Last Week's Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

Zinger Key Points
  • CVS Health Corporation shares tumbled 18.2% after it reported first-quarter sales of $88.4 billion.
  • APA Corporation shares are down 10.8% after it reported worse-than-expected Q1 earnings.
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These 15 large-cap stocks were the worst performers last week. Are they in your portfolio?

  1. CVS Health Corporation CVS shares tumbled 18.2% after it reported first-quarter sales of $88.4 billion, missing the consensus of $89.21 billion, and adjusted EPS of $1.31 missed the consensus of $1.69m and cut FY24 guidance. Several analysts trimmed the price target.
  2. Skyworks Solutions, Inc. SWKS shares plummeted 16.8% after the company reported Q2 financial results and issued Q3 revenue guidance with the midpoint below estimates. Several analysts cut the price target on the stock.
  3. Starbucks Corporation SBUX shares decreased 15.2% following worse-than-expected earnings results for the second quarter of FY24. Multiple analysts lowered price targets on the stock following the release.
  4. Super Micro Computer, Inc. SMCI shares are down 14.4% after the company posted mixed third-quarter financial results. Few analysts cut and boosted the price target.
  5. Bruker Corporation BRKR shares decreased 13.8% after the company reported Q1 revenue miss.
  6. Stellantis N.V. STLA shares declined 13.5% after the company reported a 12% decrease in first-quarter net revenues and a 10% reduction in consolidated shipments
  7. DoorDash, Inc. DASH shares declined 13.5% after the company reported mixed Q1 financial results. Most analysts trimmed the price target on the stock.
  8. Centrais Electricas Brasileiras S.A. EBR shares were down 13.5%.
  9. MicroStrategy Incorporated MSTR shares dived 12.7% after the company reported Q1 financial results.
  10. GE HealthCare Technologies Inc. GEHC shares declined 12.5% after it reported first-quarter sales of $4.6 billion, which missed the consensus of $4.8 billion. Some analysts reduced the price target.
  11. The Carlyle Group Inc. (NASDAQ: CG) shares decreased 12.4% after the company reported Q1 financial results.
  12. Global Payments Inc. GPN shares were down 11.3% after it reported Q1 financial results and issued guidance.
  13. Banco Bilbao Vizcaya Argentaria S.A. BBVA shares declined 11.3% after reporting first-quarter FY24 results. The company reportedly confirmed its intention to start talks with Sabadell on a potential merger.
  14. CDW Corporation CDW shares declined 11.2% after the company reported worse-than-expected Q1 financial results. Analysts trimmed the price target on the stock.
  15. APA Corporation APA shares are down 10.8% after it reported worse-than-expected Q1 earnings and APA revised FY24 guidance

Also Read: Which Large Cap Stocks Are Winning This Earnings Season: 15 Stocks To Watch (April 28-May 4, 2024)

Photo: Shutterstock

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