Top Mid Cap Losers From Friday and What to Expect Now

The following is a list of top mid cap losers from Friday:

Company name	Symbol	Quote change (%)
LDK Solar Co., Ltd.	LDK	-8.24%
Ciena Corporation	CIEN	-6.63%
Oasis Petroleum Inc.	OAS	-6.42%
Phillips-Van Heusen Corporation	PVH	-4.56%
Alexander & Baldwin, Inc.	ALEX	-3.9%

Here are some of the specifics about these stocks and what to expect from them going forward:

LDK Solar fell 8.24% on Friday. Although, company recorded good quarterly results investors remain concerned over potential oversupply in the second half of this year. The rapid capacity expansion in wafers and a slowing of demand is likely to cause an oversupply in wafers market in the third quarter. It will negatively impact the margins of LDK’s wafer and polysilicon businesses. The company may continue to underperform going forward.

Ciena fell 6.63% on Friday. The stock is on a downward trajectory after it disappointed investors with its below consensus guidance in early march. The challenging fundamental in optical markets were further confirmed by disappointing guidance by its peer Finisar (FNSR) on March 8th. Weak pricing, a slowdown in China and inventory corrections are likely to weigh on the sector as a whole going forward and the stock is likely to underperform in the near-term.

Oasis Petroleum fell 6.42% on Friday. The company is seeing its business impacted by harsh winter in North Dakota and Montana. This could put some pressure on near term results. Company has also seen insider selling recently which might affect the investor sentiments. However, long term fundamentals of the business remain intact and management continues its impressive execution of the company’s growth plan. A positive trend with respect to Oil prices is also likely to help the company. This one is a good buy on dip stock.

Phillips-Van Heusen Corporation fell 4.5% yesterday. Given the recent commentary by its peers and increases in raw material prices, it is likely that company may face (or is already facing) margin pressures. The company can give below-consensus guidance for '11 when it reports Q4:10 earnings on 3/28. Given its YTD underperformance it appears that investors are already pricing in the risk to some extent. However, margin pressure is likely to continue being an overhang and the stock may underperform going forward (along with its peers Ralph Lauren (RL) and V.F. Corporation (VFC)).

Alexander & Baldwin lost 3.9% on Friday. The company’s shipping unit is getting negatively impacted by rising fuel costs and it expects to record operating losses for that segment during the first quarter. Further, weak spot pricing in the China trade lane is not helping either. The fundamental of the business continues to struggle and the stock may underperform going forward.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.