Investing

The Week's Largest Market Losers

S&P 500 WEEK: BOTTOM 10 (04FEB-10 FEB) Ticker Weekly Price Change (%) Close Price 10Feb11 Close Price 04Feb11 Market Cap($Mil)
Akamai Technologies Inc AKAM -14.9 40.75 47.88 7430.4
Cisco Systems Inc CSCO -14.2 18.92 22.05 104869.1
Computer Sciences Corp CSC -13.7 48.10 55.76 7430.7
NVIDIA Corp NVDA -11.1 22.82 25.67 13258.4
International Flavors & Fragrances Inc. IFF -7.0 54.80 58.91 4381.3
QEP Resources Inc QEP -6.0 37.85 40.28 6647.3
Sysco Corp SYY -5.9 28.10 29.85 16440.9
Southwestern Energy Co SWN -5.8 37.05 39.34 12848.3
Freeport-McMoran Copper & Gold Inc. FCX -5.5 53.62 56.76 50510.0
FMC Technologies Inc FTI -5.2 90.07 95.06 10782.4
Source: Capital IQ

 

The stocks which lost the largest percentage of their value this week where dominated by firms which produced poor earnings. Cisco (NASDAQ: CSCO) announced a forecast for the year ahead which was a deep disappointment to Wall St. Akamai (NASDAQ: AKAM) quarterly  numbers came in below expectations.

Computer Sciences (NYSE: CSC) lowers its forecast for the upcoming year. Nvidia (NASDAQ: NVDA) faces new competition in the tablet PC market from Qualcomm (NASDAQ: QCOM)

Doulas A. McIntyre

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