Investing

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

30. Discovery Inc. (NASDAQ: DISCK) has performed worse than its more actively traded A shares in 2020, despite a slightly better gain over the past 90 days. The media company owns and operates its own networks and video content that spans all ages and genres, which means it is reliant on cable charges and advertising. The K shares are down about 34.3% YTD, despite being up 9.1% over the past 90 days. Discovery recently closed at $20.04, in a 52-week range of $15.43 to $31.20. It has a market cap of $10.6 billion and a consensus price target of $24.33.

31. Mohawk Industries Inc. (NYSE: MHK) is a leader in anything related to flooring, and while residential sales are strong, the commercial market is on pause. Mohawk shares are down 33.7% YTD, despite being up 8.4% in the past 90 days. It lost more than half of its value in the February to March panic selling and has since recovered yet again, after a very strong selling bought in early July after allegations that the company has been using fictitious sales data. Mohawk Industries stock last closed at $90.32, in a 52-week range of $56.62 to $153.05. It has a market cap of $6.4 billion and a consensus price target of $93.46.

32. NetApp Inc. (NASDAQ: NTAP) is down 33.7% YTD and is down 7.7% over the past 90 days. NetApp was punished along with other hardware providers during the sell-off from February through March, but its recovery has been muted. Even valued at 10 times expected earnings and with a 4.6% dividend yield, it has not overcome negative revenue trends expected in 2020 and slow growth thereafter. Its earnings report is scheduled for August 26. NetApp recently closed at $41.25, in a 52-week range of $34.66 to $65.38. It has a market cap of $9.2 billion and a dividend yield of 4.7%. Analysts have a consensus price target of $47.33.

33. WestRock Co. (NYSE: WRK) is down 33.7% YTD despite its shares being up 12.3%% over the past 90 days. The paper and packaging solutions for consumer and corrugated markets has been challenged during 2020, and analysts are still expecting slight revenue and earnings per share contractions to last in the rest of 2020 and into 2021. WestRock last closed at $28.46, with a 52-week range of $21.50 to $44.39. It has a market cap of $7.4 billion and a dividend yield of 2.8%. The consensus price target is $38.00.

34. Synchrony Financial (NYSE: SYF) is down 33.6% YTD, despite seeing its shares up a sharp 34% over the past 90 day period. Synchrony is deep into private label credit cards, effectively being a huge credit card issuer under other business and entity’s names. It also offers loans for consumers through other avenues and other businesses. The obvious issue here is rising credit delinquencies and charge-offs due to widespread risks of nonpayment. Synchrony Financial recently closed at $23.91, in a 52-week range of $12.15 to $38.18. It has a market cap of roughly $14 billion and a dividend yield of 3.7%. Analysts have a consensus price target of $28.47.

35. Walgreens Boots Alliance Inc. (NASDAQ: WBA) has not been able to recover from its pre-coronavirus woes and the slower foot traffic to pharmacies and retail has weighed. Walgreens shares are down 33% YTD despite being down only 0.3% over the past 90 days. The stock last closed at $39.46, with a 52-week range of $36.65 to $64.50. It has a market cap of $34 billion and a dividend yield of 4.7%. Walgreens has a consensus target price of $43.00.

36. Sysco Corp. (NYSE: SYY) should have been a defensive stock considering it is the top food distributor, but with the restaurant industry gutted and forced into mass shutdowns, the panic selling in March was far worse than the pre-recession highs of 2008 to the panic selling lows of 2009 on a percentage basis. Sysco has recovered handily from its lows as a “reopening trade,” but the stock is still down 32.8% YTD, despite being up 11% over the past 90 days. Sysco recently closed at $57.46, in a 52-week range of $26.00 to $85.98. It has a market cap of $29 billion and a dividend yield of 3.1%, and it has a consensus target price is $63.50.

37. Loews Corp. (NYSE: L) is classified as property and casualty insurer, but it’s actually a jumbled conglomerate with energy exposure, the Loews hotel chain and injection molded plastic containers for multiple industries. Loews CEO Jim Tisch has even gone as far as to rail against the absurd valuation and call the stock egregiously undervalued in an early-August earnings conference call. Loews stock is down 32.7% YTD, though it is still up 10.7% over the past 90 days despite a recent 10% sell-off. Loews last closed at $35.32, in a 52-week range of $27.33 to $56.88. It has a market cap of nearly $10 billion and a dividend yield of 0.7%, although Loews is thinly followed by analysts.

38. CF Industries Holdings Inc. (NYSE: CF) is a leader in making nitrogen fertilizers and other nitrogen products. While this should be defensive, global economic weakness translates to less food consumption from some of the nations that were on their way to achieving three meals per day. CF Industries stock is down 32.2% YTD, despite being up over 17.3% over the past 90 days. Shares recently closed at $32.37, in a 52-week range of $19.73 to $52.30. It has a market cap of $6.9 billion and a dividend yield of 3.7%. It also has a consensus target price of $38.00.


39. FLIR Systems Inc. (NASDAQ: FLIR) has been weak in August after an earnings disappointment, despite being a potential COVID-19 winner with its temperature-reading devices. The stock is down 32.1% YTD and down 21.5% over the past 90 days. It last closed at $35.35, in a 52-week range of $23.85 to $59.44. It has a market cap of $4.6 billion and a dividend yield of 1.9%. The consensus target price is $46.89.

40. Edison International (NYSE: EIX) may not be in the same boat as PG&E was, but its electricity distribution systems and corporate base are in California. Edison International operates as Southern California Edison and Edison Energy. Its stock is down 32% YTD and down about 9.2% over the past 90 days. Shares recently closed at $51.26, with a 52-week range of $43.63 to $78.93. The market cap is $19.4 billion, and the dividend yield is 5.0%. It has a consensus target price of $69.29.

The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) is one of the most liquid exchange-traded funds of them all, with nearly 80 million shares trading on an average day. It was up 5.5% YTD coming into August 24, before considering its gain on the day. The index was also up 15% over the past 90 days. The index was up 38.5% from the close on April 1, 2020, and it was a whopping 55% from the V-bottom in March.