Here’s Why Investors Are Bailing On These Four Stocks Today

TASER International, Inc. (NASDAQ:TASR) shares fell 13.65% after the police equipment company reported third quarter earnings of $0.03 per share on revenues of $50.7 million, widely missing profit estimates, by $0.06 per share, despite beating revenue expectations by $3.49 million. Revenue from the company’s Taser Weapons division fell by 1.2% year-over-year while revenue from the company’s Axon cameras jumped by 150.2% year-over-year. Evidence.com and Axon bookings rose by 141% year-over-year to $36.9 million. Given the company’s high forward P/E, investors hoped for stronger growth numbers that TASER couldn’t meet this quarter. New products and more international sales would help with that growth. 18 funds reported TASER stakes worth $130.88 million at the end of June, good for 7.4% of the stock’s float. Peter Rathjens, Bruce Clarke and John Campbell‘s Arrowstreet Capital owned 1.03 million TASER shares at the end of the second quarter.

Lastly, Archer Daniels Midland Company (NYSE:ADM) is down by 8.23% after the company reported third quarter earnings of $0.60 per share on revenues of $16.57 billion, missing estimates by $0.10 per share and $1.2 billion, respectively. Earnings missed expectations because of the strong dollar and increased crop supplies, particularly in South America. Hedge funds aren’t overly excited about Archer Daniels Midland Company (NYSE:ADM), as 33 funds reported stakes worth $867.05 million, accounting for just 2.90% of the float at the end of June. Cliff Asness‘ AQR Capital Management is a leading shareholder, with a stake of 7.77 million shares at the end of the second quarter.

Although shares are off by 18% year-to-date, we’re big fans of Archer Daniels Midland Company and think the stock is a good long-term holding. The company trades at a low forward P/E of 13.7 and has a wide moat. The third quarter’s negative conditions are not structural headwinds and will abate. Meanwhile, the stock pays a nice 2.4% dividend yield.

Disclosure: None