The Top 10 S&P 500 Stocks Holding Back the Index
While the broad markets are just barely positive for the year after a devastating October, here are the worst 10 stocks in the S&P 500 that have held the index back.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Election Day is here, and the markets seem to be back on track after a devastating October. The Dow Jones industrial average and the S&P 500 were crushed last month, and the uncertainty from October still has some of the largest bulls on Wall Street rattled.
A Finviz review on Tuesday revealed that 243 members of the S&P 500 are still positive in 2018. This number shrinks when we look at the past 30 days, in which only 140 members of the S&P 500 are positive.
It’s worth pointing out that the S&P 500 and Dow industrials are down 6.5% and 5.1% from their respective 52-week and all-time highs. On a year-to-date basis, the S&P 500 and Dow are positive 2.5% and 2.9%, respectively.
While the broad markets are just barely positive for the year after a devastating October, here 24/7 Wall St. has included the worst 10 stocks in the S&P 500 that have held the index back. Although some of these stocks have recovered recently, they are still largely down year to date.
[nativounit]
Delphi Technologies PLC (NYSE: DLPH) shares were last seen trading at $21.98, in a 52-week range of $20.24 to $102.99. The stock has a consensus analyst price target of $32.00. So far in 2018, Delphi shares are down about 58%. The market cap is $2 billion.
Mohawk Industries Inc. (NYSE: MHK) shares traded at $128.43, in a 52-week range of $113.45 to $286.85. The consensus price target is $146.94. Mohawk’s shares are down about 54% year to date. Its market cap is $10 billion.
Dentsply Sirona Inc. (NASDAQ: XRAY) traded at $35.30 a share. The 52-week range is $33.93 to $68.98, and the consensus price target is $47.60. So far in 2018, the shares are down about 47%. The market cap is $8 billion.
General Electric Co. (NYSE: GE) shares traded at $9.53, in a 52-week range of $9.07 to $20.75. The consensus analyst target is $14.34. GE shares are down about 47% year to date, and the market cap is $83 billion.
Affiliated Managers Group Inc. (NYSE: AMG) traded at $115.92 a share, in a 52-week range of $110.27 to $217.00. The consensus price target is $150.25. Shares are down about 44% year to date. The market cap is $6 billion.
L Brands Inc. (NYSE: LB) shares traded at $34.21. The 52-week range is $25.89 to $63.10, and the consensus price target is $32.48. So far in 2018, the shares are down about 43%. The market cap is $9 billion.
Invesco Ltd. (NYSE: IVZ) shares were trading at $21.63, in a 52-week range of $19.66 to $38.43. The consensus price target is $26.25. So far in 2018, the shares are down about 41%. The market cap is $9 billion.
Western Digital Corp. (NASDAQ: WDC) shares traded at $48.56, in a 52-week range of $47.87 to $106.96. The consensus analyst target is $72.20. WDC shares are down about 39% year to date, and the market cap is $14 billion.
EQT Corp. (NYSE: EQT) traded at $35.12 a share, in a 52-week range of $30.53 to $66.03. The consensus price target is $56.44. So far in 2018, the shares are down about 38%. The market cap is $9 billion.
Freeport-McMoRan Inc. (NYSE: FCX) shares were last seen at $12.22. The 52-week range is $10.59 to $20.25, and the consensus price target is $16.51. Shares are down about 36% so far in 2018. The market cap is $18 billion.
[recirclink id=503183]
[wallst_email_signup]
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
