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
SPX,
-1.96%
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
SPY,
-1.95%
) and the Nasdaq-100 Index
NDX,
-1.38%
(tracked by the Invesco QQQ Trust
QQQ,
-1.40%
) 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.
MRNA,
+7.15%
$301.34
-65.9%
$306.00
07/19/2021
Applied Materials Inc.
AMAT,
-0.75%
$127.00
-40.9%
$146.00
04/05/2021
ASML Holding NV ADR
ASML,
-1.37%
$680.60
-32.5%
$723.01
07/14/2021
Baidu Inc. Sponsored ADR Class A
BIDU,
-2.21%
$175.35
-39.1%
$354.82
02/22/2021
Biogen Inc.
BIIB,
-0.59%
$324.56
-47.7%
$468.55
06/07/2021
Carnival Corp.
CCL,
-4.80%
$19.75
-37.3%
$31.52
06/08/2021
Citrix Systems Inc.
CTXS,
-2.20%
$114.83
-33.8%
$173.56
07/22/2020
Discovery Inc. Class A
DISCA,
-1.08%
$27.73
-64.5%
$78.14
03/19/2021
Freeport-McMoRan Inc.
FCX,
-3.07%
$32.09
-30.4%
$46.10
05/10/2021
Fox Corp. Class B
FOX,
-1.50%
$32.90
-31.5%
$42.14
03/16/2021
Fox Corp. Class A
FOXA,
-1.02%
$34.85
-35.0%
$44.80
03/16/2021
Alphabet Inc. Class C
GOOG,
-2.17%
$2,580.95
-34.1%
$2,659.92
07/14/2021
Alphabet Inc. Class A
GOOGL,
-2.21%
$2,485.13
-32.2%
$2,586.53
07/14/2021
Illumina Inc.
ILMN,
+1.05%
$469.63
-33.4%
$555.77
02/12/2021
Lam Research Corp.
LRCX,
-1.09%
$590.14
-29.9%
$673.80
06/01/2021
Norwegian Cruise Line Holdings Ltd.
NCLH,
-4.86%
$21.90
-36.5%
$34.49
03/04/2021
Nvidia Corp.
NVDA,
+3.04%
$757.77
-37.5%
$835.00
07/07/2021
Penn National Gaming Inc.
PENN,
-0.11%
$65.93
-53.6%
$142.00
03/15/2021
Royal Caribbean Group
RCL,
-3.30%
$69.67
-29.8%
$99.24
02/25/2021
Tesla Inc.
TSLA,
-1.31%
$630.11
-30.0%
$900.40
01/25/2021
United Airlines Holdings Inc.
UAL,
-5.02%
$43.63
-31.5%
$63.70
03/18/2021
ViacomCBS Inc. Class B
VIAC,
-1.60%
$40.13
-60.7%
$101.97
03/15/2021
Vertex Pharmaceuticals Inc.
VRTX,
-1.70%
$198.91
-34.6%
$304.00
07/20/2020
Walgreens Boots Alliance Inc.
WBA,
-1.55%
$45.38
-30.1%
$57.05
04/06/2021
Zoom Video Communications Inc. Class A
ZM,
-4.69%
$348.22
-42.7%
$588.84
10/19/2020
Source: FactSet
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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