Arm, Mosaic, and Synopsys Shares are On Sale
The steep selloff last Friday, not seen since April, sent shares of three firms lower.
Technology Sector
In the technology sector, Arm Holdings (ARM) dropped by 9.3% on Oct. Reports that SoftBank (SFTBY) would borrow $5 billion, securing the loan with its ARM stock holding, are disconcerting.
Leveraged investing is rewarding when investments rise. They cause margin calls and forced selling if purchased assets fall.
Fertilizer Sector
In the fertilizer sector, Mosaic (MOS) closed at $30.35, down by 9.24%. Production and sales volumes in potash did not meet expectations.
- Shipment timing delays led to hurt potash and phosphate sales volumes.
- Management said that maintenance activities helped lift output, but the firm experienced mechanical issues in its Riverview sulfuric acid plant.
- Utility interruptions at Bartow last month hurt output.
Value investors may add to their position in MOS stock.
Author's summary: Shares drop due to various issues.
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