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We recently compiled a list of the 10 Stocks Mirror Wall Street Downturn. In this article, we are going to take a look at where Aegon Ltd. (NYSE:AEG) stands against the other stocks.
Shares on Wall Street traded lower on Thursday, as investors moved to unload positions to mitigate risks from uncertainties brought about by key economic factors such as President Donald Trump’s continued tariff threats and policy shifts.
The Dow Jones dived by 1.01 percent, the S&P 500 declined 0.43 percent, while the tech-heavy Nasdaq lost 0.47 percent.
Ten companies also mirrored a broader market downturn, finishing the trading session in the red territory amid a flurry of catalysts dampening investor sentiment.
To come up with Thursday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
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Aegon Ltd. (NYSE:AEG)
Shares of Aegon Ltd. (NYSE:AEG) declined by 10.07 percent on Thursday to finish at $6.07 apiece as investors sold off positions, following the lack of clear outlook guidance for the year, shunning news of strong earnings performance in the second half of 2024.
In a statement, Aegon Ltd. (NYSE:AEG) said it booked a net profit of €741 million during the period, after zero profits in the same period in 2023. Meanwhile, operating profit rose 13.9 percent to €776 million from €681 million year-on-year.
“In 2024, we continued to make good progress without transformation and are on track to meet the 2025 targets we laid out at our 2023 Capital Markets Day (CMD). We will provide an update on our strategy and new group targets at our next CMD on December 10, 2025, in London,” said AEG CEO Lard Friese.
Overall AEG ranks 5th on our list of Thursday's top losers. While we acknowledge the potential of AEG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AEG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.