Arm, Mosaic, and Synopsys Shares are On Sale
The steep selloff last Friday, not seen since April, sent shares of three firms lower.
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, but they cause margin calls and forced selling if purchased assets fall.
In the fertilizer sector, Mosaic (MOS) closed at $30.35, down by 9.24%. Production and sales volumes in potash did not meet expectations due to shipment timing delays, which 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 and utility interruptions at Bartow last month, which hurt output.
Value investors may add to their position in MOS stock.
Author's summary: Shares of Arm and Mosaic are down.
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