5 S&P 500 Stocks Hit 52-Week Lows On Tuesday

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SPY
State Street SPDR S&P 500 ETF Trust

A technology giant’s sharp decline anchors a short list of market laggards, raising questions about price versus performance.

A company worth about $367.8 billion does not often hit a 52-week low, and it certainly does not often do so by declining 30.3% in a single month. Yet that is the story with Oracle (ORCL), the largest name on today’s list. While the S&P 500 returned +1.9% over the last month, a small group of its components moved in the opposite direction.

As of Tuesday, just 5 S&P 500 stocks are at their weakest price of the past year. The central question is what to make of such a steep fall in a market that is otherwise climbing. The full list of names follows.

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The Complete 52-Week-Low List

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Here are all 5 names, sorted by market capitalization, with returns over four windows:

Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
ORCL $367.8 Bil -2.7% -9.3% -30.3% -43.9%
ISRG $134.7 Bil -6.8% -11.2% -8.1% -25.9%
BSX $63.3 Bil -4.5% -5.9% -9.6% -58.7%
LVS $30.0 Bil -2.4% -2.8% -11.5% -8.3%
CSGP $11.4 Bil -3.8% -7.3% -15.2% -67.6%

Is the business shrinking as fast as the stock price?

The numbers suggest a disconnect. Oracle’s stock has seen a severe one-month slide, but its revenue grew 17.4% over the last twelve months. Another name on the list, Las Vegas Sands (LVS), shows a similar pattern. Its revenue grew 22.7% over the last twelve months, and the company trades at 16.3 times trailing earnings with a free cash flow yield of 7.5%. In these cases, the recent stock performance is not reflective of recent top-line business growth.

A low price is a starting point, not a conclusion.

A 52-week-low list is not inherently a buy list or a sell list. It is a catalog of acute investor pessimism, which may or may not be justified. A stock at its yearly low can signal a business with genuine structural damage, or it can be a fundamentally sound operation that has simply been marked down. The disciplined move is to investigate the business behind the ticker before reacting to the price.

A 52-week-low list tells you where the pain is; it does not tell you which of these declines are worth buying. That second question is what our Buy the Dip screen answers, every day: beaten-down names where the fundamentals still hold up.

A 52 Week Low Is A Stress Test For Concentrated Portfolios

Every stock on this list just showed its holders what a bad year feels like. How much damage any single position could do to your net worth is a question with a precise answer. The Trefis Wealth team computes it for investors professionally, with the same rules-based systematic discipline that runs our High Quality Portfolio. Request a free vulnerability audit of your biggest positions.