There are bull markets, and then there are big raging bull markets. After more than a nine-year-run from the V-bottom during March of 2009, it’s pretty evident what this stage of the bull market is. Hint: the S&P 500 is up 335% from that V-bottom low.
One analogy that investors need to consider is that the stock market is really a market of stocks. Many of those stocks go on sale due to price drops, but some stock prices keep seeing the price of their shares drop. And some of the price drops begin to feel like a roller-coaster ride that has jumped off the tracks.
24/7 Wall St. routinely tracks the companies that are either hitting 52-week lows or are rather close. It turns out that some companies have seen their stock price drop so much that there is no way that their high-paid corporate executives could even know they were in the midst of the greatest bull market of our lifetime.
We have reviewed here 10 companies that simply have no idea that this is a bull market. Some of the reviews may seem tongue-in-cheek or insulting, but sometimes that is all a company deserves. Who knows, maybe their executives are looking at their stock charts upside down and think things are just fine. They are not.
Some of the companies here might even want an apology, but they shouldn’t hold their breath waiting for one. Here are 10 companies that are preventing their investors from knowing that this is the most raging bull market any modern-day investor has ever seen.
AutoNation Inc. (NYSE: AN) is feeling the lack of love in a peak-auto theme, and losing CEO Mike Jackson in his planned retirement may not help matters. What is odd here is that AutoNation shares hit a 52-week low of $42.20 on Wednesday, and the stock was actually up almost 1% at $42.90 shortly ahead of Wednesday’s close.
AutoNation is down roughly one-third from its 52-week high of $62.02. Its sales have leveled off in the past two years, and that sales growth is expected to average about 1% this year and next. Maybe its new CEO should consider paying a dividend after all.
Ford Motor Co. (NYSE: F) just cannot find any love, even with a dividend yield north of 6% due to its cratering share price. The stock seems to drift lower and lower by the week. Ford was maintained as Equal Weight at Barclays on Wednesday, but the firm lowered its target price to $11 from $12 in the call.
Ford stock was down 2.1% at $9.39 on Tuesday, and it was down almost 1% more at $9.31 late on Wednesday. This is versus a 52-week range of $9.22 to $13.48 and with a prior consensus analyst target price of $10.84. Wasn’t Ford moving to almost all trucks and SUVs supposed to be a good thing for its profitability metrics?
General Electric Co. (NYSE: GE) has been sliding ever lower, with analyst concerns over its turbine sales just the latest fiasco here. CEO John Flannery probably wishes he never took on this impossible job at this point, and nothing he or the company is doing seems to help. GE shares were actually up 1.3% at $11.40 late on Wednesday, but it had earlier hit a multiyear low of $11.22.
GE shares are now down over 50% from the 52-week high of $25.05, but imagine how bad it has been for those who owned it north of $30 in recent years under the Jeff Immelt regime. GE is still under the $100 billion market cap level.
Lam Research Corp. (NASDAQ: LRCX) hit a 52-week low of $147.82 on Wednesday after UBS downgraded its rating to Neutral from Buy. The firm also slashed its target price to $170 from $220. Lam Research shares were last seen right at $150, down over 36% from its all-time high of $234.88.