Momentum Stocks Showing Weakness

Shares of most momentum stocks are underperforming the broader market in Monday’s session, as it seems traders may be taking profits and rotating capital into blue chip stocks.

The weakness in these names may also be attributed to the upcoming Alibaba IPO on Friday, as investors may be exiting positions to free up capital. 

S&P 500 -0.07% DJIA +0.26% Nasdaq -1.07%

Technology:
Digital Ally Inc. (NASDAQ: DGLY) -15.2%
Tesla Motors inc. (NASDAQ: TSLA) -9.0%
GoPro Inc (NASDAQ: GPRO) -2.8%

Social Media:
LinkedIn Corp (NYSE: LNKD) -7.6%
Twitter Inc (NYSE: TWTR) -5.2%
Facebook Inc (NASDAQ: FB) -3.7%
Renren Inc (NYSE: RENN) -3.9%

Internet Stocks:
Weibo Corp (ADR)(NASDAQ: WB) -11.5%
Sohu.com Inc(NASDAQ: SOHU) -5.6%
SINA Corp (NASDAQ: SINA) -4.9%
TripAdvisor Inc (NASDAQ: TRIP) -4.1%
Baidu Inc (ADR) (NASDAQ: BIDU) -3.3%
Netflix Inc. (NASDAQ: NFLX) -3.9%
Qihoo 360 Technology Co Ltd (NYSE: QIHU) -2.3%
Amazon.com Inc. (NASDAQ: AMZN) -2.2
Groupon Inc (NASDAQ: GRPN) -2.8%
Zynga Inc (NASDAQ: ZNGA) -0.6%
Priceline Group Inc (NASDAQ: PCLN) -0.8%
Youku Tudou Inc (ADR) (NYSE: YOKU) -3.9%

Pharmaceuticals:
Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) - 9.2%
NewLink Genetics Corp (NASDAQ: NLNK) -6.2%
Tekmira Pharmaceuticals Corporation (NASDAQ: TKMR) - 4.8%
BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) -3.8%

Retail:
Lululemon Athletica Inc (NASDAQ: LULU) -2.1%

Restaurant:
El Pollo LoCo Holdings Inc (NASDAQ: LOCO) -4.8%
Chipotle Mexican Grill Inc (NYSE: CMG) -1.3%