16.05.2019 22:37:21

Why Embraer, Dillard's, and Farfetch Slumped Today

Wall Street was in a good mood on Thursday, as major indexes generally finished up as much as 1%. After more than a week of anxiety, investors appear to be coming to grips with the new state of affairs on the trade front between the U.S. and China, and the market seems to be giving the Trump administration more latitude to take aggressive action in efforts to negotiate favorable deals. Yet not all stocks moved higher; some companies had to deal with challenges that sent their share prices lower. Embraer (NYSE: ERJ), Dillard's (NYSE: DDS), and Farfetch (NYSE: FTCH) were among the worst performers. Here's why they did so poorly.Shares of Embraer fell 5%, adding to losses on Wednesday as investors continued to digest the aircraft manufacturer's latest quarterly report. On the day of the release, Embraer stock lost between 5% and 6%, thanks to results that included weak deliveries of just 11 commercial jets and 11 executive aircraft. The plane maker also lost money again, and despite a backlog of about $16 billion, shareholders seem worried about its future prospects. Embraer expects to move forward with its partnership with Boeing and affirmed its prior full-year projections, but investors are nervous about the uncertain environment in aerospace given Boeing's woes elsewhere.Image source: Getty Images.Continue reading
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