12 S&P 500 Stocks Hit 52-Week Lows On Thursday

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SPY
State Street SPDR S&P 500 ETF Trust

A dozen major companies are at their weakest prices of the year, led by a technology giant’s steep one-month slide.

As of Thursday, July 23, 12 S&P 500 stocks are trading at their 52-week lows. The list includes Oracle (ORCL), the largest company on it with a market value of about $345.1 billion. Its stock has declined 27.1% over the last month, a period when the S&P 500 returned +0.6%.

That sharp divergence raises a critical question for any investor scanning these names: when a company of this scale hits a new low, is the business weakening alongside the stock price? The full list of companies follows.

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The Full List, Largest First

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The table below lists every stock at its 52-week low, largest first, with one-day, one-week, one-month, and one-year returns:

Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
ORCL $345.1 Bil -4.6% -3.4% -27.1% -49.0%
MCD $186.8 Bil -0.3% -3.9% -3.3% -10.0%
ISRG $117.8 Bil -2.5% -17.5% -17.6% -35.0%
LOW $112.9 Bil -1.2% -6.0% -4.9% -8.7%
CMCSA $78.8 Bil -6.8% -9.0% -2.5% -30.6%
SNPS $71.5 Bil -1.1% -10.4% -19.1% -39.3%
AZO $48.1 Bil -1.6% -4.5% -4.0% -22.5%
CCI $32.5 Bil -3.8% -5.3% -11.6% -29.1%
ROL $19.0 Bil -9.3% -13.2% -11.6% -28.1%
CSGP $11.2 Bil -2.0% -10.6% -10.3% -68.1%
PSKY $9.4 Bil -3.3% -7.1% -12.6% n/a
TTD $8.0 Bil -4.5% -12.2% -6.4% -79.4%

Is a new low always a sign of a broken business?

The numbers suggest a more complex picture. Oracle, despite its stock’s performance, saw its revenue grow 17.4% over the last twelve months and it trades at 20.2 times trailing earnings. Another name on the list, Intuitive Surgical (ISRG), also shows business growth, with revenue up 20.7% over the last twelve months. It trades at a higher multiple of 37.5 times trailing earnings. Even McDonald’s (MCD) saw revenue grow 6.8% while trading at 21.5 times trailing earnings.

A 52-week-low list is a starting point, not a conclusion.

A stock arrives at its weakest price of the year for many reasons. The price may reflect genuine damage to a company’s operations, or it could signal a fundamentally sound business that is simply marked down. The disciplined move is to investigate the business behind the ticker. A low price is just a number; the quality of the enterprise is the story that matters.

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.

Weakness Is Information. It Is Not An Instruction

A 52-week low tells you what the market thinks today. It does not tell you what to do, and acting on price alone is how value traps get bought. The missing ingredient is always the same: is the business still sound?

Asking that question across thousands of stocks, every day, is exactly how the Trefis High Quality (HQ) Portfolio is built: roughly 30 names that pass the quality screens, held with rules instead of nerve. It has a track record of outpacing a benchmark that combines all major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Let the low list sharpen your watchlist, and let the portfolio carry the risk.