DOW - Dow Inc.
| Previous Close | 47.64 |
| Open | 47.47 |
| Bid | 47.61 x 1200 |
| Ask | 48.20 x 900 |
| Day's Range | 47.07 - 48.85 |
| 52 Week Range | 40.44 - 60.52 |
| Volume | 5,840,684 |
| Avg. Volume | 4,536,982 |
| Market Cap | 35.83B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | 14.22 |
| EPS (TTM) | 3.39 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 2.80 (5.89%) |
| Ex-Dividend Date | 2019-08-29 |
| 1y Target Est | 54.55 |
- Investopedia
The Biggest Pesticide Companies in the World
The top pesticide companies in the world demonstrated merger and acquisition activity that may concentrate food production to just a few, massive companies.
- PR Newswire
Dai Nippon Printing Co., Ltd. earns top honors in the 2019 Packaging Innovation Awards by Dow
Award winners represent some of the most innovative packaging breakthroughs in technology, user experience and responsible packaging. MIDLAND, Mich. , Sept. 19, 2019 /PRNewswire/ -- Today, Dow announced ...
- MarketWatch
Dow's 75-point fall led by losses for shares of Dow Inc., Walgreens Boots
DOW UPDATE Dragged down by negative returns for shares of Dow Inc. and Walgreens Boots, the Dow Jones Industrial Average is declining Wednesday afternoon. The Dow (DJIA) was most recently trading 79 points, or 0.
- MarketWatch
Dow drops 150 points on losses for Dow Inc., Caterpillar shares
DOW UPDATE Dragged down by declines for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is falling Wednesday afternoon. The Dow (DJIA) was most recently trading 152 points (0.6%) lower, as shares of Dow Inc.
- MarketWatch
3M, Dow Inc. share losses lead Dow's 68-point drop
DOW UPDATE Shares of 3M and Dow Inc. are trading lower Tuesday morning, sending the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 68 points lower (-0.3%), as shares of 3M (MMM) and Dow Inc.
- Business Wire
Dai Nippon Printing Co., Ltd. Earns Top Honors in the 2019 Packaging Innovation Awards by Dow
Award winners represent some of the most innovative packaging breakthroughs in technology, user experience and responsible packaging.
- InvestorPlace
5 Top Stock Trades for Tuesday: SLB, XOM, KL
Equity markets were relatively quiet on Monday, which is perhaps surprising given that crude oil prices rocketed higher. The commodity jumped more than 13% after a drone strike in Saudi Arabia over the weekend. Here are some top stock trades to watch this week. Top Stock Trades for Tomorrow No. 1: Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB) are up over 5% on the day and could rally even further should demand for crude oil remain strong. On the charts, though, SLB stock is running into an important level. InvestorPlace - Stock Market News, Stock Advice & Trading Tips$40 was support from February until May, when share prices broke down. In July, $40 was a tough level of resistance that forced SLB back to new lows. It has been a tough ride for shareholders. However, with Monday's gap up, shares are above the 200-day moving average. If they can reclaim $40, the 38.2% level near $43.50 is on the table. Above $44 and the 50% retracement is possible. On the downside, see that SLB stays above prior downtrend resistance (the blue line). Top Stock Trades for Tomorrow No. 2: Exxon Mobil (XOM)Like SLB, Exxon Mobil (NYSE:XOM) isn't getting quite the same boost that crude oil is, up "just" 1.6% near the close on Monday. * 7 Tech Stocks You Should Avoid Now From here, bulls will want to make sure XOM stock stays above the 200-day moving average and the 61.8% retracement at $73.33. If it can, the 50% retracement near $76 is on the table, with the next upside target being June/July resistance at $77.If support gives way, I want to see XOM hold up above prior downtrend resistance. Clearing downtrend resistance is a big setup for a lot of down-and-out energy names. Now it needs to stick. Top Stock Trades for Tomorrow No. 3: Kirkland Lake Gold (KL)After last week's retreat, gold is on the move higher again. That's giving a boost to Kirkland Lake Gold (NYSE:KL), which is up 4.3% on the day. However, that's well off the highs near $45. Shares are near a key point on the charts. Should KL close below $42, it will lose short-term support (black line) and uptrend support (blue line). That could open it up to a test of the 200-day moving average.What bulls really need to see is for this support level to hold, and for KL stock to reclaim the 50-day moving average. If it can, it puts $50-plus on the table. Top Stock Trades for Tomorrow No. 4: ServiceNow (NOW)The setup in ServiceNow (NYSE:NOW) is pretty straightforward. Support at $250 held, as shares work on reclaiming the 20-day moving average. If it does, it puts downtrend resistance (blue line) on the table, with a test of $270 as the next upside target above that. However, if the 20-day or downtrend resistance rejects NOW, see that $250 again holds as support.If it fails, a test of the 200-day moving average is likely. Top Stock Trades for Tomorrow No. 5: DowWe've kept an eye on Dow (NYSE:DOW) thanks to that big dividend yield. However, more recently it's been the bullish price action.After bottoming out around $40 last month, shares have been quick to reclaim both the 20-day and 50-day moving averages. Further, Dow stock has also reclaimed the key $47 level. That puts $52 on the table now. On a pullback, I would love to see the $47 level now act as support. However, the 50-day also attracted buyers on two consecutive pullback days (blue box) earlier this month. So that mark is the must-hold for now, in my view. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 5 Top Stock Trades for Tuesday: SLB, XOM, KL appeared first on InvestorPlace.
- Business Wire
Dow named to Dow Jones Sustainability World Index for the 20th year
Today, Dow (DOW) was named to the Dow Jones Sustainability World Index (DJSI) by S&P Dow Jones Indices and RobecoSAM, the investment specialist focused exclusively on Sustainability Investing. This is the 20th year Dow has achieved this prestigious ranking as one of the top companies in the global chemical industry in terms of sustainability performance. “We are humbled to be named to the Dow Jones Sustainability World Index, continuing our sustainability progress as the new Dow,” said Mary Draves, chief sustainability officer and vice president of environment, health and safety.
- GuruFocus.com
US Indexes Close Mostly Lower on Friday
Dow Jones reports its 8th consecutive gain Continue reading...
- MarketWatch
Dow's nearly 75-point climb led by gains for shares of UnitedHealth, Dow Inc.
Behind strong returns for shares of UnitedHealth and Dow Inc., the Dow Jones Industrial Average is trading up Friday morning. The Dow (DJIA) was most recently trading 71 points, or 0.3%, higher, as shares of UnitedHealth (UNH) and Dow Inc. (DOW) are contributing to the blue-chip gauge's intraday rally. UnitedHealth's shares are up $6.41, or 2.8%, while those of Dow Inc. are up $0.54, or 1.2%, combining for a roughly 47-point boost for the Dow.
- Barrons.com
Buy DuPont Stock Because It Could Break Up Again, Citigroup Says
DowDuPont was a huge company that broke apart into three companies: Dow, DuPont, and Corteva. DuPont could get smaller still, according to Citigroup, and that’s good for shareholders.
- MarketWatch
Dow flat despite gains for Dow Inc., Boeing stocks
DOW UPDATE Shares of Dow Inc. and Boeing are trading higher Tuesday afternoon, lifting the Dow Jones Industrial Average into positive territory. Shares of Dow Inc. (DOW) and Boeing (BA) have contributed around a third of the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 23 points higher (0.
- Motley Fool
A Foolish Take: What's Behind the Dow's 2019 Rise?
There are big winners, but also some sizable losers.
- MarketWatch
Dow's nearly 375-point rally led by gains for shares of Intel, Dow Inc.
DOW UPDATE The Dow Jones Industrial Average is rallying Thursday morning with shares of Intel and Dow Inc. leading the way for the blue-chip average. The Dow (DJIA) is trading 373 points (1.4%) higher, as shares of Intel (INTC) and Dow Inc.
- MoneyShow
Turnaround Trio- ATT, Dow and Enterprise Products
By their nature, turnaround stocks involve a fair amount of risk. One way to help reduce that risk is to find out-of-favor stocks that offer high dividend yields, suggests George Putnam, editor of The Turnaround Letter.
- InvestorPlace
Buy Ford Stock for Big Dividends and Improving Auto Sales
It has been a bumpy few years for investors in Ford (NYSE:F) stock. The company blasted out of the recession, with Ford stock running up to as high as $17 in 2014. Since then, however, fate has not been so kind to Ford stock investors.Auto sales peaked a few years ago in North America. Meanwhile, Europe faces persistent economic weakness and the trade war has cast a huge shadow over the company's operations in China. Alarmingly, rival General Motors (NYSE:GM) has made huge inroads in that market as well. * 7 Tech Industry Dividend Stocks for Growth and Income In any case, add it all up, and Ford's stock price has been in a long steady decline. Since 2014, shares have lost nearly half their value, and with hardly any significant rallies along the way. While Ford pays a generous dividend, that hasn't been enough to make up for the stock's inexorable decline. Things may be about to take a turn for the better, however.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Auto Market Is Heating UpWhile the auto industry is hardly booming right now, things are perking up. Look at the most recent monthly data. Thomas King, a senior VP of data analytics for JD Power, said that: "Strong volumes coupled with higher average sales prices means that consumers will spend more purchasing new vehicles in August than any month in history."Encouragingly for the auto makers, the average sale price of vehicles is rising nicely as more customers buy SUVs. The extended weakness in oil prices has resulted in cheaper gasoline, and people are taking that into account when purchasing new vehicles. With Ford relying on the F-150 for so much of its profits, gas prices are a solid tailwind for the firm.Turning back to the figures, however, August numbers won't be enough to make 2019 a huge year for auto sales. JD Power and LMC Automotive are still forecasting a 1.7% decline in total light vehicle sales for 2019. But that's nearly flat, and is well ahead of some more pessimistic assessments earlier this year. F Stock's Huge DividendIf you look at all 500 companies in the S&P 500, Ford stock currently offers the 13th-highest dividend yield of all. Its 6.54% dividend yield is only a whisker behind Dow (NYSE:DOW) at 6.61% for being the highest-yielding industrial company in the index. Nearly all of the companies that yield more than Ford are deeply troubled businesses, such as slumping oil and gas companies or struggling firms in the retail sector.F stock, by contrast, is still performing reasonably well while offering its massive yield. Given its 2018 results, Ford can easily sustain its current dividend. Earnings were double its dividend payout from last year.Similarly, the company's cash flow after accounting for CAPEX left it enough room to pay more than twice the present dividend rate. We're not at peak auto sector profits right now either. That said, if another big recession comes around, the dividend might run into trouble; Ford had to suspend its payouts for several years during the financial crisis. Profitability a Significant Concern for Ford StockIt's not all great news for Ford stock though. The big issue facing the firm right now is that profitability has stalled out. While the company has grown revenues by roughly half since the financial crisis, net income has barely budged. It varies from year to year but there's been little in the way of meaningful growth.Ford is making a gigantic multi-billion dollar restructuring effort. Much of its focus is with international operations; the company is not earning money in various of its overseas markets. All these attempts at cost-cutting are angering some members of the labor force though. With the tight job market in the U.S. and Canada among other places, it may be difficult for Ford to save that much money by squeezing costs. Trade War Hits ProfitsThere's also the uncertainty of what will happen as the trade war intensifies. Through 2017, China accounted for around 20% of Ford's overall vehicle sales. This figure dropped in 2018, and will almost certainly struggle as long as the current icy relations persist.Europe is another key market. It makes up around 25% of Ford's overall vehicle sales. In recent weeks, we've seen Trump step up tariff talk toward Europe. We'll have to wait and see how far things escalate there. Also, a newly-planned trade deal between Europe and certain countries in South America including Brazil and Argentina may be disintegrating. That could affect Ford's supply chain logistics going forward.Speaking of supply chain logistics, there's also the NAFTA replacement deal -- USMCA -- to think about. In theory, Congress should approve it soon. It appears to have enough bipartisan support, however, democratic leadership hasn't let it come up for a vote yet. Canada hasn't ratified the USMCA either -- only Mexico has succeeded in that step. Should political issues arise and end up sinking the USMCA trade pact, it'd be a big blow for Ford stock. Ford Stock VerdictNowadays, it seems many investors are fascinated with upstart auto stocks like Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO). It's important to keep things in perspective, however. Those firms are producing thousands of cars per month or quarter. Ford, by contrast, delivered nearly six million vehicles in 2018, and accounts for nearly 7% of the world's auto market and 14% of sales in North America.Ford survived the financial crisis and it's doing fine now, even with the downturn in the auto industry. For the F stock price to really shoot up, the company needs to obtain higher profit margins. This recent trend of revenue growth but flat profits does little for the share price.That said, the business is stable, the nearly 7% dividend is sustainable, and auto sales are starting to heat up. As a result, Ford stock could top $10 a share in coming months.At the time of this writing, Ian Bezek owned DOW stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Buy Ford Stock for Big Dividends and Improving Auto Sales appeared first on InvestorPlace.
- Reuters
UPDATE 2-Germany to ban use of glyphosate from end of 2023
Germany will ban the use of the weedkiller glyphosate - the subject of billion-dollar U.S lawsuits over claims it causes cancer - from the end of 2023 and limit its use before then, the Environment Ministry said on Wednesday. Germany's move comes after Austria's lower house of parliament in July passed a bill banning all uses of glyphosate and after some 20 French mayors last month banned it from their municipalities, defying the government. Glyphosate is cleared for use in the European Union until December 2022.
- Zacks
Dow Inc. (DOW) Outpaces Stock Market Gains: What You Should Know
Dow Inc. (DOW) closed at $42.63 in the latest trading session, marking a +0.61% move from the prior day.
- InvestorPlace
Dow Jones Today: It Could Have Been Worse
Fridays leading into holiday weekends, particularly the Friday prior to Labor Day, usually don't generate much excitement on Wall Street and if there is, it's usually a bad sign. So with that in mind, today's results were nothing to be concerned about.Source: ymgerman / Shutterstock.com In fact, the results for this Friday, the last trading day of August, weren't too shabby when considering there was a concerning consumer data point released earlier today. Regular readers know that I've been beating the consumer drum quite a bit recently and it is a story worth following for investors."The University of Michigan's final sentiment index fell to 89.8 in August from a previously reported 92.1 and 98.4 in July," according to Bloomberg. "The gauge of current conditions dropped to the lowest since October 2016, while the expectations index matched January as the weakest since that same period."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Even with that the Nasdaq Composite finished lower by 0.13% while the S&P 500 eked out a gain of 0.06%. The Dow Jones Industrial Average finished the day up 0.16%. In late trading, just over half of the Dow's 30 components were trading higher. Dow Winners With AsterisksToday's Dow Jones Industrial Average winners were not large in percentage terms, but two of the standouts merit caution and not just because they are defensive names. Plenty Dow stocks with defensive leanings have been solid performers for the bulk of this year, but UnitedHealth (NYSE:UNH) isn't a member of that group.The healthcare benefits giant gained 1.35% today, good for the best performance among Dow stocks, but the shares still finished August with a loss of more than 1.44%. The best-case scenario is that traders were doing some nibbling at UNH shares today in anticipation of a possible rally over the last four months of the year, but my prescription for caution here stems from a looming democratic debate in September, which could stir more Medicare For All talk. That's always a drag on UNH.Walgreens Boots Alliance (NASDAQ:WBA) jumped 1.57% today, but this is another example of a dog Dow stock with fleas. Despite today's gain, this Dow stock also finished August with a loss of more than 7%.Two other Dow stocks that were winners today, each closing higher by about 1% that I'd be careful with are Caterpillar (NYSE:CAT) and Dow (NYSE:DOW). These are both tariff-sensitive names that notched double-digit declines this month. Maybe trade talks will progress, providing catalysts for these type of cyclical stocks, but in absence of those headlines, investors considering Dow stocks of this nature are likely making no more than technical bets over the near-term. Defensive DeparturesAs I noted above, there were some bounces in defensive Dow stocks today while some similar names saw departures. Namely, McDonald's (NYSE:MCD) and Procter & Gamble (NYSE:PG) were two of the blue chip index's worst-performing names today, each shedding more than 1%.Speculation here, but today's action in those stocks may have been nothing more than some profit taking because McDonald's and P&G posted an average August gain of 3.66%. Given September's reputation for being a rough month for stocks, it would not be surprising to see those Dow stocks do a little better next month. Dow Bottom LineWith all the talk about trade tensions and the Federal Reserve's plans for interest rates, investors should not take their eyes off the earnings ball. Unfortunately, the news isn't so hot to this point in the the third quarter."During the first two months of the third quarter, analysts lowered earnings estimates for companies in the S&P 500 for the quarter," according to FactSet. "The Q3 bottom-up EPS estimate (which is an aggregation of the median EPS estimates of all the companies in the index for the third quarter) dropped by 3.0% (to $41.64 from $42.90) during this period."On another note, investors looking for sector-level ideas for September may want to consider financial services and utilities, which on a historical basis, are the best-performing groups in the ninth month of the year.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post Dow Jones Today: It Could Have Been Worse appeared first on InvestorPlace.
- Zacks
Dow (DOW) and Fuenix Ecogy to Produce 100% Circular Plastic
The deal highlights Dow's (DOW) strategy to shift toward a circular economy for plastics.
- Business Wire
Dow and Fuenix enter into a partnership for the production of 100% circular plastic
Dow (DOW) today announced an agreement with the Fuenix Ecogy Group, based in Weert, The Netherlands, for the supply of pyrolysis oil feedstock, which is made from recycled plastic waste. The feedstock will be used to produce new polymers at Dow’s production facilities at Terneuzen, The Netherlands. This agreement marks an important step forward to increase feedstock recycling – the process of breaking down mixed waste plastics into their original form to manufacture new virgin polymers.
- InvestorPlace
7 Stocks to Buy Down 10% in the Past Week
Last week, President Donald Trump ordered United States companies to move their China-based operations elsewhere. The news sent the S&P 500 down by more than 2.5% in a single day of trading. The decline provided investors with some cheap stocks to buy. But which ones?A quick scan of stocks with market caps of $300 million or more that were down more than 10% over the past week brings up a total of 123 options, the largest being Dow (NYSE:DOW) at $31.3 billion and the smallest being Zynex (NASDAQ:ZYXI) at $300.9 million. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn terms of sectors that were down, healthcare saw the most carnage with 36 stocks losing more than 10% last week, followed closely by basic materials at 35 and services at 21.Of the 123 stocks that lost more than 10% last week, 95 were small-caps with a market cap between $300 million and $2 billion; 24 were mid-caps between $2 billion and $10 billion, and just four had a market cap of more than $10 billion. I've recommended two of them in my group of seven cheap stocks to buy down more than 10% last week. Stocks to Buy: Dow (DOW)Source: JHVEPhoto / Shutterstock.com Over the past five days of trading through August 26, Dow stock lost 10.5%.Dow's stock has been under pressure due to two downgrades in a less than a month from Bank of America Merrill Lynch. The analysts expect lower demand of the company's chemical products to hurt future earnings. On July 26, Bank of America Merrill Lynch cut Dow's rating from "buy" to "neutral" suggesting its chemicals business was stuck in the mud with not much optimism for growth in the near term. This came one day after releasing second-quarter 2019 results that included a 14% decline in sales to $11.0 billion, a 3% decline in volumes and a 35% drop in operating earnings before interest and taxes to $1.1 billion. "In spite of challenging market conditions, our results reflect the benefits of Dow's streamlined and more focused portfolio, continued cost synergy savings and stranded cost removal. In the quarter, we faced margin compression in our intermediate products in both our core business and equity earnings," stated CEO Jim Fitterling. Then on Aug. 16, Bank of America Merrill Lynch downgraded DOW stock a second time to "underperform" from neutral. "We do continue to hold a favorable relative view on the long-term supply for caustic soda over polyethylene, but see these commodities driven in the near-term by sluggish demand," the firm said in a note to clients.Dow stock currently yields 6.8%. Get paid 70 cents a quarter to wait for these commodities to recover. Suzano (SUZ)Source: Shutterstock Over the five days of trading through Aug. 26, Suzano (NYSE:SUZ) stock lost 13.6%. What is Suzano? It's a Brazilian company that uses renewable resources to manufacture pulp and paper made from eucalyptus forests planted specifically for this purpose. It is the first pulp and paper producer in Brazil to use eucalyptus pulp in its products.Started in 1924 by Leon Feffer, the company originally was a reseller of domestic and imported paper for business cards, writing pads, etc. In 1930, it bought its first machine and began making its own paper. The rest is history. The Feffer family and related parties own approximately 46% of the company's shares. David Ferrer is currently the company's chairman of the board. It has 13 million hectares of tree plantations, the equivalent of 200 times the size of Manhattan. It has approximately a 40% share of the Brazilian paper market with more than 35,000 clients. Suzano is by far the biggest pulp producer in Brazil with more than 10.9 million tons capacity in 2018. Over the past four years, it's lowered its cash cost by 12% from $171 per ton to $150 per ton. In April, Suzano completed its $9.3 billion acquisition of Brazilian rival Fibria Celulose to become the world's largest cellulose producer. Why is Suzano's stock down?In the first half of 2019, there was a significant imbalance between pulp supply and demand leading to lower pulp prices. As a result, Suzano's net revenues in the second quarter fell by 20% over last year while its cash cost per ton increased by 11% reducing the division's profitability. * 10 Companies Using AI to Grow Suzano's paper business did much better in the second quarter with net revenues 15% higher and its adjusted earnings before interest, taxes, debt and amortization 45% higher. This compares to a 28% decline in adjusted EBITDA for its pulp segment. Long term, I like the company's prospects, but it first has to get through the current pricing weakness in the industry due to low global demand. Elanco Animal Health (ELAN)Source: Shutterstock Over the five days of trading through Aug. 26, Elanco Animal Health (NYSE:ELAN) stock lost 13.2%.The cause of last week's decline in Elanco's stock price had everything to do with the company's announcement that it would pay $7.6 billion to buy Bayer's (OTCMKTS:BAYRY) animal health unit. Elanco is paying $5.32 billion in cash and issuing approximately 68 million shares of its stock. As a result of the deal, which will double the size of Elanco's companion animal business, the company's debt will increase to five times its adjusted EBITDA. Not only that, but Elanco's share count will increase by 18%, seriously diluting existing shareholders. As a result of the additional debt, S&P and Fitch suggested that the deal could result in a credit rating downgrade from the rating agencies. Analysts believe that Bayer got top dollar for its animal health assets. While Elanco does plan to reduce its debt to adjusted EBITDA ratio to a multiple of three from five currently, the markets believe it might have overpaid for the assets. The merged company will be the second-largest animal health business in the world behind Zoetis (NYSE:ZTS). Although there is some question about Elanco's future growth, opportunities to buy quality assets like these don't come around every day. Long term, this deal should turn out to be a good one for Elanco shareholders. L Brands (LB)Source: JHVEPhoto / Shutterstock.com Over the five days of trading through Aug. 26, L Brands (NYSE:LB) stock lost 15.0%.As if things weren't going poorly enough for the owner of Victoria's Secret and Bath & Body Works, then-CEO and founder Les Wexner got his name all tangled up with the late financier Jeffrey Epstein, who pretended to be a talent scout for the lingerie retailer. Worth several billion dollars, investors started to wonder if the man who trusted such a sinister person with some of his finances could be trusted to turn around a struggling Victoria's Secret. Now, the company has been hit with a financial class-action suit that alleges the company and its executives, including Wexner, made misleading statements about its finances and ability to pay a high dividend despite an ongoing deterioration of its top and bottom line. Essentially, the suit claims that Wexner and company were way too optimistic about the business's overall financial condition in order to keep the stock price as high as possible. However, the worst blow to LB stock came Aug. 22 when it reported poor second-quarter 2019 sales that pushed L Brands stock to levels not seen since December 2009. That's a trifecta of doom that no stock can overcome. "L Brands still believes Victoria's Secret problems are product related, but we believe they are brand and competition related which means these problems are difficult to fix," Jefferies analyst Randal Konik said in a note to clients. "Bath & Body Works comps are slowing and margins are compressing which means the biz has peaked." * 10 Undervalued Stocks With Breakout Potential If not for the success of Bath & Body Works in the past two or three years, L Brands stock would likely be in single digits. Now that Bath & Body Works growth is slowing somewhat, the only investors who should consider investing are aggressive investors willing to accept a ton of risk. As a contrarian bet, I like it. After all, when investors get fearful, it's time to get greedy. Madison Square Garden (MSG)Source: Shutterstock Over the five days of trading through Aug. 26, Madison Square Garden (NYSE:MSG) stock lost 13.9%.The company that owns the New York Knicks and Rangers as well as the iconic Madison Square Garden among its many assets, announced Q4 2019 earnings Aug. 21 that was much worse than expected. The consensus estimate for the fourth quarter was a loss of $2.51 a share with revenue of $270.1 million. MSG actually delivered a loss of $3.08, 57 cents worse than expected, and revenue of $263.6 million; a miss on both the top and bottom line. The biggest investor concern seems to be the company's spherical entertainment venue that it's building in Las Vegas. At the same time it announced earnings, company president Andrew Lustgarten let investors know that the project would cost between $1.2 billion and $1.7 billion by the time it's completed. MSG Sphere, a partnership between the company and Las Vegas Sands (NYSE:LVS), is a state-of-the-art 18,000-seat arena that's expected to open in 2021. Unfortunately, investors see the T-Mobile (NASDAQ:TMUS) Arena just down the road that was built for $375 million in 2016, and can't help but think it's nothing but CEO and controlling shareholder James Dolan's ego project. While it might be Dolan's ego driving the project in Vegas, I'm sure the venue will become just as highly visited as the rest of MSG properties. Down 15% over the past year, the poor optics of MSG Sphere make the current correction a perfect time to buy MSG stock. CrowdStrike (CRWD)Source: Piotr Swat / Shutterstock.com Over the five days of trading through Aug. 26, CrowdStrike (NASDAQ:CRWD) stock lost 10.6%.The California-based cybersecurity company has only been a public company for a little over two months selling its stock to the public June 11 at $34 a share. On its first day of trading, it gained 70.6%; it's up 161.4% through August 27, making it one of the more successful IPOs in 2019, tech or otherwise. CrowdStrike delivers its second quarterly report as a public company on Sept. 5. If Q2 2020 results are as good as the results in its first quarter, investors can rest easy. On July 19, CrowdStrike reported Q1 2020 revenue of $96.1 million, $500,000 higher than the consensus estimate while its loss per share was 47 cents, on par with the analyst estimate. In the second quarter, CrowdStrike expects a loss of between 23 and 24 cents with revenue of at least $103 million. For all of 2020, it expects a loss of 70 to 72 cents with revenue of at least $430 million. At the time of its earnings release, CEO George Kurtz said that the company -- which provides endpoint network protection for companies whose employees access remote devices such as smartphones, laptops, tablets and other wireless devices -- is benefiting from the ongoing move by corporations to the cloud. To put the company's Q1 2019 report in perspective, overall revenues grew 103% year-over-year, subscription revenues grew 116% to $86.0 million, accounting for 89% of its sales and annual recurring revenue grew 114% to $364.6 million. * 10 Marijuana Stocks to Ride High on the Farm Bill Even its non-GAAP losses were 30% lower in the first quarter compared to a year earlier. While I try not to invest in money-losing businesses, the need for CrowdStrike's Falcon platform is real. In a couple of years, you will have forgotten that it once lost money. OrganiGram (OGI) Source: Shutterstock Over the five days of trading through Aug. 26, OrganiGram (NASDAQ:OGI) stock lost 10.6%.Cannabis stocks, in general, have taken it on the chin in recent days and weeks. The ETFMG Alternative Harvest ETF (NYSEARCA:MJ), which has total net assets of $1 billion and is the largest cannabis ETF listed in the U.S., has seen its shares lose 4.9% over those five days, 16.2% over the past month, and 28.3% over the past three months. So, the fact that the OrganiGram lost almost 11% in the past week should not come as a shock. OrganiGram is one of only four licensed producers that have supply agreements for all 10 Canadian provinces, it is ideally positioned to benefit from the growth in the Canadian cannabis market. On July 15, OrganiGram reported its Q3 2019 results. The company's net revenue was $24.8 million CAD, 621% higher than a year earlier. Its gross margin in the quarter was $12.3 million CAD, 647% higher than in the same quarter a year earlier. It had a surprise loss of $10.2 million CAD in the third quarter, down from a profit of $2.8 million CAD a year earlier. But CEO Greg Engel is very excited about the company's future."We are very excited for fiscal 2020 which should build upon an already successful 2019," the company stated in its press release. "By the first half of fiscal 2020, we expect to benefit from record harvests of high-quality indoor-grown dried flower, the sale of a variety of vape pen products as well as our initial edible product forms."The company's state-of-the-art three-level indoor cultivation facility's expansion in New Brunswick will be completed by the end of 2019. At that time, it will have 113,000 kilograms of cannabis production capacity to meet the needs of all 10 provinces. As for edibles and derivative products, it expects to complete the 56,000 square-foot addition to its Moncton facility by the end of October at a cost of $48 million CAD. It is well-positioned to benefit from Canadian legalization in December. OrganiGram's chocolate products alone should bring it significant revenue in 2020. This is one of the cannabis companies I haven't paid much attention to but you shouldn't repeat my mistake. The stock's correction makes it an excellent time to take a closer look.I know I will. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post 7 Stocks to Buy Down 10% in the Past Week appeared first on InvestorPlace.
