Athletic apparel maker Under Armour Inc today reported Q4 2016 earnings results that missed Wall Street’s expectations, causing shares to plunge by about 25% as of this writing. The company also set disappointing guidance going forward and said that its CFO would resign for personal reasons. The tanking share prices affect not only investors who…
Shares of Fiat Chrysler Automobiles crashed today as the Environmental Protection Agency accused the company of violating U.S. laws by using software to help its diesel vehicles meet emissions standards in lab tests. Bloomberg News reports that the company’s liability could be as much as $4.6 billion, which comes just days after Volkswagen AG agreed to…
There are just a few more trading days left in 2016 for investors to sell losing stocks and ETFs in order to harvest tax losses with which to offset investment gains elsewhere or ordinary income for the year. Given the post-election rally and string of new highs, investors probably have fewer losing stocks to sell—admittedly…
Shares of McKesson Corporation (MCK) are off more than 20% today after the company missed consensus forecasts in this morning’s quarterly earnings report. Net profits for the quarter fell by about half versus last year, as management revised its forward guidance sharply lower. Several of McKesson’s competitors also sold off, following comments on the earnings call that a competitor…
Deutsche Bank’s shares (DBK:GR) are tanking over renewed worries about the bank’s financial stability and whether it will need to seek help from Berlin, rumors of which the bank denies. Shares are down more than 50% year-to-date, including a decline of about 7% on Monday. Thankfully, the fallout for ETF investors has been limited so…