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Top 10 Losers Today

In this article, we will look at the top 10 losers today. If you want to see some more stocks losing value on Wednesday, go directly to Top 5 Losers Today.

U.S. stocks inched lower on Wednesday morning after the Commerce Department released the economic data for the third quarter. The data showed that the U.S. economy advanced at 2.9 percent in Q3, up from the initial estimates of 2.6 percent growth and marginally above the consensus forecast calling for a gain of 2.7 percent.

Meanwhile, the drop in the share prices of stocks like CrowdStrike Holdings, Inc. (NASDAQ:CRWD), Nutrien Ltd. (NYSE:NTR) and Carvana Co. (NYSE:CVNA) also contributed to the losses in all three major U.S. indices.

Shares of Carvana Co. (NYSE:CVNA) and Nutrien Ltd. (NYSE:NTR) fell this morning after receiving a downgrade from analysts. On the other hand, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares lost nearly 20 percent of their value on a weak sales outlook for the current quarter.

In addition, shares of Hormel Foods Corporation (NYSE:HRL) and NetApp, Inc. (NASDAQ:NTAP) also dropped today on a soft financial outlook. Check out the complete article to see some other stocks losing value today.

Photo by Ruben Sukatendel on Unsplash

10. Solid Power, Inc. (NASDAQ:SLDP)

Number of Hedge Fund Holders: 15

Shares of Solid Power, Inc. (NASDAQ:SLDP) hit a new 52-week low of $2.88 this morning after DA Davidson downgraded the Colorado-based battery startup from “Buy” to “Neutral.”

Analyst Michael Shlisky was primarily moved by the company’s latest announcement about CEO transition. Shlisky also cut his price target for Solid Power, Inc. (NASDAQ:SLDP) from $13 per share to $5 per share.

Solid Power, Inc. (NASDAQ:SLDP) announced late Tuesday that its chief executive officer Douglas Campbell is leaving the company. Subsequently, the board named David Jansen, its current President, as an interim CEO.

9. Leslie’s, Inc. (NASDAQ:LESL)

Number of Hedge Fund Holders: 17

Shares of Leslie’s, Inc. (NASDAQ:LESL) turned red in pre-market trading Wednesday after issuing a weak earnings outlook for its fiscal year 2023. The outdoor supplies and sporting goods retailer projected adjusted earnings of 78 – 86 cents per share, below the consensus of 92 cents.

Leslie’s, Inc. (NASDAQ:LESL) released the guidance along with its fiscal fourth quarter results. The company reported adjusted earnings of 35 cents per share, up from 26 cents per share in the same period of 2021.

Revenue came in at $475.6 million, representing a surge of 16 percent on a year-over-year basis. Analysts expected Leslie’s, Inc. (NASDAQ:LESL) to earn 31 cents per share on revenue of $470.3 million.

8. Invitation Homes Inc. (NYSE:INVH)

Number of Hedge Fund Holders: 21

Invitation Homes Inc. (NYSE:INVH) shares slightly moved down this morning after Wolfe Research downgraded the home leasing company from “Outperform” to “Peer Perform,” citing a challenging operating environment.

Earlier this week, Raymond James analyst Buck Horne also lowered his ratings for Invitation Homes Inc. (NYSE:INVH) from “Strong Buy” to “Outperform,” mentioning a surge in property taxes.

Horne believes rising property taxes would ultimately weigh on the operating income growth of Invitation Homes Inc. (NYSE:INVH) in the coming quarters. He also cut his price target for the stock from $44 per share to $35 per share.

7. Hormel Foods Corporation (NYSE:HRL)

Number of Hedge Fund Holders: 29

Hormel Foods Corporation (NYSE:HRL) posted lower-than-expected sales for its fiscal fourth quarter. In addition, its sales outlook for fiscal 2023 also fell short of expectations. As a result, its shares fell to a nearly one-month low this morning.

The food processing company posted earnings of 51 cents per share for the three months ended October 31, unchanged from last year and just above the expectations of 50 cents. In addition, Hormel Foods Corporation (NYSE:HRL) posted revenue of $3.28 billion, down 5 percent over the year-ago quarter and below the consensus of $3.38 billion.

For its fiscal year 2023, Hormel Foods Corporation (NYSE:HRL) expects revenue in the range of $12.6 – $12.9 billion, below analysts’ average forecast of $13.1 billion.

Like Hormel Foods Corporation (NYSE:HRL), CrowdStrike Holdings, Inc. (NASDAQ:CRWD), Nutrien Ltd. (NYSE:NTR) and Carvana Co. (NYSE:CVNA) were also on the list of top 10 losers today.

6. NetApp, Inc. (NASDAQ:NTAP)

Number of Hedge Fund Holders: 36

Shares of NetApp, Inc. (NASDAQ:NTAP) dropped over 11 percent this morning following mixed financial performance for its fiscal second quarter and revised outlook for the full year.

NetApp, Inc. (NASDAQ:NTAP) reported adjusted earnings of $1.48 per share, easily beating the consensus of $1.33 per share. However, the quarterly revenue of $1.66 billion was marginally below the consensus of $1.67 billion.

Looking forward, NetApp, Inc. (NASDAQ:NTAP) cut its full-year adjusted profit outlook to a range of $5.30 – $5.50 per share, from its previous guidance between $5.40 – $5.60 per share.

Speaking on the results, CEO of NetApp, Inc. (NASDAQ:NTAP), George Kurian, said in a statement:

“We delivered a solid quarter in a dynamic environment, with all-time highs for Q2 revenue, billings, gross profit dollars, operating income, and EPS. Our modern approach to the hybrid multi-cloud delivers significant value to our customers and creates sizeable opportunity for us. In a challenging macro environment, we remain focused on innovation, execution, and operational discipline.”

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Disclosure: None. Top 10 Losers Today is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

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As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

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AI needs energy. Energy needs infrastructure.

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This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

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This company is completely debt-free.

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The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…