These 8 poor-performing S&P 500 stocks could rebound 50%-plus in the next year
Investors don’t need to be told that stocks have been volatile. There’s a market of extremes as Russia’s war in Ukraine continues and investors wait to see what the Federal Open Market Committee does with interest-rate policy March 16.
Rebounds can be rapid From its all-time intraday high on Jan. 4, the S&P 500 was down 13.4% through March 14. That broad decline masks the intensity of daily price movements. Discount prices Sometimes investors will focus on quality for a long-term strategy, emphasizing companies’ growth prospects, operational and profit-margin improvements, or maybe dividend income. But investors and traders may also try to scoop up stocks at discount prices after significant declines, hoping to ride the rebound wave.
In the meantime, a screen of price action for the S&P 500 components through March 14 shows that 16 stock were down at least 50% from their 52-week intraday highs. Among the 16 stocks, eight have majority “buy” or equivalent ratings among analysts polled by FactSet.Click on the tickers for more about each company, including coverage of the recent comments from management teams that did so much to push down shares of PayPal Holdings Inc. PYPL, +1.
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