Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?


Lowered Earnings Expectations send DJIA, S&P 500, and NASDAQ Into the Tank

By  +Follow January 13, 2014 2:39PM
Tickers Mentioned:

The shockingly dismal jobs report issued by the Department of Labor last week carried over into Monday’s trading session, exacerbating widespread expectations that the first earnings season of 2014 will a disappointing one, and sending stocks plummeting by the closing bell.

The Standard & Poor’s 500 index was off by 1.26 percent to 1,819.20, while the Dow Jones Industrial Average was off by 1.09 percent for a finish at 16,257.94. The NASDAQ took the hardest hit, tumbling 1.47 percent by the end of trading to 4,113.30.

On the S&P 500, big techs provided a significant amount of downward pressure, with Facebook (FB) , Microsoft (MSFT) , and Micron Technology (MU) all heading lower on the day’s heaviest trading. Big banks were also a drag on the benchmark index, however, as Bank of America (BAC) , Citigroup (C) , and Wells Fargo (WFC) off by a percent or more each.

On the upside, support came from Beam Inc. (BEAM) , as the iconic whiskey producer watched shares jump by 25 percent subsequent to the announcement of its acquisition by the popular Japanese distiller Suntory, a deal carrying a price tag of $16 billion including debt.

All of the Dow’s components were caught in the sell-off, with particularly heavy losses for Walt Disney Co. (DIS) and Nike Inc. (NKE) , with the lone exception being major drug manufacturer Merck & Co. Inc.’s (MRK) 6.50 percent gain after the FDA showed renewed interest in the company’s Vorapaxar cardiovascular treatment that had previously been all but written off as a failure.

On the NASDAQ, uber-trendy yoga apparel-maker Lululemon Athletica (LULU) was off by over 16 percent after the company slashed guidance ahead of the release of its balance sheet for the recently-ended quarter. Israeli kitchen gadget-maker SodaStream International (SODA) saw shares lower by 25 percent for the same reason.

Intercept Pharmaceuticals (ICPT) , meanwhile, pared back ever so slightly on the previous week’s heliotropic 560 percent leap, with the stock unloading a relatively insignificant 18 percent by the closing bell. Overall, healthcare stocks performed incredibly well despite the day’s frantic sell-off, with double-digit gains for Alnylam Pharmaceuticals (ALNY) , Galena Biopharma (GALE) , Cadence Pharmaceuticals (CADX) , and Sucampo Pharmaceuticals (SCMP) .

Natural gas futures slated for Feb. 14 delivery were rose over 6 percent to $4.30 on the day on expectations that the polar vortex will continue to engulf huge swathes of the US mainland in unusually cold temperatures over the coming weeks.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

Signup for our daily newsletter and get our best articles emailed right to you!

Results for FB
Steve Mahoney
30 Oct 14 05:08:41
Hey Jon, Any good investing pumpkins? We like $aapl $baba $ibm $fb $twtr $msft Best, Steve http://t.co/qfKZQRp6pt
30 Oct 14 05:06:18
$FB continues to worry about declining PC usage and rise in mobile usage. http://t.co/UnTscI21O1 #opendata #SEC #equities #mobile #facebook
Financial Iceberg
30 Oct 14 05:04:30
Technical Observation of the Day: Closed below the 20 and 50 DMA on Facebook - $FB http://t.co/R2lhYzpuKj
Stock Moo
30 Oct 14 05:01:58
$fb: Weakness Seen in Facebook (FB): Stock Falls 6.1% http://t.co/kC8DjTMGju
Jon Vince
30 Oct 14 05:01:27
RT @psychsignal: Bearishness in $FB up 78.6% compared to past 48hr bearish average of 1.80 on a scale of 0-4
Gr8 Trades
30 Oct 14 04:59:49
Tom Wrigley
30 Oct 14 04:58:57
$FB reiterated Outperform, lowered PT to $88 (from $90) -Credit Suisse #200Pennies
BUZZ Just-In
30 Oct 14 04:58:01
Why access a ticker when you could acesss a group of tickers- Social Media Stocks http://t.co/ajElRTb2Qc $TWTR $LNKD $FB $GRPN $ZNGA
30 Oct 14 04:57:51
RT @AWastler: Top stock lookups on http://t.co/dw39TKnsmw ysty: $FB, $AAPL, $BABA, $TWTR, $BAC, $GILD, $SPY, $ARCP, $GE, $V, $F, $BIDU, $TS…
30 Oct 14 04:56:08
Watching $NFLX $AMZN $TSLA $FB $TWTR $AAPL $PCLN $BIDU $BABA 4 #100kOptionsChallenge per http://t.co/upDpfLpMkH
Wincrease Team
30 Oct 14 04:55:26
Its Thursday so that means chart updates! $AAPL $AMZN $GOOGL $FB $TSLA $NFLX - http://t.co/lJgYoEoMHz
Luis Sanz ♔
30 Oct 14 04:54:41
RT @antoinepic: $FB : #WhatsApp buy: $2bn for users, $448m for brand, $288m for tech, $15bn in "goodwill" (via @tim) http://t.co/Rwv9LHXEfv
Allen Wastler
30 Oct 14 04:54:05
Top stock lookups on http://t.co/dw39TKnsmw ysty: $FB, $AAPL, $BABA, $TWTR, $BAC, $GILD, $SPY, $ARCP, $GE, $V, $F, $BIDU, $TSLA, $C, $AMZN
Sarang Ahuja
30 Oct 14 04:49:51
@gpatronik "if your short (or long $fb) this is a good snapshot read...we'll said and part of our short premise http://t.co/woNJsySK4d"
30 Oct 14 04:45:51
Top 4 Signs the Stock is a Scam http://t.co/ttcBMo9ZS4 #stocks #trading $FB $GPRO $LNKD http://t.co/q2NDQSZB3V
Georgina Hurst
30 Oct 14 04:45:15
The Facebook Ice Bucket Challenge for Investors http://t.co/i039B4Mnqb via @iimag $FB
Jamie Lissette
30 Oct 14 04:43:39
if your short (or long $fb) this is a good snapshot read...we'll said and part of our short premise http://t.co/baEeE0FfNk
Trader 53
30 Oct 14 04:43:20
$AAPL Nice of Cook to put things straight, but it looks like he forgot to nominate the next 3... Hi Zuck! $FB
30 Oct 14 04:42:21
RT @tim: How Facebook accounts for its WhatsApp buy: $2bn for users, $448m for brand, $288m for tech, $15bn in "goodwill". $FB http://t.co/…
30 Oct 14 04:42:11
Don't buy another Pennystock until you watch this free video http://t.co/l5q2BDr9Lz #stocks #trading $FB $TWTR http://t.co/GJPD8qjtSo
30 Oct 14 04:39:54
Cigna Results Exceed Expectations. $CI, $FB, $AAPL. http://t.co/Amd1vnXWmj http://t.co/GTZqhCpaV0
30 Oct 14 04:39:48
RT @etfguide: WATCH: A $200,598 Retirement Plan That Almost Flunks! https://t.co/JG2kiFQT8K #PortfolioReportCard $QQQ $FB $TWTR #403b #Roth…
Chasing Stars
30 Oct 14 04:39:36
$FB % Change Click Here: http://t.co/GjW55tryr3 Also See: $ITB $ORCL $APT $CENX ~
Steve Mahoney
30 Oct 14 04:37:36
Tanzanite Fand 10.30.14 Common+Call Options $AAPL $BABA $FB $TWTR Bought In Dip 🎈 http://t.co/b5eQvGtnqL
Stock Wire
30 Oct 14 04:35:57
Topeka Views on Facebook Inc (FB) Earnings $FB http://t.co/WyZgFM9pmK
30 Oct 14 04:35:31
Parabolic Sar Sell Signals 2/3 $CYS $ECL $ED $FB $GRPN $GY $HCT $HLIT $HTS $INVN $IVR $KRG $MAA $NCT $NLNK $NLY $NU http://t.co/hYAvZOWYiV
30 Oct 14 04:35:19
$FB Quotes Click Here: http://t.co/2WYqgxJo4l Also See: $MU $GOOGL $FREE $XLV ~
Don Fishback
30 Oct 14 04:34:49
1 Day Decrease in ATM IV (Point change) $ZLTQ, $CRAY, $FARO, $SWI, $FB http://t.co/H7wZQ7wLEu
30 Oct 14 04:34:48
1 Day Decrease in ATM IV (Point change) $ZLTQ, $CRAY, $FARO, $SWI, $FB http://t.co/3dmxuFBk09
Technical Charting
30 Oct 14 04:31:53
expect $FB to test 200 ma at 67-68 http://t.co/TAMI5haSuo
Stock Relay
30 Oct 14 04:31:46
$FB Quotes Click Here: http://t.co/KE3Hs3StrV Also See: $NM $AAPL $SMH $SFRX ~
Jack Damn
30 Oct 14 04:31:38
Good morning. Swing book is flat to begin the day. Large Caps on watch: $BA $FB (post earnings) $CME (post earnings). ETFs: $UUP
Investors Hangout
30 Oct 14 04:30:29
$FB Exchange Click Here: http://t.co/a812DwuxqQ Also See: $APT $BMRN $SLW $CSX ~
♥ @MyOrgone ♥
30 Oct 14 04:30:19
Sell $FB!! Earn 100% a year with our 'Top 10 Hedge Fund' Artificial Intelligence - http://t.co/8phRy3QJfL $SPY $QQQ
30 Oct 14 04:30:03
Top Stock Picks: $PG $TWTR $FB $MET $AMED $AAPL $BAC $RFMD $MA $GT http://t.co/Vv2VEn80mr #nasdaq #dow #investors #stockpicks #swingtrading
Hotpage Business
30 Oct 14 04:29:34
#Facebook, #Google, and the Rise of Open Source Security Software - $FB $GOOG http://t.co/kFxVQKCyc4
Arthur Hill
30 Oct 14 04:28:32
$LNKD shows relative weakness ahead of earnings. $AMZN and $TWTR whiffed. $FB was hit. $GOOGL is underperforming. http://t.co/9iLOW5i0Af
Emprendedor Digital
30 Oct 14 04:26:53
Topeka Views on Facebook Inc (FB) Earnings http://t.co/VkWrIbST8H Para invertir en la bolsa... http://t.co/buHHQxSSWk #FB $FB
Rosner Stocks
30 Oct 14 04:24:40
$FB News Click Here: http://t.co/oYTjQzYjj6 Also See: $HALO $APT $INTC $DECK ~
Stock Relay
30 Oct 14 04:24:03
$FB Chart Click Here: http://t.co/k6I8sFwebw Also See: $INFN $ABX $UCO $VMW ~
Financial Iceberg
30 Oct 14 04:22:23
Fibonacci Technical Levels $AMZN, $AAPL, $FB, $GOOG ​#amzn #aapl #fb #goog http://t.co/UfNlX4kN44
Investors Hangout
30 Oct 14 04:21:37
$FB Message Board Posts Click Here: http://t.co/rr439ig0rn Also See: $AMED $F $MOBL $TLT ~
PennyStock Zone
30 Oct 14 04:21:30
http://t.co/iBFjWBITEB <--- Amazing subscriber to Super_Trades - check out his profit chart!!! $VSR $NQ $YY $FB #stocks #trading
Wincrease Team
30 Oct 14 04:18:55
$FB made a spinning top candle off the sell from earnings. - http://t.co/XCyFmF6xHf
30 Oct 14 04:18:43
$LNKD reports Q3 figures after the US close. Can they post a better earnings surprise than $FB's +7.5%? #trading http://t.co/6gfTxJOK4O
30 Oct 14 04:15:08
$FB 52Wk High Click Here: http://t.co/rmLe6b84Qf Also See: $F $BIDU $GLD $BAC ~
Stock Relay
30 Oct 14 04:14:31
$FB Company Info Click Here: http://t.co/2BpA1AyMe0 Also See: $IWM $CAT $RSX $GILD ~
30 Oct 14 04:12:01
$FB Exchange Click Here: http://t.co/oFZlxGH6Eg Also See: $FXI $ANV $IBM $SLV ~
30 Oct 14 04:11:40
$FB Ask Click Here: http://t.co/gZcdlPybLU Also See: $USO $NFLX $FXI $RWLK ~
30 Oct 14 04:03:03
Facebook vows aggressive spending $FB http://t.co/8S9LQWMxh4 http://t.co/pzkFbpPXDu
By  +Follow January 13, 2014 2:39PM



blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.