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2024.04.28 22:27
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Last Week's Worst-Performing Stocks: Are These 10 Large-Cap Stocks In Your Portfolio? (April 21-27, 2024)

Last week, the 10 worst-performing large-cap stocks were LKQ, MSCI, TXT, EDU, BMY, MANH, RS, META, LUV, and NUE. These stocks experienced significant declines due to factors such as missed earnings, weak financial results, and lowered outlooks. Analysts also cut price targets for many of these stocks.

With the earnings season in full swing, these ten large-cap stocks were the worst performers last week. Are they in your portfolio?

  1. LKQ Corporation (NASDAQ:LKQ) stock tumbled 12.3% after the company reported a Q1 earnings miss and cut its FY24 outlook.
  2. MSCI Inc. (NYSE:MSCI) shares fell 9.8% following its mixed first-quarter results. Several analysts cut their forecasts on the stock.
  3. Textron Inc. (NYSE:TXT) shares plunged 9.5% after it reported worse-than-expected Q1 financial results.
  4. New Oriental Education & Technology Group, Inc. (NYSE:EDU) shares dipped 9.4% following a third-quarter EPS miss.
  5. Bristol-Myers Squibb Company (NYSE:BMY) stock was down 9.0% following Q1 earnings and a significant 2024 adjusted EPS guidance cut. 
  6. Manhattan Associates, Inc. (NASDAQ:MANH) stock fell 8.8%.
  7. Reliance, Inc. (NYSE:RS) shares dipped 8.6% after it reported worse-than-expected Q1 financial results.
  8. Meta Platforms, Inc. (NASDAQ:META) shares fell 8.4% after it provided a weaker-than-expected revenue outlook. Several analysts cut the price target. 
  9. Southwest Airlines Company (NYSE:LUV) was down 8.3% following worse-than-expected Q1 financial results. Some of the analysts cut their price target.
  10. Nucor Corporation (NYSE:NUE) declined 8.2% after reporting worse-than-expected quarterly financial results. Analysts trimmed their price target.

See Also: Let’s Spill The Tea: Top Consumer Tech News From Last Week That You Should Know (April 21-27, 2024)

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