Large-Cap Left Behinds
While major US stock market indices are back to new highs and the bull market continues on, there are some well-known large-cap stocks that have been just plain bad recently. We screened the large-cap S&P 500 for stocks that have market caps greater than $20 billion that are more than 20% below their 52-week highs as well as down 20%+ over the last year. Within the S&P, there are 31 stocks that fit this criteria, which we've called the large-cap "left behinds" in the table below.
You can probably think of a few of these recent "dogs" off the top of your head. Some of the once-popular stocks that have been left behind include Trade Desk (TTD), Chipotle (CMG), Target (TGT), Schlumberger (SLB), UnitedHealth (UNH), Lockheed Martin (LMT), UPS, and Adobe (ADBE). This is a pretty diversified group of large-cap stocks covering communication services (TTD), the consumer (CMG, TGT), energy (SLB), health care (UNH), defense (LMT), transports (UPS), and tech (ADBE), but had you built an equally-weighted basket of these names starting a year ago, you'd be down 32%!
If you're a chart-watcher and want to hold down your lunch, don't look at the snapshot below which is another sampling of key names in the "Left Behind" table above. These down-on-your-luck stocks have been torched recently and most look like they'll never find a bottom.
Of course, the name of the game is to buy low and sell high, right? We aren't sure which ones will make comebacks, but there will likely be a few that you wished you'd bought when revisiting this list of left-behinds a year from now.
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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...
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