.
Top 10 Performing Stocks To Own Right Now: Dupont Fabros Technology, Inc.(DFT)
- [By Lisa Levin]
DuPont Fabros Technology, Inc. (NYSE: DFT) shares shot up 10 percent to $61.07. Digital Realty Trust, Inc. (NYSE: DLR) announced plans to merge with DuPont Fabros.
Top 10 Performing Stocks To Own Right Now: Aphria Inc. (APHQF)
- [By Sean Williams]
This rapid growth in legal pot has create quite the demand for marijuana stocks. The seven largest marijuana stocks by market cap have all put on a show over the past couple of years. Here are those seven “green giants” listed with their market caps as of March 17, 2017, along with their trailing one-year total returns.
GW Pharmaceuticals (NASDAQ:GWPH): $3.0 billion, up 64% Canopy Growth Corp. (NASDAQOTH:TWMJF): $904 million, up 259% Aphria (NASDAQOTH:APHQF) $440 million, up 381% Aurora Cannabis (NASDAQOTH:ACBFF): $482 million, up 299% AXIM Biotechnologies (NASDAQOTH:AXIM): $562 million, up 1,720% Corbus Pharmaceuticals (NASDAQ:CRBP): $450 million, up 431% Medical Marijuana (NASDAQOTH:MJNA): $221 million, up 254%
As you can see, these are some hefty valuations — and some exceptionally strong moves higher on the heels of marijuana’s expansion. With the exception of GW Pharmaceuticals, every one of the largest marijuana stocks has at least tripled in value over the trailing 12 months, with cannabinoid-based drug developer AXIM Biotechnologies skyrocketing more than 1,700%!
- [By Keith Speights]
As increasingly more marijuana growers entered the market and more states allowed residents to legally grow marijuana, cannabis prices dropped throughout 2016. Wholesale marijuana prices late in the year were roughly half the levels of 12 months earlier. Will this trend continue — and possibly hurt leading marijuana stocks including Aphria (NASDAQOTH:APHQF),Aurora Cannabis (NASDAQOTH:ACBFF), Medical Marijuana,Inc.(NASDAQOTH:MJNA), and even GW Pharmaceuticals (NASDAQ:GWPH) in the process?
- [By Todd Campbell]
While some marijuana companies are turning a profit, many marijuana companies are investing heavily in their businesses, and as a result, continue to lose money. For example, Aphria Inc. (NASDAQOTH:APHQF), a Canadian producer and marketer of medical marijuana, reported a net profit of $1 million over the past 12 months, but medical-marijuana drug developer GW Pharmaceuticals plc (NASDAQ:GWPH) reported a loss of $82.2 million last fiscal year.
Top 10 Performing Stocks To Own Right Now: Westlake Chemical Corporation(WLK)
- [By Monica Gerson] Related SAIC Q4 Earnings Conference Call: Full Transcript 7 Stocks You Should Be Watching Today Notable earnings before Monday's open (Seeking Alpha) Related WLK Benzinga's Weekend M&A Chatter Mid-Afternoon Market Update: Dow Falls Over 150 Points; Crude Oil Down 2.5% Westlake Chemical (WLK) CEO Albert Chao to Acquire Axiall Corporation – Earnings Call Transcript (Seeking Alpha)
Some of the stocks that may grab investor focus today are:
Top 10 Performing Stocks To Own Right Now: Computer Sciences Corporation(CSC)
- [By Monica Gerson] Related CSC Earnings Scheduled For May 24, 2016 8 Stocks You Should Be Watching Today Computer Sciences' (CSC) CEO Mike Lawrie on Q4 2016 Results – Earnings Call Transcript (Seeking Alpha) Related Earnings Scheduled For May 24, 2016 8 Stocks You Should Be Watching Today Hewlett Packard Enterprise Announces Plans for Tax-Free Spin-Off and Merger of Enterprise … (GuruFocus)
Some of the stocks that may grab investor focus today are:
- [By R. Chandrasekaran]
Some of the outperforming stocks:
NVDIA Corp (NASDAQ: NVDA) trading up about 5.7 percent with a range between $69.50 and $71.72. Amazon.com, Inc. (NASDAQ: AMZN) is gaining about 4 percent. The stock ranged between $770.94 and $787.73. Computer Sciences Corporation (NYSE: CSC) is gaining about 3.3 percent with the stock trading between $56.10 and $58.01. Microsoft Corporation (NASDAQ: MSFT) is adding about 3 percent with the stock ranging $59.78-$60.52. Alphabet Inc (NASDAQ: GOOGL) is gaining about 2.9 percent with the stock trading between $792.90 and $805. Intel Corporation (NASDAQ: INTC) is adding approximately 2.9 percent with shares trading in the range of $34.15-$34.60. Cisco Systems, Inc. (NASDAQ: CSCO) is gaining about 2.8 percent as the stock traded between $30.61 and $31.05. Salesforce.com, inc. (NYSE: CRM) is adding about 2.8 percent with the shares traded in the range of $75.41-$77.00
Top 10 Performing Stocks To Own Right Now: Grupo Aeroportuario del Centro Norte S.A.B. de C.V.(OMAB)
- [By Paul R. La Monica]
It even owns shares of several airport stocks — including Mexico’s Grupo Aeroportuario del Centro Norte (OMAB) and Grupo Aeroportuario del Sureste (ASR).