Major S&P Stocks On Decade Lows (AA, AMAT, AMD, DOW, EK, GCI, HOG, INTC, IP, JNY, M, MU, MSFT, NWL, NWS, SLE, STX, LUV, HOT, YRCW)

Covering any part of the positives in this market has been literally as rewarding as jumping in the bear cage with the bears at the zoo.  We have been refraining from doing as many stocks which are on 52-week lows as the list is just too many companies.  But after the close we perused the entire S&P 500 and a few more large companies.  We reached down in the barrel and found an extensive list of stocks which are now trading at lows of the entire decade.   Fortunately for the seriously depressed, we took out the stocks which are financials, autos, housing, REIT’s, and penny stocks.  Below is the full list.

• Alcoa (NYSE: AA) back to late 1994.
• Applied Materials (AMAT) back to levels not seen since late 1998.
• Advanced Micro Devices (NYSE: AMD) may be on the low’s going back to 1990.
• Dow Chemical (NYSE: DOW) back to 1995.
• Eastman Kodak (NYSE: EK) back to pre-1980’s.
• Gannett (NYSE: GCI) this may be the worst ever even before the 1990’s.
• General Electric (NYSE: GE) back to April 1997
• Harley Davidson (NYSE: HOG) is no auto company… it is a luxury item or status symbol and back to prices of the 1990’s.
• Intel Corp. (NASDAQ: INTC) lows since late 1996 or early 1997.
• International Paper (IP) back to the 1980’s.
• Jones Apparel (NYSE: JNY)… jonesing back to mid 1990’s.
• Macy’s (NYSE: M) back to the early 1990’s.
• Micron Tech (NYSE: MU)… DRAM manufacturing in U.S., like this one is a surprise.
• Microsoft Corp. (NASDAQ: MSFT) down to lows of April 1998, at least ifyou smooth out the September 2002 lows and account for the cashdividends.
• Newell Rubbermaid (NYSE: NWL) down to early 1990’s
• News Corp. (NYSE: NWS) back to at least 1995, although may be hard to compare with Fox and Dow Jones attached now.
• Sara Lee (NYSE: SLE) back to the mid-1990’s.
• Seagate Tech (NYSE: STX) post re-IPO lows… yep, disk drives and storage, now risk drive and porridge.
• Southwest Airlines (NYSE: LUV) looks like lows back to 1999. So muchfor all the rewards of great fuel hedging now that oil is so cheapagain.
• Starwood Hotels & Resorts (NYSE: HOT) back to 1996.
• YRC Worldwide (NASDAQ: YRCW) looks like an all-time low or at leastback into the 1980’s.  Forget Yellow, forget Roadway… market cap isnow under $200 million.

As a reminder, some of these may have had special dividends which maynot have been screened out and some have engaged in spin-offs which mayalso have changed the numbers.  But either way, you get the idea here.We are above and beyond 52-week lows now. 

Jon C. Ogg
November 20, 2008