Bargain hunters looking for stocks that fell by 10% or more have three stocks to consider on Friday.
Zoetis (ZTS) lost 21.5% to close at $87.31 on Thursday. In the first quarter, non-GAAP EPS was $1.53. Revenue increased by 4.5% Y/Y to $2.3 billion. For the full year of 2026, the firm is forecasting diluted adjusted EPS of $6.85 to $7.00. This is three cents below consensus.
Zoetis has a leadership problem. Its CEO did not deliver on handling the Librela side effects. The drug had adverse effects on a small subset of dogs. Osteoarthritis appeared to progress faster than average.
Tapestry (TPR) broke below its $150 support zone to close at $130.52. The owner of Coach posted revenue of $7.95 billion. CEO Joanne Crevoiserat said that Coach welcomed two million new subscribers to the brand.
In Q3, Tapestry is expecting strong full-year results. Its revenue is up to $7.95 billion. Despite the strong outlook, shares slumped. Markets expected more.
Chip designer Arm Holdings (ARM) pulled back sharply from its $239.50 high. In Q4, non-GAAP EPS was $0.60. Revenue grew by 20.2% Y/Y to $1.49 billion. Compare that small revenue relative to its market capitalization of $226.54 billion. At a price/sales ratio of 48.5 times, ARM stock is over-extended. Any panic selling in the AI chip sector would send ARM stock to as low as the $160 support zone.
