Lululemon Athletica Was Among The Worst-Performing Stocks Last Week (May 19-May 26, 2024): Are These 10 Large-Cap Stock Losers In Your Portfolio?
Portfolio Pulse from Lekha Gupta
The article highlights the worst-performing large-cap stocks for the week of May 19-May 26, 2024. Key reasons for the declines include poor financial results, equity raises, executive resignations, and reduced ownership stakes.
May 26, 2024 | 3:16 pm
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NEGATIVE IMPACT
KE Holdings Inc (NYSE:BEKE) shares lost 14% after reporting Q1 financial results.
The decline in stock price is attributed to the market's reaction to the Q1 financial results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BeiGene, Ltd. (NASDAQ:BGNE) shares were down 11.6%.
The article does not provide specific reasons for the decline, but the significant drop suggests negative market sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
JD.Com, Inc. (NASDAQ:JD) stock tumbled 13.70% after announcing interim Q1 results and a $1.5 billion convertible senior notes offering.
The combination of interim results and a significant notes offering likely led to the stock's decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
James Hardie Industries Plc (NYSE:JHX) shares declined 14.4% after reporting worse-than-expected Q4 financial results.
Worse-than-expected financial results typically lead to a negative short-term impact on stock prices.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Li Auto Ltd. (NASDAQ:LI) shares tumbled 10.40% after reporting worse-than-expected Q1 results and issuing Q2 outlook.
The worse-than-expected Q1 results and Q2 outlook likely led to the stock's decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lululemon Athletica Inc (NYSE:LULU) shares lost 11.3% following the announcement of chief product officer Sun Choe resigning and plans for organizational changes.
The resignation of a key executive and upcoming organizational changes likely led to investor uncertainty and a decline in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nordson Corporation (NASDAQ:NDSN) stock decreased 12.3% following mixed Q2 earnings and soft Q3 revenue guidance, with several analysts slashing their forecasts.
Mixed earnings and soft guidance, along with analyst downgrades, contributed to the stock's decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
National Grid Transco (NYSE:NGG) decreased 17.1% due to an equity raise of £7 billion and a year-over-year decrease in full-year revenue results.
The significant equity raise and decreased revenue are likely to negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) stock dropped 10.80% following the sale of Cencora, Inc. (NYSE:COR) shares for $400 million, reducing its ownership stake from 13% to 12%.
The reduction in ownership stake and the sale of shares likely contributed to the stock's decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
XP Inc. (NASDAQ:XP) shares dived 13.3% after reporting worse-than-expected Q1 EPS results.
The market reacted negatively to the worse-than-expected Q1 EPS results.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100