Investing

4 Major Stocks That Are Leading This Market Sell-Off

The broad markets are selling-off in Thursday’s trading session as the price of crude oil drifts toward the $40 mark. The S&P 500 is down just over 1% and the Dow Jones Industrial Average is down about 1.25% at midday, with quite a few major companies driving this sell-off. A fair number of investors own these stocks as part their portfolios and Thursday they are feeling the sting.

These are companies that have been hot over the past year and undoubtedly investors have taken up positions in most of these stocks recently, perhaps with the exception of Micron. 24/7 Wall St. has included a recent trading history for each stock, along with some color for the move in Thursday’s trading session.

Netflix

After having an absolutely phenomenal year, Netflix Inc. (NASDAQ: NFLX) shares pulled back in Thursday’s trading session. In 2015 alone this stock is up a whopping 150%. As a result, many investors have added this online media streamer to their portfolios. The move on Thursday will slightly dent those that got on the train recently, but one should keep in mind that Netflix has a super-high valuation at over 500 times 2015 consensus earnings estimates, which could come into play.

Shares of Netflix were down 6.1% at $114.65 Thursday. The stock has a consensus analyst price target of $118.00 and a 52-week trading range of $45.08 to $129.29.

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Apple

Apple Inc. (NASDAQ: AAPL) is continuing to recede from its 52-week highs. Currently shares are down 16.4% from the high set back in April. This stock is considered a staple to own, not to mention a media favorite. The pullback that Apple has experienced over the past few months puts it up only 5.5% in 2015. After its fiscal second-quarter earnings report, Apple’s short interest jumped to its highest level in 2015, some 77.9 million shares. Since that time, however, shares short have dropped to the current level, which is the second lowest in the past 52-weeks, potentially signaling increased confidence from investors going forward.

Apple shares were down 2.2%, at $112.45 in its 52-week trading range of $95.18 to $134.54. The stock has a consensus analyst price target of $146.88.

Disney

Despite having a strong year so far, Walt Disney Co. (NYSE: DIS) has lost nearly half of its gains in the past month alone. Shares are up 13.7% year to date but down 10.8% in just the past month. It is worth mentioning that 24/7 Wall St. also considers Disney as one of the 10 stocks to own for the next decade. The Mouse House tumbled Thursday on an analyst downgrade; Sanford Bernstein downgraded Disney to a Market Perform rating from Outperform and lowered the price target to $114 from $125. Just the day before, Wells Fargo issued a downgrade as well and took some of the wind out of Disney’s sails.

Disney shares were down 4.8% to $101.33, below its consensus analyst price target of $121.30. The stock has a 52-week range of $78.54 to $122.08.

Micron

Micron Technology Inc. (NASDAQ: MU) has been brutalized in 2015. Shares have lost over half their value since the beginning of the year. In 2014, analysts were calling Micron a value stock since it appeared to be exiting its phase as a growth stock at that time, but in light of this 55% slide, investors may be skeptical. Weak PC sales are at the heart of this problem, and other major companies within the semiconductor industry have felt this sting as well, but Micron has taken the brunt of the punishment. Seemingly there is no real end in sight.

Shares of Micron slid 5.3% to $15.06, pushing a new low in its 52-week range of $14.89 to $36.59. The consensus price target is $27.65.

ALSO READ: 6 Analyst Stocks Called to Rise 50% or More

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