Momo Stocks Bloodied (DDD) (NFLX) (TSLA)
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High-multiple momentum stocks continue to be under pressure Wednesday as investors take profits and trim exposure on this multiple-day trend.
It is unclear if the reaction is based on worries about an economic slowdown given the shutdown and debt ceiling fight, if it is a 'sell the news' reaction to Yellen's expected nomination as Fed Chairman, or something more sinister is at hand.
Some of today's carnage in momo land:
3D Systems Corp. (NYSE: DDD) down 7.8%
Green Mountain (NASDAQ: GMCR) down 7.2%
Nu Skin Enterprises (NYSE: NUS) down 6.4%
Netflix (NASDAQ: NFLX) down 5.7% today
Tesla Motors, Inc. (NASDAQ: TSLA) down 5% today
Micron (NYSE: MU) down 3.5%
Cree, Inc. (NASDAQ: CREE) down 3.5%
Stratasys Ltd. (NASDAQ: SSYS) down 3.5%
Yelp, Inc. (NASDAQ: YELP) down 3%
Marketo, Inc. (NASDAQ: MKTO) down 2.8%
Splunk, Inc. (NASDAQ: SPLK) -2.8%
Yahoo! Inc. (NASDAQ: YHOO) down 2.6%
Facebook, Inc. (NASDAQ: FB) down 2.4%
priceline.com (NASDAQ: PCLN) down 2%
LinkedIn Corporation (NASDAQ: LNKD) down 2%
Amazon.com Inc. (NASDAQ: AMZN) down 2%
It is unclear if the reaction is based on worries about an economic slowdown given the shutdown and debt ceiling fight, if it is a 'sell the news' reaction to Yellen's expected nomination as Fed Chairman, or something more sinister is at hand.
Some of today's carnage in momo land:
3D Systems Corp. (NYSE: DDD) down 7.8%
Green Mountain (NASDAQ: GMCR) down 7.2%
Nu Skin Enterprises (NYSE: NUS) down 6.4%
Netflix (NASDAQ: NFLX) down 5.7% today
Tesla Motors, Inc. (NASDAQ: TSLA) down 5% today
Micron (NYSE: MU) down 3.5%
Cree, Inc. (NASDAQ: CREE) down 3.5%
Stratasys Ltd. (NASDAQ: SSYS) down 3.5%
Yelp, Inc. (NASDAQ: YELP) down 3%
Marketo, Inc. (NASDAQ: MKTO) down 2.8%
Splunk, Inc. (NASDAQ: SPLK) -2.8%
Yahoo! Inc. (NASDAQ: YHOO) down 2.6%
Facebook, Inc. (NASDAQ: FB) down 2.4%
priceline.com (NASDAQ: PCLN) down 2%
LinkedIn Corporation (NASDAQ: LNKD) down 2%
Amazon.com Inc. (NASDAQ: AMZN) down 2%
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