Boston Beer Company ($SAM) – Everybody loves beer, beer never dies, and despite what you may have been drunkenly screamed at over last summer, seltzers evidently can't replace beer. Boston Beer Company demonstrated this fact last week as the company plummeted 26% on a lousy earnings release detailing the massive drop-off in demand for their seltzer brand, Truly. While the Truly brand isn't the only driver of the 28% EPS shortfall, it is certainly the largest. CEO David Burwick commented that their prior forecasts make them look "not very smart." No kidding Sherlock.
DiDi ($DIDI) – The march to the grave continues for Didi, and we can't just sit around and pretend like it didn't fall another 21% on Friday. You guessed it, the Chinese government is still very displeased by the actions of the firm, and has thrown just about every single justice and investigative agency in China against them. To put this in perspective, imagine if the U.S. were to ban Uber downloads and unleashed the CIA, FBI, and CISA on them. That would not be a great PR look...
Intel Corp. ($INTC) – It's great to be able to excite investors on your earnings call. Unfortunately, Intel did the exact opposite of that on Friday, leading to a drop of 5.3%. The firm projected supply shortages to persist for "several quarters" and "lower [client computing group] revenue". With that fall, Intel has shed nearly a quarter of its value since early April.