Momentum Stocks Showing Weakness

Shares of most momentum stocks are underperforming the broader market in Monday’s session, as it seems traders may be taking profits and rotating capital into blue chip stocks.

The weakness in these names may also be attributed to the upcoming Alibaba IPO on Friday, as investors may be exiting positions to free up capital. 

S&P 500 -0.07% DJIA +0.22% Nasdaq -1%

Technology:
Digital Ally Inc. DGLY -12%
Tesla Motors inc. TSLA -9%
GoPro Inc GPRO -1.7%

Social Media:
LinkedIn Corp LNKD -6%
Twitter Inc TWTR -4.5%
Facebook Inc FB -4%
Renren Inc RENN -3.7%

Internet Stocks:
Weibo Corp (ADR)WB -11%
Sohu.com IncSOHU -5.4%
SINA Corp SINA -5.2%
TripAdvisor Inc TRIP -3.66%
Baidu Inc (ADR) BIDU -3.3%
Netflix Inc. NFLX -3.2%
Qihoo 360 Technology Co Ltd QIHU -2.3%
Amazon.com Inc. AMZN -2.6
Groupon Inc GRPN -2.3%
Zynga Inc ZNGA -2%
Priceline Group Inc PCLN -1.3%
Youku Tudou Inc (ADR) YOKU -0.7%

Pharmaceuticals:
Achillion Pharmaceuticals Inc. ACHN - 11%
NewLink Genetics Corp NLNK -6.7%
Tekmira Pharmaceuticals Corporation TKMR - 4.5%
BioCryst Pharmaceuticals, Inc. BCRX -4%

Retail:
Lululemon Athletica Inc LULU -2.5%

Restaurant:
El Pollo LoCo Holdings Inc LOCO -1.5%
Chipotle Mexican Grill Inc CMG -1%