Why V.F. Corporation (VFC) Went Down on Friday

Insider Monkey
Yesterday

We recently compiled a list of the 10 Stocks Trade Weaker on Disappointing News. In this article, we are going to take a look at where V.F. Corporation (NYSE:VFC) stands against the other stocks.

Wall Street finished the trading week on a strong note, with all major indices recording gains as investors digested the latest US jobs data, which fell short of expectations.

The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.

Ten companies across mixed sectors bucked a wider market optimism, ending Friday in the red territory. In this article, we have listed the 10 worst-performing names and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A model walking down the runway wearing a fashionable and performance-based apparel designed by the company.

V.F. Corporation (NYSE:VFC)

V.F. Corporation (NYSE:VFC) declined by 6.96 percent to finish at $19.13 apiece as investors soured on the lack of clear guidance on its sales outlook during its recently concluded investor day.

Instead, investors focused on the potential risks that it could face from the ongoing trade war among the US, Canada, China, and Mexico, where it houses various facilities.

During the investor day, V.F. Corporation (NYSE:VFC) noted key achievements over the past 18 months, including cost reduction, lower net debt, improved business performance in the Americas, and an advanced Vans brand turnaround.

“As part of our completely reset leadership team, our new brand presidents are perfectly placed to leverage their rich experience in the areas of product and marketing to grow our brands,” said V.F. Corporation (NYSE:VFC) President and CEO Bracken Darrell.

Darrell said V.F. Corporation (NYSE:VFC) would adopt ‘The VF Way’ in the firm’s next transformation plan, which aims to empower brands by enhancing creativity and building functional excellence to fuel long-term growth.

Overall VFC ranks 6th on our list of Friday's worst performers. While we acknowledge the potential of VFC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VFC but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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