Investing

10 Well-Known Large Stocks That Do Not Know It's a Raging Bull Market

Newell Brands

Newell Brands Inc. (NYSE: NWL) hit yet another 52-week low earlier this week, and the few analysts who try to defend it from time to time keep getting reminded that they should be avoiding falling daggers. Monday to set a new 52-week low of $20.15, and now the 52-week range is even lower at $20.14 to $43.99. Newell’s patched-together structure is one that has started to feel like the Sunbeam strategy that imploded two decades ago.

NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) continues to disappoint, and semiconductor investors no longer care that it was being valued at far higher prices when it was a buyout target. Despite a drop of 1.4% to $85.30 late on Wednesday, the stock now has a 52-week low of $84.36. That’s down almost one-third from its 52-week high of $125.93, and the investing community doesn’t trust that the $109.06 consensus price target from Thomson Reuters will not be coming further down, like the rest of the chip stocks. NXP now has a mere $26 billion market cap.

Owens Corning

Owens Corning (NYSE: OC) was supposed to be a storm-chasing winner from the hurricane, but that hasn’t worked out well for the building products company. It currently has a market cap of just $6 billion, but that’s because its $55.35 share price late on Wednesday is down from the 52-week high of $96.52. Owens Corning has a mere 1.4% dividend yield as well.

Rite Aid

Rite Aid Corp. (NYSE: RAD) probably wishes it could go back in time and convince regulators and everyone else that it had to merger so it would not implode. Rite Aid has a mere $1.3 billion market cap, which greatly understates its nearly 2,500 stores and its old $21 billion in revenues figure.

Rite Aid’s stock price was up 4% after an article talked up its importance on Wednesday, but the reality is that it may never be able to get back up to where it was. Even with a 4% gain to $1.27 late on Wednesday, Rite Aid’s 52-week range of $1.23 to $2.55 compares to an $8.00 and higher share price at the end of 2016.

Snap

Snap Inc. (NYSE: SNAP) is making its investors think the name changed to Snapped. Despite the founders of Instagram leaving Facebook, investors still have a management team that is less than five-star, and they are inside a company in which they literally have no vote whatsoever. No matter what management does, they cannot be booted out unless they leave voluntarily or change their bylaws.

Snap shares were down 0.4% at $9.01 on Wednesday right before the closing bell, in a 52-week range of $8.67 to $21.22. It’s hard to imagine that this ad-supported model still has an $11.5 billion market cap.

Whirlpool

Whirlpool Corp. (NYSE: WHR) must make its executives feel like they are being forced to endure the dreaded swirlies each day they show up to work. After hitting a 52-week low of $119.82 on Wednesday, the stock was down 1% and just barely above the $120 mark in Wednesday’s final minutes of trading.

Whirlpool has a $7.75 billion market cap, now that its shares are down 37% from the 52-week high of $190.73. Does its 3.7% dividend yield help matters? Apparently not.