18 Stocks Just Touched 52-Week Lows

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A technology giant hits a new low, raising questions about the difference between a stock’s price and a company’s performance.

Industries from Aerospace & Defense to Semiconductors each placed 2 names on today’s 52-week-low list. In total, 18 US and Canada-listed stocks with a market value above $500 million are at their weakest price of the past year. The largest is AppLovin (APP), with a market value of about $100.7 billion, a sharp contrast to the S&P 500’s +3.3% return over the last month.

The central question is what to make of a company hitting a new low while its business has been expanding. The full list of names follows.

Photo by ArtsyBee on Pixabay

Monday’s Full 52-Week-Low List

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The table below lists all 18 US and Canada-listed stocks in the Trefis coverage universe at their 52-week lows (the screen only considers companies with market values above $500 million), largest first, with one-day, one-week, one-month, and one-year returns:

Tickers Market
Cap
1D
% Chg
1W
% Chg
1M
% Chg
1Y
% Chg
APP $100.7 Bil -2.3% -4.3% -23.8% -28.7%
LHX $49.1 Bil -1.5% -5.6% -12.5% -3.3%
NRG $23.1 Bil -1.2% -8.7% -20.5% -22.4%
DKS $15.9 Bil -2.1% -8.6% -13.0% -17.9%
LII $13.9 Bil -0.9% -4.1% -26.2% -29.3%
BWXT $13.7 Bil -4.6% -12.7% -14.2% -9.0%
CRUS $5.6 Bil -3.2% -6.9% -16.4% -2.0%
AMTM $4.9 Bil -6.7% -1.8% -11.0% -17.3%
IPGP $3.0 Bil -3.4% -19.7% -22.9% -10.0%
HWKN $2.4 Bil -1.0% -10.5% -15.2% -29.6%
BGSI $2.4 Bil -1.6% -5.5% -15.0% -45.5%
RUN $2.1 Bil -2.6% -9.3% -10.3% -39.5%
OLN $2.0 Bil -4.5% -7.6% -24.3% -13.6%
ATS $1.9 Bil -2.6% -1.8% -27.2% -27.9%
ARDX $0.9 Bil -3.9% -7.9% -25.6% -38.8%
PMT $0.8 Bil -0.6% -3.4% -4.6% -10.4%
GOOS $0.8 Bil -5.3% -2.1% -6.9% -25.5%
ARRY $0.7 Bil -2.6% -8.2% -14.1% -45.5%

Some new lows are attached to growing businesses.

AppLovin (APP) stands out. The stock has declined 23.8% over the last month. Yet over the last twelve months, its revenue grew 60.6%. A similar pattern appears in L3Harris Technologies (LHX), the second-largest name on the list. Its stock has declined 12.5% over the last month, while its revenue grew 7.3% over the last twelve months.

A low price is a question, not an answer.

A 52-week-low list is a starting point for research. A stock at its weakest price in a year can signal real fundamental damage, or it can mark a perfectly healthy business that is simply out of favor. The disciplined move is to investigate the business behind the stock before reacting to the price alone.

If any of these names tempt you, resist buying a price alone. Our Buy the Dip screen asks the follow-up question that matters: which marked-down stocks still have the growth and cash generation to recover.

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 the three 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.