Should You Avoid These Stocks? Office Depot Inc(NYSE:ODP), Merrimack Pharmaceuticals Inc(NASDAQ:MACK), and IAMGOLD Corp (USA)(NYSE:IAG)
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Office Depot Inc(NYSE:ODP) lost twenty-three cents to finish the day at a closing price of $4.95. The 4.44% loss in value came in response to the news that Staples, a company Office Depot Inc(NYSE:ODP) once attempted to merge with in 1996, had forecasted decrease sales expectations for the third quarter. Naturally, if Staples were to see its sales drop, a root cause could be decreased interest in the marketplace as a whole. If that were to be the case, Office Depot would surely see its sales figures fall as well.
Merrimack Pharmaceuticals Inc(NASDAQ:MACK) saw its value decline by 4.5% during yesterday’s trading as the stock fell thirty cents to move to a new closing price of $6.37. Despite the decrease in value, the stock remains just $1.88 below its 52 week high of $8.25. To contrast, Merrimack Pharmaceuticals Inc(NASDAQ:MACK) is currently situated $4.32 above its 52 week low of $2.05. The Massachussetts-based company has not published a press release since announcing its second quarter financial results on Aug. 11th, which included a net loss of $18.3 million.
IAMGOLD Corp (USA)(NYSE:IAG) fell thirteen cents to close at $3.90. The stock has closed within a range of $3.03 to $4.19 over the past three months. On Aug. 20th, the Toronto-based company announced plans to begin a 5,000 meter second phase of diamond drilling at its Monster Lake project. In the first stage of the project, IAMGOLD Corp (USA)(NYSE:IAG) drilled a total of 4,528 meters, targeting the direct down-dip and lateral extensions of a mineralized zone that had been drill by TomaGold.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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