Markets will not soon forget last Friday’s stock decline, the worst session last seen in late January. This creates market winners and losers.
Winners
Globe Life (GL), which fell from $125 to $50, gained 20% on April 12. The insurance and investment firm countered allocations made by a short seller. The firm said the report was misleading, containing anonymous allocations.
State Street (STT) posted $1.69 in non-GAAP earnings per share in Q1. Markets may buy STT stock on its 1.3% revenue increase.
Kimco Realty (KIM) may reverse its downtrend since peaking at over $22. At $18.10, markets do not appreciate its sale of 10 properties on March 27. This raises $248 million and strengthens its balance sheet.
Losers
Arista (ANET) lost 8.55% last Friday on no news. The stock is a losing holding for the day but a strong growth and profitable idea.
Zoetis (ZTS) lost 7.84% last Friday on reports of adverse events linked to its arthritis drug. At a 52-week low, investors may hold a company with strong prospects for two pain drugs: Librela and Solensia.
FMC Corp. (FMC) dropped by 7.8% on no news. It is the second most-shorted stock in the materials sector.
