Investing

The Top 10 S&P 500 Stocks Holding Back the Index

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Election Day is here, and the markets seem to be back on track after a devastating October. The Dow Jones industrial average and the S&P 500 were crushed last month, and the uncertainty from October still has some of the largest bulls on Wall Street rattled.

A Finviz review on Tuesday revealed that 243 members of the S&P 500 are still positive in 2018. This number shrinks when we look at the past 30 days, in which only 140 members of the S&P 500 are positive.

It’s worth pointing out that the S&P 500 and Dow industrials are down 6.5% and 5.1% from their respective 52-week and all-time highs. On a year-to-date basis, the S&P 500 and Dow are positive 2.5% and 2.9%, respectively.

While the broad markets are just barely positive for the year after a devastating October, here 24/7 Wall St. has included the worst 10 stocks in the S&P 500 that have held the index back. Although some of these stocks have recovered recently, they are still largely down year to date.

Delphi Technologies PLC (NYSE: DLPH) shares were last seen trading at $21.98, in a 52-week range of $20.24 to $102.99. The stock has a consensus analyst price target of $32.00. So far in 2018, Delphi shares are down about 58%. The market cap is $2 billion.

Mohawk Industries Inc. (NYSE: MHK) shares traded at $128.43, in a 52-week range of $113.45 to $286.85. The consensus price target is $146.94. Mohawk’s shares are down about 54% year to date. Its market cap is $10 billion.

Dentsply Sirona Inc. (NASDAQ: XRAY) traded at $35.30 a share. The 52-week range is $33.93 to $68.98, and the consensus price target is $47.60. So far in 2018, the shares are down about 47%. The market cap is $8 billion.

General Electric Co. (NYSE: GE) shares traded at $9.53, in a 52-week range of $9.07 to $20.75. The consensus analyst target is $14.34. GE shares are down about 47% year to date, and the market cap is $83 billion.

Affiliated Managers Group Inc. (NYSE: AMG) traded at $115.92 a share, in a 52-week range of $110.27 to $217.00. The consensus price target is $150.25. Shares are down about 44% year to date. The market cap is $6 billion.

L Brands Inc. (NYSE: LB) shares traded at $34.21. The 52-week range is $25.89 to $63.10, and the consensus price target is $32.48. So far in 2018, the shares are down about 43%. The market cap is $9 billion.

Invesco Ltd. (NYSE: IVZ) shares were trading at $21.63, in a 52-week range of $19.66 to $38.43. The consensus price target is $26.25. So far in 2018, the shares are down about 41%. The market cap is $9 billion.

Western Digital Corp. (NASDAQ: WDC) shares traded at $48.56, in a 52-week range of $47.87 to $106.96. The consensus analyst target is $72.20. WDC shares are down about 39% year to date, and the market cap is $14 billion.

EQT Corp. (NYSE: EQT) traded at $35.12 a share, in a 52-week range of $30.53 to $66.03. The consensus price target is $56.44. So far in 2018, the shares are down about 38%. The market cap is $9 billion.

Freeport-McMoRan Inc. (NYSE: FCX) shares were last seen at $12.22. The 52-week range is $10.59 to $20.25, and the consensus price target is $16.51. Shares are down about 36% so far in 2018. The market cap is $18 billion.

 

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