Negative Movers: Negative Comments and Profit Taking Weigh On Some Stocks

Indie Research

The markets are trading higher on Thursday after retail sales turned positive in June, increasing by 0.1% and business inventories increased in May by 1%. Some Indexes are falling because of negative analyst comments while others are falling from what appears to be profit-taking.

Today's Negative tickerspy Indexes

Radio Stocks (down 2.6% vs S&P 500): Shares of Pandora Media (NYSE:P - News) are leading the Index lower today after Capstone initiated the company with a sell rating and $12 price target late yesterday.

Coffee Stocks (down 2.5% vs S&P 500): Coffee Holding Company (NasdaqCM:JVA - News) is leading the Index lower today. Traders could be taking some profits after the stock has risen over 70% in the last month.

Hotel Stocks (down 2.0% vs S&P 500): Shares of Marriott International (NYSE:MAR - News) are leading the Index lower after the company announced that for 2011, it expects EBITDA of $1.135 billion to $1.180 billion and still expects earnings per share to be in the range of $1.35 to $1.45. Analysts are expecting the company to report EBITDA of $1.177 billion and earnings per share of $1.41 for 2011.

Electronics Retailer Stocks (down 1.5% vs S&P 500): Shares of Best Buy Co. (NYSE:BBY - News) are falling today on average volume.

Hotel REITs (down 1.5% vs S&P 500): Shares of Host Hotels & Resorts (NYSE:HST - News) are leading the Index lower on well above average volume.

A full listing of all the Negative Indexes and related charts and metrics are available at tickerspy.com.

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