In 2024, several well-known companies faced disappointing stock market performances, including a popular yoga pants retailer, a prominent semiconductor chip producer, and America’s largest aircraft manufacturer.
One of the worst-performing companies was Walgreens, with their share prices dropping by half and hitting record lows. Lululemon, a high-end sportswear company, also struggled with poor revenue growth. Additionally, Intel faced challenges in the market, lagging behind competitors like Nvidia in the semiconductor industry.
Boeing also faced difficulties, with ongoing public relations issues affecting their stock performance. The entertainment industry saw setbacks as well, with Warner Bros. Discovery and Paramount Global experiencing losses in net income.
Overall, the stock market in 2024 had its share of disappointments, with prominent companies like Intel, Walgreens, Boeing, Warner Bros. Discovery, and Paramount Global facing challenges. Despite the stock market reaching new highs, these companies struggled to see positive returns.
In terms of individual company performances, the top ten worst-performing stocks included Walgreens, Lululemon, Intel, EPAM Systems, Warner Bros. Discovery, Albemarle, Globe Life, MarketAxess, Paycom, and Boeing, all experiencing significant declines in their stock prices.
One notable highlight was Tesla losing approximately $170 billion in market value, the largest loss among S&P companies. This was attributed to negative profit growth and predictions of further declines in the coming quarters.
In a surprising turn of events, the drugmaker Aerovate Therapeutics was the worst-performing stock in the Russell 3000 index, experiencing a drastic drop in market capitalization due to setbacks in a blood pressure treatment testing. The wider market scenario showed that less than 40% of S&P stocks fell, despite the overall market reaching new highs.
Overall, the stock market in 2024 saw a mix of success and struggles for various companies, highlighting the unpredictable nature of investments and the impact of external factors on stock performances.
Article Source
https://www.forbes.com/sites/dereksaul/2024/07/04/not-an-everything-rally-2024s-worst-sp-500-stocks-so-far-from-boeing-to-intel/
