Wednesday, January 06, 2016 10:50:33 AM
I would add: GUSH and LABU:
10 stocks leading the S&P 500's second big drop of 2016
MARKETWATCH 10:15 AM ET 1/6/2016
Symbol Last Price Change
AN 51.21up -5.53 (-9.75%)
KMX 49.7down -2.42 (-4.64%)
PXD 115.975down -9.195 (-7.35%)
FCX 6.271up -0.439 (-6.54%)
CHK 4.8up -0.21 (-4.19%)
SWN 7.07up -0.58 (-7.58%)
ESV 13.565up -1.325 (-8.9%)
CNX 7.59up -0.94 (-11.02%)
EQT 49.99up -2.61 (-4.96%)
SWKS 71.09down -2.2 (-3%)
QUOTES AS OF 10:49:21 AM ET 01/06/2016
AutoNation (AN) and CarMax(KMX) bear the brunt of slowing luxury-auto sales
Bad news for Apple and another big slide for oil helped push the S&P 500 Index down as much as 1.5% Wednesday, following a flat day on Tuesday and a 1.5% decline on Monday.
AutoNation Inc. (AN) was, by far, the weakest S&P 500 stock on Wednesday, down 14%, after CEO Mike Jackson said there were signs of slowing sales for luxury cars (http://www.marketwatch.com/story/autonation-ceo-sees-slowdown-in-premium- cars-2016-01-06), as manufacturers were offering more discounts.
Shares of Apple fell as much as 2.4% after the Wall Street Journal reported that the company (AAPL) is cutting iPhone production, (http://www.marketwatch.com/story/apple-scaling-back-iphone-production-2016-01-05) also because of slowing sales.
West Texas crude oil for February delivery slumped nearly 4% to $34.62 a barrel. The price of oil declined to an 11- year low (http://www.marketwatch.com/story/brent-slides-to-11-year-low-as-tehran-warns-of-oils-biggest-threat-2016-01- 06).
Read: Saudis slash oil prices for Europe, perhaps to undercut Iran (http://www.marketwatch.com/story/saudis-slash-oil- prices-for-europe-perhaps-to-undercut-iran-2016-01-05)
There was more negative economic news out of China, with the purchasing index for the country's services sector declining to a 17-month low in December (http://www.marketwatch.com/story/chinas-service-activity-slips-adding-to- worries-2016-01-05).
Looking ahead to fourth-quarter earnings season, which stars next week, S&P Capital IQ has said that even if the energy sector is excluded, earnings per share for the S&P 500 are expected to rise only 0.6% from a year earlier.
Read: Why your 'buy' list for stocks should include last year's losers (http://www.marketwatch.com/story/why-your-buy- list-for-stocks-should-include-last-years-losers-2016-01-06)
Here are the 10 S&P 500 stocks with the largest declines early Wednesday:
-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com Company Ticker Industry Price decline - Jan. 6 Decline from 12-month closing high Total return - 2015 AutoNation Inc.(AN) US:AN Auto Dealers -14.2% - 26.5% -1.2% Pioneer Natural Resources Co.(PXD) US:PXD Oil and Gas Production -7.8% - 36.0% -15.7% Freeport-McMoRan Inc.(FCX) US:FCX Precious Metals -5.2% - 73.1% -70.1% Chesapeake Energy Corp.(CHK) US:CHK Oil and Gas Production -4.8% - 77.6% -76.8% Southwestern Energy Co.(SWN) US:SWN Oil and Gas Production -4.7% - 75.1% -73.9% CarMax Inc.(KMX) US:KMX Used Vehicles -4.7% - 33.5% -18.9% Ensco PLC(ESV) US:ESV Contract Drilling -4.6% - 55.5% -47.0% Consol Energy Inc.(CNX) US:CNX Coal -4.6% - 76.8% -76.5% EQT Corp.(EQT) US:EQT Oil and Gas Production -4.4% - 45.3% -31.0% Skyworks Solutions Inc.(SWKS) US:SWKS Semiconductors -4.2% - 36.7% 6.6%
Source: FactSet
RELATED: How to piggyback on Warren Buffett and other legendary money managers (http://www.marketwatch.com/story/how- to-piggyback-on-warren-buffett-and-other-legendary-money-managers-2016-01-06)
RELATED: Go to cash to avoid the crash? Short oil? No, do this instead (http://www.marketwatch.com/story/go-to-cash- to-avoid-the-crash-short-oil-no-do-this-instead-2016-01-06)
RELATED: Starboard calls on Yahoo to change strategy (http://www.marketwatch.com/story/yahoo-urged-to-change- management-board-and-strategy-in-starboard-letter-2016-01-06)
(END) Dow Jones Newswires
01-06-161015ET
Copyright (c) 2016 Dow Jones & Company, Inc.
10 stocks leading the S&P 500's second big drop of 2016
MARKETWATCH 10:15 AM ET 1/6/2016
Symbol Last Price Change
AN 51.21up -5.53 (-9.75%)
KMX 49.7down -2.42 (-4.64%)
PXD 115.975down -9.195 (-7.35%)
FCX 6.271up -0.439 (-6.54%)
CHK 4.8up -0.21 (-4.19%)
SWN 7.07up -0.58 (-7.58%)
ESV 13.565up -1.325 (-8.9%)
CNX 7.59up -0.94 (-11.02%)
EQT 49.99up -2.61 (-4.96%)
SWKS 71.09down -2.2 (-3%)
QUOTES AS OF 10:49:21 AM ET 01/06/2016
AutoNation (AN) and CarMax(KMX) bear the brunt of slowing luxury-auto sales
Bad news for Apple and another big slide for oil helped push the S&P 500 Index down as much as 1.5% Wednesday, following a flat day on Tuesday and a 1.5% decline on Monday.
AutoNation Inc. (AN) was, by far, the weakest S&P 500 stock on Wednesday, down 14%, after CEO Mike Jackson said there were signs of slowing sales for luxury cars (http://www.marketwatch.com/story/autonation-ceo-sees-slowdown-in-premium- cars-2016-01-06), as manufacturers were offering more discounts.
Shares of Apple fell as much as 2.4% after the Wall Street Journal reported that the company (AAPL) is cutting iPhone production, (http://www.marketwatch.com/story/apple-scaling-back-iphone-production-2016-01-05) also because of slowing sales.
West Texas crude oil for February delivery slumped nearly 4% to $34.62 a barrel. The price of oil declined to an 11- year low (http://www.marketwatch.com/story/brent-slides-to-11-year-low-as-tehran-warns-of-oils-biggest-threat-2016-01- 06).
Read: Saudis slash oil prices for Europe, perhaps to undercut Iran (http://www.marketwatch.com/story/saudis-slash-oil- prices-for-europe-perhaps-to-undercut-iran-2016-01-05)
There was more negative economic news out of China, with the purchasing index for the country's services sector declining to a 17-month low in December (http://www.marketwatch.com/story/chinas-service-activity-slips-adding-to- worries-2016-01-05).
Looking ahead to fourth-quarter earnings season, which stars next week, S&P Capital IQ has said that even if the energy sector is excluded, earnings per share for the S&P 500 are expected to rise only 0.6% from a year earlier.
Read: Why your 'buy' list for stocks should include last year's losers (http://www.marketwatch.com/story/why-your-buy- list-for-stocks-should-include-last-years-losers-2016-01-06)
Here are the 10 S&P 500 stocks with the largest declines early Wednesday:
-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com Company Ticker Industry Price decline - Jan. 6 Decline from 12-month closing high Total return - 2015 AutoNation Inc.(AN) US:AN Auto Dealers -14.2% - 26.5% -1.2% Pioneer Natural Resources Co.(PXD) US:PXD Oil and Gas Production -7.8% - 36.0% -15.7% Freeport-McMoRan Inc.(FCX) US:FCX Precious Metals -5.2% - 73.1% -70.1% Chesapeake Energy Corp.(CHK) US:CHK Oil and Gas Production -4.8% - 77.6% -76.8% Southwestern Energy Co.(SWN) US:SWN Oil and Gas Production -4.7% - 75.1% -73.9% CarMax Inc.(KMX) US:KMX Used Vehicles -4.7% - 33.5% -18.9% Ensco PLC(ESV) US:ESV Contract Drilling -4.6% - 55.5% -47.0% Consol Energy Inc.(CNX) US:CNX Coal -4.6% - 76.8% -76.5% EQT Corp.(EQT) US:EQT Oil and Gas Production -4.4% - 45.3% -31.0% Skyworks Solutions Inc.(SWKS) US:SWKS Semiconductors -4.2% - 36.7% 6.6%
Source: FactSet
RELATED: How to piggyback on Warren Buffett and other legendary money managers (http://www.marketwatch.com/story/how- to-piggyback-on-warren-buffett-and-other-legendary-money-managers-2016-01-06)
RELATED: Go to cash to avoid the crash? Short oil? No, do this instead (http://www.marketwatch.com/story/go-to-cash- to-avoid-the-crash-short-oil-no-do-this-instead-2016-01-06)
RELATED: Starboard calls on Yahoo to change strategy (http://www.marketwatch.com/story/yahoo-urged-to-change- management-board-and-strategy-in-starboard-letter-2016-01-06)
(END) Dow Jones Newswires
01-06-161015ET
Copyright (c) 2016 Dow Jones & Company, Inc.
Keep calm and carry on!
Trade Smarter with Thousands
Leverage decades of market experience shared openly.
