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Philip van Doorn

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May 9, 2019, 1:10 p.m. EDT

Here are this week’s biggest stock-market losers as Trump’s trade war on China continues

DowDuPont lead the Dow lower, while chip stocks falter

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By Philip van Doorn, MarketWatch


Bloomberg
President Donald Trump

U.S. stocks declined for a fourth straight trading session Thursday after President Trump said China’s government “broke the deal” on trade.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -4.06% fell as much as 450 points (1.7%), while the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -3.37%  pulled back as much as 1.5%, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -3.79%  was down as much as 1.8%.

More on trade negotiations and how the markets may be affected as President Trump’s Friday deadline for more tariffs on imports from China approaches:

• ‘China has chosen to retreat’ — the U.S. view as negotiations reach critical juncture

• With Trump threatening to tighten the trade screws, here’s a look at what tariffs have done so far

• How U.S.-China trade uncertainty could trigger a stock-market buy signal

Index losers

All but two of the Dow 30 stocks were down for the week, as of noon ET on Thursday:

Company Ticker Price change since May 3 Price change - May 9, 2019 Price change - 2019 Price change - 2018 Decline from 52-week high
DowDuPont Inc. -11.4% -2.4% -14.0% -49.5% -36.1%
Intel Corp. /zigman2/quotes/203649727/lastsale INTC -9.7% -5.1% -0.5% 1.7% -21.6%
Boeing Co. /zigman2/quotes/208579720/lastsale BA -7.4% -3.1% 8.1% 9.4% -21.8%
Caterpillar Inc. /zigman2/quotes/203434128/lastsale CAT -7.3% -2.3% 1.5% -19.4% -20.2%
Apple Inc. /zigman2/quotes/202934861/lastsale AAPL -6.3% -2.3% 25.7% -6.8% -15.1%
3M Co. /zigman2/quotes/205029460/lastsale MMM -5.4% -1.9% -8.0% -19.0% -20.3%
United Technologies Corp. /zigman2/quotes/203237915/lastsale UTX -5.0% -1.8% 26.4% -16.5% -6.8%
International Business Machines Corp. /zigman2/quotes/203856914/lastsale IBM -4.7% -3.1% 17.6% -25.9% -13.4%
Nike Inc. Class B /zigman2/quotes/203439053/lastsale NKE -4.4% -1.0% 10.5% 18.5% -9.0%
Cisco Systems Inc. /zigman2/quotes/209509471/lastsale CSCO -4.5% -1.9% 21.1% 13.1% -8.8%
Home Depot Inc. /zigman2/quotes/208081807/lastsale HD -4.1% -1.5% 11.9% -9.3% -10.8%
Goldman Sachs Group Inc. /zigman2/quotes/209237603/lastsale GS -3.9% -0.8% 19.4% -34.4% -18.9%
JPMorgan Chase & Co. /zigman2/quotes/205971034/lastsale JPM -4.0% -1.0% 14.2% -8.7% -6.5%
Microsoft Corp. /zigman2/quotes/207732364/lastsale MSFT -3.6% -1.0% 22.3% 18.7% -5.5%
Coca-Cola Co. /zigman2/quotes/209159848/lastsale KO -3.2% -1.5% -0.4% 3.2% -7.3%
Merck & Co. Inc. /zigman2/quotes/209956077/lastsale MRK -3.1% -0.9% 1.4% 35.8% -7.6%
Walmart Inc. /zigman2/quotes/207374728/lastsale WMT -2.9% -1.2% 6.4% -5.7% -6.7%
American Express Co. /zigman2/quotes/203805826/lastsale AXP -2.9% -1.4% 21.6% -4.0% -3.2%
Johnson & Johnson /zigman2/quotes/201724570/lastsale JNJ -2.9% -1.4% 6.9% -7.6% -7.4%
Visa Inc. Class A /zigman2/quotes/203660239/lastsale V -2.5% -1.7% 19.7% 15.7% -4.7%
Verizon Communications Inc. /zigman2/quotes/204980236/lastsale VZ -2.2% -0.7% -0.4% 6.2% -9.1%
Travelers Companies Inc. /zigman2/quotes/206313935/lastsale TRV -2.0% -0.8% 17.3% -11.7% -2.6%
Procter & Gamble Co. /zigman2/quotes/202894679/lastsale PG -2.0% -1.0% 13.1% 0.0% -3.0%
Walgreens Boots Alliance Inc. /zigman2/quotes/203410933/lastsale WBA -1.8% -0.8% -22.3% -5.9% -38.5%
Exxon Mobil Corp. /zigman2/quotes/204455864/lastsale XOM -1.7% -0.9% 11.7% -18.5% -12.8%
Pfizer Inc. /zigman2/quotes/202877789/lastsale PFE -1.7% -0.7% -6.8% 20.5% -12.5%
Walt Disney Co. /zigman2/quotes/203410047/lastsale DIS -0.2% -0.7% 22.2% 2.0% -5.9%
McDonald's Corp. /zigman2/quotes/203508018/lastsale MCD -0.3% -0.5% 10.9% 3.2% -1.5%
UnitedHealth Group Inc. /zigman2/quotes/210453738/lastsale UNH 2.3% -0.8% -4.8% 13.0% -17.6%
Chevron Corp. /zigman2/quotes/205871374/lastsale CVX 2.6% 2.4% 10.6% -13.1% -8.2%
Source: FactSet

You can click the tickers for more about each company — some of the declines sprang from earnings results and other news, not necessarily trade tensions.

Among the S&P 500, 90% of the stocks were down for the week. Here are the 10 worst performers:

Company Ticker Price change since May 3 Price change - May 9, 2019 Price change - 2019 Price change - 2018 Decline from 52-week high
Mylan NV /zigman2/quotes/209413137/lastsale MYL -18.5% 4.3% -16.7% -35.2% -46.3%
Affiliated Managers Group Inc. /zigman2/quotes/209583132/lastsale AMG -15.9% -0.9% -4.4% -52.5% -45.2%
TripAdvisor Inc. /zigman2/quotes/206118480/lastsale TRIP -13.5% -2.1% -11.7% 56.5% -31.0%
Microchip Technology Inc. /zigman2/quotes/208326291/lastsale MCHP -13.3% -4.6% 21.5% -18.2% -16.2%
KLA-Tencor Corp. /zigman2/quotes/209248041/lastsale KLAC -12.4% -1.7% 25.8% -14.8% -12.8%
Marathon Petroleum Corp. /zigman2/quotes/209634297/lastsale MPC -12.2% -4.7% -10.8% -10.6% -40.5%
IPG Photonics Corp. /zigman2/quotes/203325788/lastsale IPGP -12.0% -4.9% 33.1% -47.1% -42.4%
DowDuPont Inc. -11.4% -2.4% -14.0% -49.5% -36.1%
Western Digital Corp. /zigman2/quotes/204213617/lastsale WDC -11.2% -3.4% 22.0% -53.5% -49.1%
Micron Technology Inc. /zigman2/quotes/205710729/lastsale MU -10.7% -2.6% 22.0% -22.8% -40.1%
Source: FactSet

Here are the 10 stocks among the Nasdaq-100 that were down the most for the week:

Company Ticker Price change since May 3 Price change - May 9, 2019 Price change - 2019 Price change - 2018 Decline from 52-week high
Mylan NV -18.5% 4.3% -18.5% -33.8% -46.3%
Microchip Technology Inc. -13.3% -4.6% -13.3% 14.6% -16.2%
KLA-Tencor Corp. -12.4% -1.7% -12.4% 22.3% -12.8%
Western Digital Corp. -11.2% -3.4% -11.2% -36.1% -49.1%
Micron Technology Inc. -10.7% -2.6% -10.7% 5.4% -40.1%
JD.com Inc. ADR Class A /zigman2/quotes/205122565/lastsale JD -10.5% 0.0% -10.5% -27.5% -40.5%
Intel Corp. -9.7% -5.1% -9.7% 12.1% -21.6%
Ctrip.com International Ltd. ADR -9.2% -1.3% -9.2% 0.2% -22.8%
Wynn Resorts Ltd. /zigman2/quotes/208845907/lastsale WYNN -9.1% -1.4% -9.1% -12.6% -33.8%
NetEase Inc. ADR /zigman2/quotes/201683625/lastsale NTES -9.0% -1.8% -9.0% -17.3% -10.4%
Source: FactSet

Don’t miss: These 15 tech stocks are backed by the quarter’s best sales figures

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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
21,636.78
-915.39 -4.06%
Volume: 591.33M
March 27, 2020 5:12p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,541.47
-88.60 -3.37%
Volume: 3.59B
March 27, 2020 5:12p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,502.38
-295.16 -3.79%
Volume: 3.45M
March 27, 2020 5:16p
loading...
/zigman2/quotes/203649727/lastsale
US : U.S.: Nasdaq
$ 52.37
-3.17 -5.71%
Volume: 31.63M
March 27, 2020 4:00p
P/E Ratio
11.09
Dividend Yield
2.52%
Market Cap
$223.99 billion
Rev. per Employee
$659,665
loading...
/zigman2/quotes/208579720/lastsale
US : U.S.: NYSE
$ 162.00
-18.55 -10.27%
Volume: 47.88M
March 27, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
5.07%
Market Cap
$91.40 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/203434128/lastsale
US : U.S.: NYSE
$ 105.44
-5.06 -4.58%
Volume: 5.75M
March 27, 2020 6:30p
P/E Ratio
9.84
Dividend Yield
3.91%
Market Cap
$58.00 billion
Rev. per Employee
$526,173
loading...
/zigman2/quotes/202934861/lastsale
US : U.S.: Nasdaq
$ 247.74
-10.70 -4.14%
Volume: 51.05M
March 27, 2020 4:00p
P/E Ratio
19.57
Dividend Yield
1.24%
Market Cap
$1083.98 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/205029460/lastsale
US : U.S.: NYSE
$ 133.24
-2.94 -2.16%
Volume: 4.26M
March 27, 2020 6:30p
P/E Ratio
17.06
Dividend Yield
4.41%
Market Cap
$76.69 billion
Rev. per Employee
$350,368
loading...
/zigman2/quotes/203237915/lastsale
US : U.S.: NYSE
$ 97.15
-7.49 -7.16%
Volume: 10.15M
March 27, 2020 6:30p
P/E Ratio
15.16
Dividend Yield
3.03%
Market Cap
$84.15 billion
Rev. per Employee
$277,021
loading...
/zigman2/quotes/203856914/lastsale
US : U.S.: NYSE
$ 108.03
-4.86 -4.31%
Volume: 6.42M
March 27, 2020 6:30p
P/E Ratio
10.23
Dividend Yield
6.00%
Market Cap
$95.97 billion
Rev. per Employee
$208,845
loading...
/zigman2/quotes/203439053/lastsale
US : U.S.: NYSE
$ 83.23
-1.07 -1.27%
Volume: 14.18M
March 27, 2020 6:30p
P/E Ratio
30.82
Dividend Yield
1.18%
Market Cap
$129.62 billion
Rev. per Employee
$529,466
loading...
/zigman2/quotes/209509471/lastsale
US : U.S.: Nasdaq
$ 38.82
-1.76 -4.34%
Volume: 31.28M
March 27, 2020 4:00p
P/E Ratio
15.19
Dividend Yield
3.71%
Market Cap
$164.63 billion
Rev. per Employee
$684,933
loading...
/zigman2/quotes/208081807/lastsale
US : U.S.: NYSE
$ 190.55
-4.66 -2.39%
Volume: 7.12M
March 27, 2020 6:30p
P/E Ratio
18.59
Dividend Yield
3.15%
Market Cap
$207.86 billion
Rev. per Employee
$261,993
loading...
/zigman2/quotes/209237603/lastsale
US : U.S.: NYSE
$ 158.34
-7.45 -4.49%
Volume: 4.19M
March 27, 2020 6:30p
P/E Ratio
7.54
Dividend Yield
3.16%
Market Cap
$54.73 billion
Rev. per Employee
$1.34M
loading...
/zigman2/quotes/205971034/lastsale
US : U.S.: NYSE
$ 91.13
-6.99 -7.12%
Volume: 30.04M
March 27, 2020 6:30p
P/E Ratio
8.50
Dividend Yield
3.95%
Market Cap
$280.13 billion
Rev. per Employee
$497,647
loading...
/zigman2/quotes/207732364/lastsale
US : U.S.: Nasdaq
$ 149.70
-6.41 -4.11%
Volume: 57.04M
March 27, 2020 4:00p
P/E Ratio
26.06
Dividend Yield
1.36%
Market Cap
$1138.63 billion
Rev. per Employee
$902,473
loading...
/zigman2/quotes/209159848/lastsale
US : U.S.: NYSE
$ 42.81
-1.48 -3.34%
Volume: 23.30M
March 27, 2020 6:30p
P/E Ratio
20.70
Dividend Yield
3.83%
Market Cap
$183.80 billion
Rev. per Employee
$506,342
loading...
/zigman2/quotes/209956077/lastsale
US : U.S.: NYSE
$ 71.73
-1.80 -2.45%
Volume: 11.90M
March 27, 2020 6:30p
P/E Ratio
18.83
Dividend Yield
3.40%
Market Cap
$181.93 billion
Rev. per Employee
$615,159
loading...
/zigman2/quotes/207374728/lastsale
US : U.S.: NYSE
$ 109.58
-0.24 -0.22%
Volume: 12.05M
March 27, 2020 6:30p
P/E Ratio
21.12
Dividend Yield
1.97%
Market Cap
$310.36 billion
Rev. per Employee
$223,654
loading...
/zigman2/quotes/203805826/lastsale
US : U.S.: NYSE
$ 88.73
-4.56 -4.89%
Volume: 7.00M
March 27, 2020 6:30p
P/E Ratio
11.11
Dividend Yield
1.94%
Market Cap
$71.50 billion
Rev. per Employee
$733,559
loading...
/zigman2/quotes/201724570/lastsale
US : U.S.: NYSE
$ 123.16
-3.41 -2.69%
Volume: 12.13M
March 27, 2020 6:30p
P/E Ratio
21.87
Dividend Yield
3.09%
Market Cap
$324.69 billion
Rev. per Employee
$603,509
loading...
/zigman2/quotes/203660239/lastsale
US : U.S.: NYSE
$ 161.56
-7.32 -4.33%
Volume: 14.95M
March 27, 2020 6:30p
P/E Ratio
30.28
Dividend Yield
0.74%
Market Cap
$347.08 billion
Rev. per Employee
$1.25M
loading...
/zigman2/quotes/204980236/lastsale
US : U.S.: NYSE
$ 52.77
-0.77 -1.44%
Volume: 25.36M
March 27, 2020 6:30p
P/E Ratio
11.34
Dividend Yield
4.66%
Market Cap
$218.47 billion
Rev. per Employee
$905,626
loading...
/zigman2/quotes/206313935/lastsale
US : U.S.: NYSE
$ 99.95
+1.28 +1.30%
Volume: 3.09M
March 27, 2020 6:30p
P/E Ratio
10.06
Dividend Yield
3.28%
Market Cap
$25.49 billion
Rev. per Employee
$996,151
loading...
/zigman2/quotes/202894679/lastsale
US : U.S.: NYSE
$ 110.17
+2.79 +2.60%
Volume: 16.07M
March 27, 2020 6:30p
P/E Ratio
65.07
Dividend Yield
2.71%
Market Cap
$272.06 billion
Rev. per Employee
$727,304
loading...
/zigman2/quotes/203410933/lastsale
US : U.S.: Nasdaq
$ 44.00
-1.67 -3.66%
Volume: 5.90M
March 27, 2020 4:00p
P/E Ratio
10.83
Dividend Yield
4.16%
Market Cap
$38.98 billion
Rev. per Employee
$380,198
loading...
/zigman2/quotes/204455864/lastsale
US : U.S.: NYSE
$ 36.95
-1.87 -4.82%
Volume: 51.56M
March 27, 2020 6:30p
P/E Ratio
11.01
Dividend Yield
9.42%
Market Cap
$156.38 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/202877789/lastsale
US : U.S.: NYSE
$ 30.90
-0.85 -2.68%
Volume: 36.33M
March 27, 2020 6:30p
P/E Ratio
10.77
Dividend Yield
4.92%
Market Cap
$171.42 billion
Rev. per Employee
$580,595
loading...
/zigman2/quotes/203410047/lastsale
US : U.S.: NYSE
$ 96.40
-8.96 -8.50%
Volume: 30.59M
March 27, 2020 6:30p
P/E Ratio
15.41
Dividend Yield
1.83%
Market Cap
$174.04 billion
Rev. per Employee
$295,532
loading...
/zigman2/quotes/203508018/lastsale
US : U.S.: NYSE
$ 164.01
-3.34 -2.00%
Volume: 6.44M
March 27, 2020 6:30p
P/E Ratio
20.83
Dividend Yield
3.05%
Market Cap
$122.26 billion
Rev. per Employee
$100,120
loading...
/zigman2/quotes/210453738/lastsale
US : U.S.: NYSE
$ 242.45
-12.94 -5.07%
Volume: 4.88M
March 27, 2020 6:30p
P/E Ratio
16.92
Dividend Yield
1.78%
Market Cap
$229.98 billion
Rev. per Employee
$754,157
loading...
/zigman2/quotes/205871374/lastsale
US : U.S.: NYSE
$ 68.78
-7.60 -9.95%
Volume: 20.41M
March 27, 2020 6:30p
P/E Ratio
46.23
Dividend Yield
7.50%
Market Cap
$129.26 billion
Rev. per Employee
$3.27M
loading...
/zigman2/quotes/209413137/lastsale
US : U.S.: Nasdaq
$ 14.88
-0.66 -4.25%
Volume: 6.30M
March 27, 2020 4:00p
P/E Ratio
543.07
Dividend Yield
N/A
Market Cap
$7.68 billion
Rev. per Employee
$326,506
loading...
/zigman2/quotes/209583132/lastsale
US : U.S.: NYSE
$ 56.36
-0.48 -0.84%
Volume: 902,326
March 27, 2020 6:30p
P/E Ratio
136.37
Dividend Yield
2.27%
Market Cap
$2.70 billion
Rev. per Employee
$540,629
loading...
/zigman2/quotes/206118480/lastsale
US : U.S.: Nasdaq
$ 17.96
-1.83 -9.25%
Volume: 2.44M
March 27, 2020 4:00p
P/E Ratio
20.21
Dividend Yield
0.00%
Market Cap
$2.44 billion
Rev. per Employee
$479,798
loading...
/zigman2/quotes/208326291/lastsale
US : U.S.: Nasdaq
$ 68.20
-6.32 -8.48%
Volume: 4.66M
March 27, 2020 4:00p
P/E Ratio
26.95
Dividend Yield
2.15%
Market Cap
$16.34 billion
Rev. per Employee
$352,817
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/zigman2/quotes/209248041/lastsale
US : U.S.: Nasdaq
$ 142.24
-7.52 -5.02%
Volume: 2.24M
March 27, 2020 4:15p
P/E Ratio
19.94
Dividend Yield
2.39%
Market Cap
$22.30 billion
Rev. per Employee
$656,821
loading...
/zigman2/quotes/209634297/lastsale
US : U.S.: NYSE
$ 23.15
+0.01 +0.04%
Volume: 11.43M
March 27, 2020 6:30p
P/E Ratio
5.81
Dividend Yield
10.02%
Market Cap
$15.05 billion
Rev. per Employee
$1.59M
loading...
/zigman2/quotes/203325788/lastsale
US : U.S.: Nasdaq
$ 109.03
-7.95 -6.80%
Volume: 467,011
March 27, 2020 4:00p
P/E Ratio
32.61
Dividend Yield
N/A
Market Cap
$5.79 billion
Rev. per Employee
$234,706
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/zigman2/quotes/204213617/lastsale
US : U.S.: Nasdaq
$ 42.25
-2.04 -4.61%
Volume: 6.54M
March 27, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
4.73%
Market Cap
$12.63 billion
Rev. per Employee
$270,824
loading...
/zigman2/quotes/205710729/lastsale
US : U.S.: Nasdaq
$ 43.48
-1.31 -2.92%
Volume: 39.79M
March 27, 2020 4:00p
P/E Ratio
21.51
Dividend Yield
N/A
Market Cap
$48.30 billion
Rev. per Employee
$832,917
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/zigman2/quotes/205122565/lastsale
US : U.S.: Nasdaq
$ 40.15
-1.86 -4.43%
Volume: 12.30M
March 27, 2020 4:00p
P/E Ratio
33.42
Dividend Yield
N/A
Market Cap
$49.73 billion
Rev. per Employee
$442,391
loading...
/zigman2/quotes/208845907/lastsale
US : U.S.: Nasdaq
$ 63.31
-8.20 -11.47%
Volume: 9.51M
March 27, 2020 4:00p
P/E Ratio
55.25
Dividend Yield
6.32%
Market Cap
$6.81 billion
Rev. per Employee
$258,372
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/zigman2/quotes/201683625/lastsale
US : U.S.: Nasdaq
$ 301.35
-16.59 -5.22%
Volume: 695,265
March 27, 2020 4:00p
P/E Ratio
12.86
Dividend Yield
2.28%
Market Cap
$38.93 billion
Rev. per Employee
$559,825
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Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.

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