Chinese Stocks Dominate Monday’s 10 Worst Performers

3. The Goodyear Tire & Rubber Company (NASDAQ:GT)

The Goodyear Tire & Rubber Company dropped for a second day on Monday, losing 9.07 percent to end at $8.82 apiece as investors parked funds while waiting for further updates on the escalating trade tensions globally coupled with a pessimistic comment from a former hedge fund.

In the Thursday episode of the Mad Money show, host and former hedge fund manager Jim Cramer advised a caller about what he thinks about GT’s stock.

“Value trap, my friend, value trap. So many people have tried to make this thing work in my career so many times and every time that’s happened, it just doesn’t pay off,” he said. “They did the restructuring, and the stock has been knocked down like every industrial company has.”

Last week, GT earned an upgrade in its stock rating from Deutsche Bank to “buy” from “hold” previously, citing improved execution on asset sales and cost savings under the company’s Goodyear Forward restructuring plan.

“The rubber has met the road,” said Deutsche Bank analysts, highlighting progress in divestitures and operational efficiencies.