Investing

The 9 Worst Performing Dow Stocks So Far in 2016

The first four days of 2016 brought on the worst drop for investors seen in any of our lifetimes. The Dow Jones Industrial Average (DJIA) closed out 2015 at 17,425.03, and the index’s closing value of 16,514.10 on Thursday, January 7, 2016, made for a loss of over 5.2%. What really stood out here was that the carnage was almost unilateral as only one Dow stock was up so far this year.

24/7 Wall St. has put together a list of the nine worst Dow stocks in the first four trading days of 2016. The nine were all down by 7% or more, according to a FINVIZ screen. We have included color on each component, and used Yahoo! Finance data for consensus analyst price targets, 52-week ranges and other data. These are listed in order of negative performance. Also included for each is a link to the 24/7 Wall St. bullish and bearish outlook for each stock.

Goldman Sachs Group Inc. (NYSE: GS) had the dubious honor of being number one on the list of worst performing Dow stocks in 2016, with a loss through Thursday’s close of about 8.7%. Goldman Sachs recently has had issues trading the market and that could very well be why the stock is leading the DJIA down. In this first week, broad markets across the world tanked, and Goldman Sachs holdings went down with them. Shares of Goldman Sachs closed Thursday at $164.62, with a consensus analyst price target of $209.17 and a 52-week trading range of $163.60 to $218.77. Goldman Sachs’ Bull/Bear Case for 2016!

Apple Inc. (NASDAQ: AAPL) lost roughly $50 billion out of its market cap in just this first week alone, down over 8%. Slumping iPhone sales and decreased production might have investors worried about this tech behemoth. Uncertainty is driving this stock down, and calling a bottom for Apple with markets trading the way they are right now is a risky business. Apple shares closed Thursday at $96.45, with a consensus price target of $146.83 and a 52-week range of $92.00 to $134.54. Apple’s Bull/Bear Case for 2016!


JPMorgan Chase & Co.

(NYSE: JPM) is somewhat of a quandary, with shares down about 8% in 2016. One would think that the Federal Reserve hiking interest rates would benefit the major banks and bump up their loan revenues, but this might not be the case for JPMorgan. Similar to Goldman Sachs, trading revenues over the course of this week have fallen off the table, and a rising tide might be the best bet for a turnaround. Shares of JPMorgan closed Thursday at $60.27, with a consensus price target of $73.07 and a 52-week range of $50.07 to $70.61. JPMorgan’s Bull/Bear Case for 2016!

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