Investing

S&P 500 All-Time Highs but 40 Value Stocks Still Down Over 30% YTD

7. Comerica Inc. (NYSE: CMA) is down about 46% YTD, and that is after its shares are still up 17% in the past 90 days. With its headquarters in Texas and with a wide exposure to corporate loans, Comerica continually comes up in screens about banks with high direct and indirect exposure to the energy sector. Comerica recently closed at $38.37, with a 52-week range of $24.28 to $73.43. It has a market cap of $5.3 billion and a dividend yield of 7.1%. Analysts have a consensus price target of $40.40.

8. Tapestry Inc. (NYSE: TPR) is down 46% YTD and up only 4% in the past 90 days. This may be a great company, but it is a hard sell to consider that the products under its Coach, Kate Spade and Stuart Weitzman labels will sell like hot-cakes if all the buyers are unable to go to work, have luxury travel and have limited options for “going out on the town.” Tapestry last closed at $14.54, in a 52-week range of $10.18 to $30.40 and with a consensus price target of $19.78. The market cap is $4 billion.

9. American International Group Inc. (NYSE: AIG) was last seen down 45% YTD, and it is down 2% in the past 90 days. The insurance giant has seen weakness in life/health-related insurance with higher leverage and lower interest rate coverage. AIG was severely punished during the February through March panic selling, as it lost more than two-thirds of its value in less than six weeks. AIG recently closed at $28.27, in a 52-week range of $16.07 to $58.66. It has a market cap of $24 billion and dividend yield of 4.4%.

10. Invesco Ltd. (NYSE: IVZ) was brutally punished in the March panic selling, but unlike many others, this asset manager’s stock price ended up even lower than the March lows in mid-May. Invesco shares are down over 43% YTD, even after a 39% gain in the past 90 days. Invesco last closed at $10.14, in a 52-week range of $6.38 to $19.01. It has a market cap of $4.7 billion and a dividend yield of 6.1%. Analysts have a consensus price target of $10.07.

11. General Electric Co. (NYSE: GE) has problems that are widely known, and it was only included on this list for the “deep value” buyers who think share prices rather than multiples against forward earnings, free cash flow and EBITDA are good criteria of “value.” GE is down 43% YTD and down about 1.5% in the past 90 days. Shares recently closed at $6.31, in a 52-week range of $5.48 to $13.26 and with a consensus price target of $7.75. The market cap is $55 billion, and the dividend yield is 0.6%.

12. Ralph Lauren Corp. (NYSE: RL) seems obvious in the higher end apparel category. Fewer places to go for entertainment and fewer office trips means less need for higher fashion. The Polo brand owner is down over 42% YTD and down roughly 8% in the past 90 days. Ralph Lauren last closed at $67.05, in a 52-week range of $59.82 to $128.29. It has a market cap of $4.9 billion. The consensus price target is $85.08.

13. FirstEnergy Corp. (NYSE: FE) has been the worst-performing of the more diversified utilities companies due to a recent tie to an Ohio racketeering scandal casting a wide cloud over its future. Still, the outcome here is far from known, and the company’s other assets are believed to hold great value. We have even wondered if Buffett would dare come in as a white knight to clean up the company (and make a pretty penny on the cheap). FirstEnergy shares were last seen down 42% YTD. FirstEnergy recently closed at $28.11, in a 52-week range of $22.85 to $52.52 and with a consensus analyst target of $39.18. It has a market cap of $15 billion and a dividend yield of 5.6%.

14. Discover Financial Services (NYSE: DFS) is effectively a pure-play on credit cards, and its audience historically has not been at the highest end of the credit score and income curve. With rising delinquencies and charge-offs widely reported by credit card companies and banks, the stock is down about 41.5% YTD, even after its shares rose 22.5% over the past 90 days. Discover Financial Services stock last closed at $49.57, in a 52-week range of $23.25 to $87.43. It has a market cap of $15 billion and a dividend yield of 3.6%. Analysts have a consensus price target of $61.25.

15. Hewlett Packard Enterprise Co. (NYSE: HPE) is down 41% YTD, and its shares are up 1.7% in the past 90 days. It is due to report earnings in the last week of August, and its earnings reports have faced trouble under the COVID-19 impact on overall business conditions. Shares recently closed at $9.33, in a 52-week range of $7.43 to $17.59. The market cap is $12 billion, and the dividend yield is 5.2%. The consensus price target is $10.97.


16. KeyCorp (NYSE: KEY) is down 41% YTD, even though its shares up over 11% in the past 90 days. KeyCorp still screens with a dividend yield above 6%, due to a sharp sell-off earlier this year rather than to great general industry earnings during this recession. KeyCorp last closed at $11.95 a share, in a 52-week range of $7.45 to $20.53 and with a consensus price target of $13.91. It has a market cap of $11.7 billion and a dividend yield of 6.2%.

17. Lincoln National Corp. (NYSE: LNC) is among other insurers with serious negative performance. The stock is down almost 41% YTD and down less than 1% in the past 90 days. It lost nearly 70% of its value during the February and March panic selling. Its dividend yield of almost 4.5% was confirmed with no dividend-cut announced, and its dividend coverage looks more than ample (and then some). Lincoln National stock recently closed at $34.92, in a 52-week range of $16.11 to $62.95. It has a market cap of $6.7 billion and a dividend yield of 4.6%. Analysts have a consensus price target of $44.64.

18. U.S. Bancorp (NYSE: USB) is still down about 40.5% YTDm despite being up about 7% in the past 90 days, even after a sell-off since the first week of August. U.S. Bancorp still has a market cap above $50 billion, and its premium to book value has remained much closer to 1.0 (at 1.16 on last look) with better than a 4.7% dividend yield. U.S. Bancorp last closed at $35.21, in a 52-week range of $28.36 to $61.11. It has a market cap of $53 billion and a consensus price target of $42.66.