These were the 5 worst performing stocks in the S&P 500 in 2024

Returning 25% by 2024, S&P 500 It’s been a record year for stock market investors. A resilient global economy coupled with interest rate cuts by the Federal Reserve continue to fuel optimism for a stronger outlook. Investors cheered the gains in the technology sector. Artificial intelligence (AI) is revolutionizing various industries.

On the other hand, not every company was a winner. It provides insight into themes to avoid stacking up against the biggest losers in the stock market and a reminder that risk investors need to be balanced. Here are the five worst-performing stocks in the S&P 500 in 2024.

Source: Yahoo! Finance

During a strong bull market, lagging stocks reflect the bottom Basic Weaknesses or company-specific failures. This pattern holds true for underperformers in 2024, which generally report weaker-than-expected results.

Intel shares fell 60% as the semiconductor pioneer struggled to adapt to a changing landscape, with demand for AI-based GPUs overshadowing its traditional CPU business from rivals. Cosmetics leader Estee Lauder has lost almost half its value by 2024, mainly due to weakness in the Chinese market and soft consumer sentiment. China was to blame for a 55% decline in the stock of chemicals and specialty materials maker Celanese. The company has cut its dividend in response to poor financial results.

Perhaps the most interesting name on the list is Walgreens. Despite its poor performance, the stock is down 64%, with shares of the healthcare giant following the company’s recent update in the first few weeks of the new year. After doing so, signs of improved vision increased significantly.

Market volatility can sometimes lead to buying opportunities in beaten-down stocks, if the companies show the potential to turn around. So yesterday’s losers can be tomorrow’s winners, so it’s worth keeping these stocks on your radar.

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