By Roger Nachman
Usually on a strong day like today, the majority of stocks are gaining around 1% or higher, and anything weaker than that should be looked at, as perhaps a cast off in your portfolio, or even shorted.
Here are a few stocks that are really taking a beating today, and could be some short ideas for traders.
Shares of Dolan Company (NYSE:DM) are down 15.4% on no news that I can see out there. Shares started moving down around 12 p.m., so it's not like it's been weak all day. This is definitely something to keep any eye on, as the stock has traded more three times its daily volume already, around 500,000 shares.
The Dolan Company provides professional services and business information services to legal, financial, and real estate sectors.
Shares of Talbots, Inc. (NYSE:TLB) have been weak all day, losing more than 13% to trade at $10.85. The women's clothing retailer cut its fiscal third-quarter revenue forecast due to a decline in customer traffic.
It also announced it would close up to 18% of the stores it currently operates.
Shares of Iron Mountain Incorporated (NYSE:IRM) are down 7.3% to $20.73, a loss of $1.65 on five times its daily volume.
The company said it sees a weak 2011, and rest of 2010, sending down shares. Iron Mountain expects earnings of $1.17-$1.26 per share, on revenue of $3.20-$3.27 billion.
Analysts expected earnings of $1.32 on revenues of $3.33 billion.
Disclosure: No position