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We recently compiled a list of the 10 Firms Fall Amid Disappointing Earnings Performance. In this article, we are going to take a look at where KKR & Co. Inc. (NYSE:KKR) stands against the other stocks.
Wall Street’s main indices all finished in the green territory on Tuesday, buoyed by news that the US is set to temporarily delay taxes levied on select goods from Canada and Mexico to make way for a potential negotiation.
The Dow Jones inched up by 0.30 percent, while the S&P 500 and Nasdaq both jumped 0.72 percent and 1.35 percent, respectively.
Meanwhile, 10 companies bucked an overall positive market sentiment, leading declines mostly due to disappointing earnings performance in the past quarter. This article details the reasons behind their poor performance.
To come up with Tuesday’s biggest losers, we only considered the companies with $2 billion in market capitalization and $5 million in daily trading volume.
A modern looking financial adviser sitting in front of a trading monitor, gesturing to a group of investors.
KKR & Co. Inc. (NYSE:KKR)
Investment firm KKR & Co. Inc. (NYSE:KKR)’s share prices tumbled by 8.53 percent on Tuesday to end at $149.30 apiece after fourth-quarter assets under management fell short of expectations, dampening sentiment over its capital markets business.
According to a report, KKR’s assets under management (AUM) jumped 15 percent to $638 billion, but missed analysts’ projections of $643.4 billion.
The results underscored the challenges of navigating higher growth expectations even with the anticipated business-friendly regulatory environment under the Trump administration improving the outlook for deals and exits.
According to an analyst, KKR & Co. may see a pullback given that it has been the best performer among its peers over the past year.
Overall KKR ranks 5th on our list of Tuesday's biggest losers. While we acknowledge the potential of KKR 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 KKR but that 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.