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