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?

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.
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.
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.
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.
Bruker Corporation (NASDAQ:BRKR) shares decreased 13.8% after the company reported Q1 revenue miss.
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.
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.
Centrais Electricas Brasileiras S.A. (NYSE:EBR) shares were down 13.5%.
MicroStrategy Incorporated (NASDAQ:MSTR) shares dived 12.7% after the company reported Q1 financial results.
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.
The Carlyle Group Inc. (NASDAQ: CG) shares decreased 12.4% after the company reported Q1 financial results.
Global Payments Inc. (NYSE:GPN) shares were down 11.3% after it reported Q1 financial results and issued guidance.
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.
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.
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)

Photo: Shutterstock

Recommended

Is Big Pharma's Next Target Already in Play? - Ad

85% Off: Unlock the 5 gold stocks that could surge - Ad

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

Popular

Analyst Sees Value In Neumora's Expanding Obesity And Metabolic Pipeline

RBC upgrades Neumora, citing strong early NLRP3 obesity data and growing pipeline momentum ahead of key 2026 readouts.

New York advances casinos at a Bronx golf course and near Mets stadium

NEW YORK (AP) — Casinos proposed for a golf course in the Bronx and next to the New York Mets’ ballpark are poised to cash in on a for the New York City area.

A Tiny Biotech Just Posted 10× Stronger Cancer Results

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Early studies show this breakthrough delivery platform would make cancer treatments safer and more powerful. Now, with Big Pharma watching closely, investors are starting to take notice of what could be the next major biotech story.

Trump's Approval Rating Hits Lowest Since Returning To Office, With Support Falling Among Republicans, Independents

Trump's approval rating hits new low as Republican and independent support drops. Economy, immigration, and budget handling are major concerns.

Space forecasters say severe solar storms could hit Earth and trigger auroras

NEW YORK (AP) — Space weather forecasters issued an alert on Tuesday for incoming severe that could produce and temporarily disrupt communications.

The Smart Money Copper Trade

The Smart Money Copper Trade - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Indigenous groups get the spotlight at UN climate talks, but some say visibility isn't power

BELEM, Brazil (AP) — Indigenous people are used to adapting, so when the power failed at their kickoff event at this year's , they rolled with it. Participants from around the world sweated through song, dance and prayers, improvising without microphones and cooling themselves with fans made of paper or leaves.

Ukrainian Naval Drones Cripple Two Russian Oil Tankers In Black Sea, Disrupt Moscow's Shadow‑Fleet Operations

Ukrainian naval drones struck 2 sanctioned tankers in Black Sea, critically damaging both and crippling a key Russian oil‑transport route.

Urgent Copper Stock With Strong Catalysts

Urgent Copper Stock With Strong Catalysts - Ad

Kevin O'Leary Slams Trump's $2,000 Tariff Rebate Checks: 'Everyone Loves The Idea Of A Free Check'

Investor Kevin O'Leary calls Trump's tariff rebate checks out on X, saying it is a "quick band-aid" in a tough economy.

AP Lifestyles Digest for week of Dec. 1

Here is the AP Lifestyles Digest for the week of Dec. 1. Note AP's Holiday Gift Guide Digest moved Nov. 12 and is included at the end.

Copper, Silver, Gold, Tungsten - This Nevada Play Offers Multiple Shots on Goal

Copper, Silver, Gold, Tungsten - This Nevada Play Offers Multiple Shots on Goal - Ad

Most early-stage resource opportunities rely on one metal. This one doesn't. The Walker Lane belt hosts copper, silver, gold, and tungsten - and recent results across the district confirm all four. This startup has stepped in with multi-metal exposure, giving investors several potential ways to capture upside.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

Coreweave, Rocket Lab, AST Spacemobile, Rigetti And Bigbear.Ai: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indexes closed higher on Monday, with the Dow Jones Industrial Average climbing 0.8% to 47,368.63.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Cyber Weekend Sale! 85% Off Disruptors and Dominators!

Cyber Weekend Sale! 85% Off Disruptors and Dominators! - Ad

Nvidia's robot breakthrough, unveiled by CEO Jensen Huang at CES, could spark a $24T revolution. He said the "ChatGPT moment" for robotics is near. I believe the lives of 65M Americans could be impacted - this year. And one $7 stock could be the biggest winner.

Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion

TOKYO (AP) — Japanese technology company SoftBank Group Corp. said Tuesday that it has sold all the Nvidia Corp. shares that it owned for $5.83 billion, while it reported higher than expected profit in the first half of this fiscal year.

Barrick's Breakup Rumors, North America Versus The World

Barrick Mining (NYSE: B) may split into two companies, one focused on North America and another on Africa and Asia.

$270,000 Drug. One Competitor. Billion-Dollar Market.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

What's Going On With Papa John's (PZZA) Stock Today? (UPDATED)

Shares of Papa John's International, Inc. (NASDAQ: PZZA) moved higher on Monday. Here's what you need to know.

Joan Branson, wife of British billionaire Richard Branson, dies at 80

Joan Branson, the wife of British billionaire Richard Branson, has died at age 80.

Is Big Pharma's Next Target Already in Play?

Is Big Pharma's Next Target Already in Play? - Ad

A small biotech may have cracked one of medicine's biggest problems-how to deliver cancer drugs safely and effectively. With patented technology and promising early data, it's already catching the attention of Big Pharma.

Analyst Sees Strong Medtronic Momentum Through 2026 With Buy Rating Intact

BofA expects Medtronic to post over 5% second-quarter revenue growth and maintain strong momentum through 2026, driven by robust procedure trends.

Movie Review: Time has outrun this 'Running Man'

It’s always interesting when time overtakes the dystopias of the past. In 1982 novel “The Running Man,” the United States has fallen into a totalitarian state, divided between haves and have-nots, where all movements can be surveilled and realistic video propaganda is easily generated. King’s book was set in the year 2025.

85% Off: Unlock the 5 gold stocks that could surge

85% Off: Unlock the 5 gold stocks that could surge - Ad

Gold pushed past $4,200, but our expert Sean Brodrick says the real opportunity could lie in a handful of stocks that may soar far beyond gold. He believes the biggest bull market is taking shape and thinks these five companies may have major upside. This weekend only, you can get all five names for just $19.

OpenAI's Partners Rake Up $96 Billion Debt as AI Industry's Borrowing Trend Escalates

Companies supplying data centers, chips, and processing power to OpenAI have racked up a staggering $96 billion in debt to fund their operations.

Donald Trump Administration's Unprecedented Investment In Private Firms Raises Eyebrows

President Trump administration has invested over $10 billion of taxpayer funds in private companies deemed crucial to national security.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

The Key to a Winning 401(k)

: when to start, how much to save, and where to invest. The investing decision has drawn more attention as government regulators work to open 401(k) plans to alternative assets such as .

Swiss voters reject mandatory national service for women and new inheritance tax

GENEVA (AP) — Swiss voters on Sunday decisively rejected a call to require women to do national service in the military, civil protection teams or other forms, as all men must do already.

A Tiny Biotech Just Posted 10× Stronger Cancer Results

A Tiny Biotech Just Posted 10× Stronger Cancer Results - Ad

Axon Enterprise: From TASER To AI-Powered Public Safety Platform

Axon Enterprise is executing an interesting transition from hardware vendor to high-margin SaaS and AI platform...

Elon Musk Says SpaceX Will Carry '99% Of All Earth Payload' Once Starship Flies Daily

Elon Musk says SpaceX will handle nearly all of Earth's orbital payloads in the coming years as Starship development continues.

The Smart Money Copper Trade

The Smart Money Copper Trade - Ad

Why Is Occidental Petroleum Stock Gaining Tuesday?

Analysts highlight OXY's robust earnings, production guidance, and expanded resource base as key growth drivers.

Auto Industry Faces 'EV Winter' Amid Policy Shifts and Supply Chain Woes

The US auto industry is currently facing a myriad of obstacles that are posing a threat to the expansion of EVs.

Urgent Copper Stock With Strong Catalysts

Urgent Copper Stock With Strong Catalysts - Ad

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

Trending Now