The $43B Big Pharma Story is Starting Over-With a New Player

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

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

Lekha Gupta
May 05, 2024

These 15 large-cap stocks were the worst performers last week. Are they in your portfolio?

  1. CVS Health Corporation (NYSE: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. (NASDAQ: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 (NASDAQ: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. (NASDAQ: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 (NASDAQ:BRKR) shares decreased 13.8% after the company reported Q1 revenue miss.
  6. Stellantis N.V. (NYSE: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. (NASDAQ: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. (NYSE:EBR) shares were down 13.5%.
  9. MicroStrategy Incorporated (NASDAQ:MSTR) shares dived 12.7% after the company reported Q1 financial results.
  10. GE HealthCare Technologies Inc. (NASDAQ: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. (NYSE:GPN) shares were down 11.3% after it reported Q1 financial results and issued guidance.
  13. Banco Bilbao Vizcaya Argentaria S.A. (NYSE: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 (NASDAQ: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 (NASDAQ: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)

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