S&P 500: Do You Own the 12 Biggest Stock Market Turkeys of the Year?

It’s been a bad year for most S&P 500 investors. But it’s been a disaster for those who had the biggest turkeys.


So far this year, 12 stocks in the S&P 500 are the biggest turkeys of the year, including Generac holdings (GNRC), alignment technology (SOMEONE) Y metaplatforms (GOAL), having fallen more than 55%, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and marketsmith. Such losses stand out even in a bad year for the S&P 500. The S&P 500 is down “only” 17% this year.

And yet, S&P 500 investors might be thankful if these gigantic stock declines mark the worst. “As we head into the holiday-shortened Thanksgiving week, investors may now be relying on favorable historical seasonal trends for encouragement, as the S&P 500 rallied in price two out of three weeks of Thanksgiving shortened by festivities since World War II and continued to move forward nearly three out of four times to the end of the year,” said CFRA’s Sam Stovall.

But for now, there are plenty of losses to go around.

Chubby Losses So Far

If you’re looking for the biggest turkey in the S&P 500, it’s kind of surprising where they’re from.

Actions of well-run generator manufacturer, Generac is the worst place you could have put your money out of all the stocks in the S&P 500. The stock is down more than 70% this year. That stock price collapse wiped out nearly $16 billion in market value. What is the problem? After producing earnings growth for years, the company’s bottom line is seen hitting a wall this year. Adjusted earnings per share is expected to fall more than 11% this fiscal year.

But Generac faces stiff competition for being the worst stock of the year in the S&P 500. Close behind is Align Technology, maker of teeth-straightening technology. The shares are also down more than 70% this year. And as is the case with Generac, analysts believe that the company’s multi-year run of increasing profits or at least holding them flat, adjusted earnings will fall more than 36% this year.

Meta gets a shot at the S&P 500

Mark Zuckerberg must be at least a little relieved to see the crater of other S&P 500 stocks. Until recently, his Meta Platforms was the worst action in the S&P 500 on a percentage change basis this year. Meta Platforms is bad, but it’s no longer the worst on the S&P 500.

Shares of communication services stocks are down 67% this year. That ranks as the fifth-worst stock in the S&P 500 this year. The drop, due to the company’s costly switch to virtual reality, has reduced the company’s market value by $643.9 billion this year. Surprisingly, that’s not the biggest loss in market value this year either. The head of the table when it comes to losing market value this year goes to amazon.com (AMZN). Shares of the online retailer are down more than 44% this year as investors brace for the online retail giant to lose money this year.

So if you didn’t own these shares this year, you at least have to be thankful.

Stock Turkeys 2022

The worst stocks in the S&P 500 as a percentage this year

Company Heart % channel Sector
Generac holdings (GNRC) -70.9% industrial stocks
alignment technology (SOMEONE) -70.8 Health care
financial SVB (BLIMS) -68.3 Finance
catalent (CTLT) -67.3 Health care
metaplatforms (GOAL) -67.3 Communication services
party group (MTCH) -64.5 Communication services
signature bank (sbny) -59.2 Finance
Stanley Black & Decker (SWK) -57.2 industrial stocks
zebra technologies (ZBRA) -56.8 Information technology
PayPal Holdings (PPPL) -57.2 Information technology
FV (HRV) -55.8 Discretionary Consumption
Discovery by Warner Bros. (wbd) -55.1 Communication services
Sources: S&P Global Market Intelligence, IBD

Follow Matt Krantz on Twitter @mattkrantz


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