S&P 500៖ ភាគហ៊ុនសំខាន់ៗរាប់សិបឥឡូវនេះធ្លាក់ចុះជាង 70%

Still don’t think the S&P 500’s sell-off is that bad? Maybe you’re not seeing all the major stocks down 70% or more from their highs.

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Dozens of stocks in the S&P 1500 index, including several S&P 500 giants, like ជ្រើសរើសQuote (SLQT), ក្រុមហ៊ុន PayPal Holdings (PYPL) និង Moderna (MRNA), are down more than 70% from their highest points in 52 weeks, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and ផ្សារស្មីត.

Such brutal beatdowns reveal why this sell-off feels worse than broad market indexes indicate. The SPDR S&P 500 Trust ETF (SPY) is down “only” 14.1% from its closing high notched on Jan. 4, 2022. A 10% correction stings and a 20% bear market hurts. But when you’re down 70% or more on a major stock, that’s serious pain. Investors holding onto these stocks still are suffering.

“The only goal now, for investors and traders alike, is to make it to the turn in asset prices whenever that is with the least amount of incremental damage to portfolios,” said Nicholas Colas of DataTrek Research. A little bit of traders’ discipline can help.

Looking At The Pain

Smaller companies are taking the brunt of this sell-off. But they’re not alone as big players in the S&P 500 are plunging, too.

The Vanguard Small-Cap ETF (VB) is now down 20% from its high last November. That’s much worse than the S&P 500’s drop but it’s better than the 31% plunge in the worst sector: communication services.

Case in point? SelectQuote. It’s a small $400-million-in-market-value marketer of insurance policies. But more importantly to investors, SelectQuote is a disaster stock. Shares are down more than 91% from their 52-week high set on May 6, 2021. That makes it the hardest hit of any stock in the S&P 500. But it’s also a perfect example of the kinds of stocks investors want nothing to do with in this market. The company lost $133 million in 2021 and is expected to lose another $148 million this year. Small money-losing companies? No thanks, investors are saying.

Speculative small health care companies dominate the ranks of the stocks dropping the most. More than half the biggest drops in the S&P 1500 are health care companies. ការរួម (ជិនធី), for instance, is a $400 million operator of chiropractic clinics. But the stock is a real back-breaker too, falling more than 84% from its 52-week high set on Sept. 7, 2021. The company isn’t losing money, but profit is seen falling 39% this year after dropping 47% last year.

It’s not just small companies, though, suffering in this market.

Big Cap, Big Pain In S&P 500

It’s hard to believe it, but shares of the health care giant that helped the U.S. crawl out of the throes of the pandemic are also cratering. And it’s just one S&P 500 stock that’s imploding.

ភាគហ៊ុនរបស់ Moderna (MRNA) are down an astounding 73% from their 52-week closing high on Aug. 10, 2020. It’s quite the comeuppance for what had been one of the very best stocks to own during the pandemic. The company is profitable. But profits are falling fast. Analysts think Moderna will only make $27.59 a share in 2022, down 2.5% from 2021. And in 2023, profit is seen dropping by more than 67%.

But Moderna is not the only catastrophe in the S&P 500. Video streamer ក្រុមហ៊ុន Netflix Inc (NFLX) is now down more than 74% from its 52-week high on Nov. 17, and off 70% just this year. That’s a brutal destruction of value. Even if Netflix’s stock gains by a better-than-average 15% annually, it would take a decade just to return to the highs.

Things aren’t looking much better at S&P 500 member PayPal (PYPL). The online payments company’s shares are down a bruising 73.7% from their high on July 26, 2021. Don’t expect to get much lift from fundamentals, either. Analysts think the company’s profit will drop nearly 15% this year.

So now you’ll know why there are so many long faces, even though the S&P 500 is “only” down 14%.

Biggest S&P 1500 Stock Drops

They’re all down 70%, or more, from their 52-week highs

ប្រភព: ក្រុមហ៊ុនអ៊ី។ អេ។ ។ ។ អេសអេស & ភីភាពវៃឆ្លាតទីផ្សារសកល

តាម Matt Krantz នៅលើ Twitter @Mattkrantz

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