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5 Top Stock Decliners for Thursday: IBM, PayPal, Krispy Kreme

IBM, PayPal, Krispy Kreme, Nucor and T-Mobile are five stocks that fell on Thursday.

U.S. stocks traded mixed Thursday as investors paused from an earnings-driven rally.

Here are some of the laggards in the stock market on Thursday.

1. IBM IBM | Down 9.6%

International Business Machines  (IBM) - Get International Business Machines (IBM) Report stock tumbled Thursday after another earnings report was marred by softer-than-expected revenue ahead of the planned separation of its legacy infrastructure business.

Quarterly revenue was weighed down by its cloud business and some clients’ pause in spending.

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2. PayPal PYPL | Down 5.9%

Shares of PayPal  (PYPL) - Get PayPal Holdings Inc Report extended their decline on Thursday a day after the payments giant was reportedly said to be in talks to buy social-media platform Pinterest  (PINS) - Get Pinterest, Inc. Class A Report in a deal that could be valued at $70 a share, or $39 billion.

3. T-Mobile TMUS | Down 4.2%

Shares of T-Mobile  (TMUS) - Get T-Mobile US, Inc. Report retreated Thursday after rival AT&T  (T) - Get AT&T Inc. Report posted stronger-than-expected second-quarter earnings, thanks in part to impressive subscriber gains for its HBO streaming service.

4. Krispy Kreme DNUT | Down 5.7%

Shares of Krispy Kreme  (DNUT) - Get Krispy Kreme Report fell after HSBC downgraded the doughnut chain to hold from buy. The investment firm said in a note that inflation and an expiring stock lockup could keep the shares from rebounding back toward its IPO price from July.

5. Nucor NUE | Down 2.9%

Shares of Nucor  (NUE) - Get Nucor Corporation Report dropped Thursday even after the producer of steel and related products reported a rise in third quarter profit. 

Nucor also said that it expected strong demand to continue into 2022.