The Week Kamala Harris Lost (Nov 4-8), These Large Cap Stocks Lost Big

When Kamala Harris lost the 2024 U.S. election last week, these ten large-cap stocks were the worst performers.

1. Moderna, Inc. (NASDAQ:MRNA) shares dipped 12.53% last week despite a third-quarter earnings beat due to a weak vaccine demand slowdown. Several analysts lowered their price forecast on the stock.
2. Honda Motor Company, Ltd. (NYSE:HMC) stock tumbled 11.46% on a decline in the first-half profit and reduced annual profit forecast.
3. Akamai Technologies, Inc. (NASDAQ:AKAM) shares declined 10.67% after the company revised its FY24 guidance.
4. Advanced Drainage Systems, Inc. (NYSE:WMS) stock fell 10.53% after it reported worse-than-expected second-quarter results and cut its FY25 net sales outlook.
5. AstraZeneca PLC (NASDAQ:AZN) shares decreased 9.72% following a report suggesting that the company’s insurance fraud involved senior executives in China.
6. Pinterest, Inc. (NYSE:PINS) stock was down 9.60% after the company reported third-quarter results, and several analysts cut the price forecast on the stock.
7. MercadoLibre, Inc. (NASDAQ:MELI) shares fell 9.29% after it reported third-quarter financial results.
8. First Solar, Inc. (NASDAQ:FSLR) stock declined 8.64%, probably due to Donald Trump’s presidential election victory. Investors may be assessing Trump’s policies regarding solar and renewable energy.
9. POSCO HOLDINGS INC. (NYSE:PKX) shares were down 8.42%.
10. Floor & Decor Holdings, Inc. (NYSE:FND) stock fell 8.22%.

Also Read:

• Donald Trump Victory Week (Nov 4-8): These Large Cap Stocks Were Biggest Gainers

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