Underperforming Stocks in the SP 500 Index: An In-Depth Analysis
Investors seeking insights into the worst-performing stocks within the SP 500 Index this year can find valuable data via screening tools, particularly for those used by Ameritrade clients. For others, this article provides a comprehensive look at the bottom performers and their performance metrics.
Understanding the SP 500
The SP 500 is a capitalization-weighted index of 500 large-cap U.S. companies. It is one of the leading market indices in the United States and is often examined to gauge overall market trends. This index plays a crucial role in investment decision-making and market analysis.
Identifying the Bottom Performers
For this analysis, we use the performance metrics of specific stocks as of the end of the previous year (EOY) and their current prices to provide a consolidated view of the underperformers in the SP 500 Index in 2023.
Top Five Underperforming Stocks
Below are the top five stocks currently lagging in their performance within the SP 500 Index, along with their detailed performance metrics.
Macy’s Inc (M) EOY 2018 Price: 29.78 Current Price: 15.27 YTD Change: -48.72% DXC Technology Co (DXC) EOY 2018 Price: 53.17 Current Price: 27.86 YTD Change: -47.60% ABIOMED Inc (ABMD) EOY 2018 Price: 325.04 Current Price: 184.95 YTD Change: -43.10% Concho Resources Inc (CXO) EOY 2018 Price: 102.79 Current Price: 66.42 YTD Change: -35.38% Macerich Co (MAC) EOY 2018 Price: 43.28 Current Price: 27.99 YTD Change: -35.33%These figures indicate significant declines in share prices and performance over the year, highlighting the challenges faced by these companies.
The Bottom Ten without Additional Details
Beyond the top five, the following stocks continue to underperform within the SP 500 Index without detailed price and performance information:
6. Kraft Heinz Co (KHC) 7. Gap Inc (GPS) 8. Occidental Petroleum Corp (OXY) 9. Mylan NV (MYL) 10. L Brands Inc (LB)While these companies also face challenges, the data available on them does not provide the same level of detail as the top five.
Conclusion
Understanding the performance of stocks within the SP 500 Index is crucial for any investor seeking to make informed decisions. By highlighting these underperforming stocks, this analysis provides a critical viewpoint on the current market trends and the challenges faced by certain companies. Investors are encouraged to conduct thorough research and consider both their strategic and financial goals before making any investment decisions.