3 Big Losers This Week
In the following video, Fool.com contributor John Reeves gives investors some insight into three stocks that took a tumble this week. He talks about how Baidu fell around 11% this week after its earnings report showed strong growth that just wasn't strong enough, based on analysts' lofty projections for the company. He also discusses SandRidge , which has now sold off its Permian basin assets and is fully concentrated in the Mississippian. The company had hoped to increase its oil production in the Mississippian, but recent results have shown a higher percentage of natural gas rather than oil in the region, which disappointed investors and had shares down by about 11%. Finally, John discusses specialty steel producer Ampco-Pittsburgh , which, though it actually increased net income, saw sales and operating income fall in the fourth quarter, citing weak global demand, and saw shares down by about 7% this week.
Investors were startled after SandRidge plummeted when natural gas prices reached 10-year lows, but with the company halfway through its ambitious three-year plan to profitability, the future looks bright. If you are unsure about the future of this emerging oil and gas junior, and are looking to find out more about its strengths and weaknesses, you should view this brand-new premium report detailing SandRidge's game plan and what to expect from the company going forward. To get started -- click here!
The article 3 Big Losers This Week originally appeared on Fool.com.John Reeves has no position in any stocks mentioned. The Motley Fool recommends Baidu. The Motley Fool owns shares of Ampco-Pittsburgh and Baidu. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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