You would think that with the broad stock indexes doing so well in 2021, after what may have been surprising gains in 2020, that investors would be in a pretty good mood.
But check out this Twitter posting from July 19:
Tobias Carlisle was referring to CNN’s Fear & Greed Index which fell to 17 later in the morning on July 19. The index incorporates momentum, junk-bond demand, stock-market volatility, options trading patterns and other indicators.
The S&P 500 Index
was up 15% (excluding dividends) for 2021 through 11:15 a.m. ET on July 19, following a 16% gain in 2020. The benchmark index has pulled back only 3% from its all-time intraday high set on May 10, but there are many stocks that have had much more significant declines.
To screen for them, we began with the S&P 500 (tracked by the SPDR S&P 500 ETF Trust
) and the Nasdaq-100 Index
(tracked by the Invesco QQQ Trust
) and identified stocks that were down at least 30% from their intraday 52-week highs.
Some investors looking for good entry points might make use of the list, but keep in mind that it only looks back for a year and says nothing about how much a stock may have risen or fallen before.
Here are the 25 stocks in the S&P 500 or the Nasdaq-100 that have fallen at least 30% from their 52-week intraday highs:
|Company||Price – 11:15 a.m. ET on July 19||Decline from 52-week high||52-week high||Date of 52-week high|
| Moderna Inc. |
| Applied Materials Inc. |
| ASML Holding NV ADR |
| Baidu Inc. Sponsored ADR Class A |
| Biogen Inc. |
| Carnival Corp. |
| Citrix Systems Inc. |
| Discovery Inc. Class A |
| Freeport-McMoRan Inc. |
| Fox Corp. Class B |
| Fox Corp. Class A |
| Alphabet Inc. Class C |
| Alphabet Inc. Class A |
| Illumina Inc. |
| Lam Research Corp. |
| Norwegian Cruise Line Holdings Ltd. |
| Nvidia Corp. |
| Penn National Gaming Inc. |
| Royal Caribbean Group |
| Tesla Inc. |
| United Airlines Holdings Inc. |
| ViacomCBS Inc. Class B |
| Vertex Pharmaceuticals Inc. |
| Walgreens Boots Alliance Inc. |
| Zoom Video Communications Inc. Class A |
The 52-week highs are adjusted by FactSet for any splits or spin-offs.
You can click on the tickers for more about each company. Remember that a couple of data points aren’t enough to select a stock for investment. It is best to do your own research to form your own opinion about a company’s prospects with its industy.
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