On Monday, investors saw early retail reports on how the start of the holiday shopping season went on Thanksgiving and Black Friday, as well as very preliminary reports about Cyber Monday.
Although these reports caused some stocks to decline during the first trading session of the week, President-elect Donald Trump once again was a reason that one stock fell.
Let's look at why a few stocks fell on Monday and whether investors should own them or look elsewhere.
Monday's drop was mainly due to a poor analyst report from BTIG.
The firm cut its rating to sell from neutral and highlighted the negative sentiment building around the stock due to Trump's election victory. During the presidential campaign, he promised to cut taxes and make the tax code easier to understand through massive reform.
Although other politicians have promised these types of changes in the past and they have yet to happen, the belief that Trump might actually push them through took its toll on the stock. Regardless of whether tax reform occurs in the short term, nearly everyone agrees that something needs to be done, and in time, something likely will happen on this front.
H&R Block has some big issues to confront if and when reform occurs, depending on how sweeping the changes are and whether the company can diversify its business before then.