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Stocks That Fell to 3-Year Lows in the Week of March 29

- By Shuda Xia

Annaly Capital Management Inc. (NLY), WPP PLC (WPP), Goodyear Tire & Rubber Co. (GT), and CenturyLink Inc. (CTL) have declined to their three-year lows.

Annaly Capital Management Inc. (NLY) declined to $9.99

The prices of Annaly Capital Management Inc. (NLY) shares have declined to $9.99 on March 29, which is only 4.2% above the 3-year low of $9.57.


Annaly Capital Management Inc. is an American mortgage real estate investment trust. The company borrows money via short term repurchase agreements and reinvests the proceeds in asset backed securities. The company generates profits from the net interest spread between the interest it earns from assets and borrowing costs.

Annaly Capital Management Inc. has a market cap of $13.99 billion; its shares were traded around $9.99 with and P/S ratio of 18.56. The trailing 12-month dividend yield of Annaly Capital Management Inc. stocks is 9.01%. The forward dividend yield of Annaly Capital Management Inc. stocks is 11.93%.

On March 14 Annaly Capital Management Inc. announced that the company's Board of Directors has declared the first quarter 2019 common stock cash dividend of $0.30 per common share. The dividend is payable on April 30 to shareholders of record at the close of business on March 29.

WPP PLC (WPP) declined to $52.80

The prices of WPP PLC (WPP) shares have declined to $52.80 on March 29, which is only 4.7% above the 3-year low of $50.31.

WPP PLC is a British international advertising and public relations company. The company owns a variety of advertising, public relations and market research networks, including IMRB, Millward Brown, Grey, and TNS. The company is a component of the FTSE 100 Index and has listings in both the NASDAQ and LSE.

WPP PLC has a market cap of $13.35 billion; its shares were traded around $52.80 with a P/E ratio of 9.57 and P/S ratio of 0.64. The trailing 12-month dividend yield of WPP PLC stocks is 7.68%. The forward dividend yield of WPP PLC stocks is 7.48%. WPP PLC had an annual average earnings growth of 6.90% over the past 10 years.

On March 12 WPP PLC announced the appointment of Cindy Rose OBE to its board as a non-executive director. Rose became the UK CEO of Microsoft in 2016, with responsibility for all of Microsoft's product, service, and support offerings across the UK. Prior to Microsoft, Rose was the Managing Director of the UK Consumer division at Vodafone where she led the expansion of its retail store estate from 350 to over 500 stores.

Goodyear Tire & Rubber Co. (GT) declined to $18.15

The prices of Goodyear Tire & Rubber Co. (GT) shares have declined to $18.15 on March 29, which is only 4.7% above the 3-year low of $17.30.

Goodyear Tire & Rubber Co. is an American international tire manufacturing company that manufactures tires for automobiles, commercial trucks, light trucks, airplanes, and farm equipment. The company is one of the top four tire manufactures along with Bridgestone, Michelin, and Continental.

Goodyear Tire & Rubber Co. has a market cap of $4.22 billion; its shares were traded around $18.15 with a P/E ratio of 6.23 and P/S ratio of 0.27. The trailing 12-month dividend yield of Goodyear Tire & Rubber Co. stocks is 3.32%. The forward dividend yield of Goodyear Tire & Rubber Co. stocks is 3.58%. Goodyear Tire & Rubber Co. had an annual average earnings growth of 9.60% over the past 10 years.

On Feb. 8 Goodyear Tire & Rubber Co. reported results for the fourth quarter and full year 2018. Sales for the quarter were $3.9 billion, a 5% decrease compared to sales of $4.1 billion during the same quarter prior year. Tire unit volumes totaled 40.7 million, a decrease of 3% from 42.0 million a year ago. Net income for the quarter was $110 million, compared to a net loss of $96 million during the same quarter prior year.

CenturyLink Inc. (CTL) declined to $11.99

The prices of CenturyLink Inc. (CTL) shares have declined to $11.99 on March 29, which is only 3.9% above the 3-year low of $11.52.

CenturyLink Inc. is an American telecommunications company that provides communications and data services to residential, business, governmental, and wholesale customers in 37 states. The company operates as a local exchange carrier and internet access provider in U.S. markets and is the third largest telecommunications company in the U.S.

CenturyLink Inc. has a market cap of $12.95 billion; its shares were traded around $11.99 with and P/S ratio of 0.55. The trailing 12-month dividend yield of CenturyLink Inc. stocks is 15.60%. The forward dividend yield of CenturyLink Inc. stocks is 8.30%.

On March 1 CenturyLink Inc. announced that its board of directors has declared a regular quarterly cash dividend of $0.25 per share. The dividend was paid on March 22 to shareholders of record at the close of business on March 12.

Disclosure: I do not own stock in any of the companies mentioned in the article.








This article first appeared on GuruFocus.