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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 410.65-1.1%Feb 8 4:00 PM EST

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To: Johnny Canuck who wrote (55586)8/31/2022 12:19:39 PM
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Here are the worst (and best) performing stocks of August and for 2022 Last Updated: Aug. 31, 2022 at 10:14 a.m. ET First Published: Aug. 31, 2022 at 10:13 a.m. ET
By
Philip van Doorn


0

U.S. stocks reversed gains from July, led by technology companies




Getty Images/iStockphoto










Referenced Symbols

SPX
0.12%
DJIA
-0.01%
COMP
0.23%
NDX
0.25%
AAPL
0.30%
MSFT
0.58%
AMZN
-0.22%
TSLA
-0.45%
GOOG
0.75%
GOOGL
0.72%
CL00
-0.73%
NFLX
2.87%
META
4.53%
MTCH
0.76%
PYPL
2.66%
NVDA
-1.84%
SEDG
-0.00%
BALL
-0.79%
DXC
1.37%
CTLT
-0.71%
CRL
0.04%
FTNT
-0.14%
WAT
-0.40%
GNRC
-0.35%
MRNA
-1.63%
EPAM
-0.22%
CEG
2.45%
CAH
1.12%
NLSN
0.05%
AES
0.26%
COP
1.18%
DVN
1.76%
PFG
0.25%
ALB
-0.66%
CF
-1.15%
EXC
0.78%
ALGN
-0.20%
CZR
0.67%
SWK
-0.57%
ETSY
-0.09%
CCL
-1.79%
ZBRA
-0.67%
OXY
0.14%
HES
0.78%
CTRA
1.56%
MPC
1.21%
XOM
0.46%
VLO
0.65%
ENPH
-0.07%
MRO
1.68%
BRK.B
-0.32%










After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August.

Here’s the damage:

Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
S&P 500 SPX, 0.12% -3.5% -16.4% 26.9%
Dow Jones Industrial Average DJIA, -0.01% -3.2% -12.5% 18.7%
Nasdaq Composite Index COMP, 0.23% -4.1% -24.0% 21.4%
Nasdaq-100 Index NDX, 0.25% -4.7% -24.4% 26.6%
Source: FactSet
All price changes in this article exclude dividends.


The S&P 500’s SPX, 0.12% market capitalization has declined by $6.76 trillion this year to $33.59 trillion. Market caps for the largest five companies in the benchmark index (Apple Inc. AAPL, 0.30%, Microsoft Corp. MSFT, 0.58%, Amazon.com Inc. AMZN, -0.22%, Tesla Inc. TSLA, -0.45% and Alphabet Inc. GOOG, 0.75% GOOGL, 0.72% ) have dropped by a combined $1.95 trillion.

Here’s how the 11 sectors of the S&P 500 have performed during August and for 2022 so far. Forward price-to-earnings ratios are also included for three dates, based on rolling forward 12-month earnings-per-share estimates among analysts polled by FactSet:

Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 Forward P/E Forward P/E – July 29 Forward P/E – Dec. 31
Energy 3.2% 46.1% 47.7% 9.2 8.7 11.0
Utilities 0.8% 4.1% 14.0% 20.7 20.3 20.8
Consumer Staples -1.3% -5.1% 15.6% 20.7 20.9 21.8
Financials -1.3% -15.0% 32.5% 11.8 12.0 14.7
Industrials -2.2% -11.7% 19.4% 17.3 17.7 20.6
Materials -2.5% -15.9% 25.0% 13.7 13.8 17.0
Consumer Discretionary -3.7% -23.4% 23.7% 27.2 28.3 33.0
Communication Services -4.2% -31.0% 20.5% 15.8 16.2 20.9
Health Care -5.3% -11.2% 24.2% 15.7 16.5 17.2
Information Technology -5.3% -21.9% 33.4% 21.3 22.1 28.1
Real Estate -5.4% -19.2% 42.5% 18.5 19.4 24.2
S&P 500 -3.5% -16.4% 26.9% 17.2 17.6 21.5
Source: FactSet
The energy sector has been strongest during August, rising 3.2%, even as continuous front-month contract prices for West Texas Intermediate crude CL00, -0.73% oil declined 7% from the end of July to $91.64 on Aug. 30. This sector remains the cheapest on a forward P/E basis.



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While oil prices pulled back in August, the U.S. energy industry had a banner second-quarter earnings season. Looking further ahead, those results led to a 12% increase in the S&P 500 energy sector’s consensus earnings-per-share estimate for 2023.

Year-to-date, the communications services sector has been the worst performer. Bear in mind that several of this sector’s worst stocks of 2022 are actually tech-oriented, including Netflix Inc. NFLX, 2.87%, the biggest loser among the S&P 500 this year with a 63% decline through Aug. 30. The communications sector also includes Meta Platforms Inc. META, 4.53% (Facebook’s holding company), whose stock has fallen 53% this year, and Match Group Inc. MTCH, 0.76%, down 57% for 2022, including a 23% decline in August.

Within the information technology sector, two of this year’s worst performers have been PayPal Holdings Inc. PYPL, 2.66%, down 51%, and Nvidia Corp. NVDA, -1.84%, which is down 47%. Nvidia is the largest semiconductor company in the S&P 500, with a market cap of $386.7 billion. The company’s value has declined by an astounding 348.6 billion this year.

Citigroup analyst Christopher Danley warned on Tuesday that semiconductor stocks could drop another 25% as they enter “the worst downturn in a decade.”

The S&P 500’s worst and best performers Here are four lists of the S&P 500’s worst and best performers for August and for 2022:

Worst-performing S&P 500 stocks in August
Company Ticker Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
SolarEdge Technologies Inc. SEDG, -0.39% -23.5% -1.8% -12.1%
Match Group Inc. MTCH, 0.76% -23.0% -57.3% -12.5%
Ball Corp. BALL, -0.79% -22.6% -41.0% 3.3%
DXC Technology Co. DXC, 1.37% -22.4% -23.9% 25.0%
Catalent Inc. CTLT, -0.71% -21.1% -30.3% 23.0%
Charles River Laboratories International Inc. CRL, 0.04% -18.0% -45.5% 50.8%
Fortinet Inc. FTNT, -0.14% -17.8% -31.8% 142.0%
Waters Corp. WAT, -0.40% -17.8% -19.6% 50.6%
Generac Holdings Inc. GNRC, -0.35% -17.3% -36.9% 54.8%
Moderna Inc. MRNA, -1.63% -17.2% -46.5% 143.1%
Source: FactSet
Click on the tickers for more about each company. You should also read Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch quote pages.

Best-performing S&P 500 stocks in August
Company Ticker Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
EPAM Systems Inc. EPAM, -0.22% 21.6% -36.5% 86.5%
Constellation Energy Corp. CEG, 2.45% 20.6% N/A N/A
Cardinal Health Inc. CAH, 1.12% 17.3% 35.6% -3.9%
Nielsen Holdings Plc NLSN, 0.05% 16.3% 35.8% -1.7%
AES Corp. AES, 0.26% 14.5% 4.7% 3.4%
ConocoPhillips COP, 1.18% 13.4% 53.1% 80.5%
Devon Energy Corp. DVN, 1.76% 13.1% 61.4% 178.6%
Principal Financial Group Inc. PFG, 0.25% 12.5% 4.1% 45.8%
Albemarle Corp. ALB, -0.66% 11.6% 16.7% 58.5%
CF Industries Holdings Inc. CF, -1.15% 11.0% 49.8% 82.8%
Source: FactSet
Constellation Energy Corp. CEG, 2.45% was split off from Elexon Corp. EXC, 0.78% in January.

Worst-performing S&P 500 stocks of 2022
Company Ticker Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
Netflix Inc. NFLX, 2.87% -1.9% -63.4% 11.4%
Align Technology Inc. ALGN, -0.20% -12.2% -62.5% 23.0%
Match Group Inc. MTCH, 0.76% -23.0% -57.3% -12.5%
Caesars Entertainment Inc. CZR, 0.67% -5.4% -53.8% 25.9%
Meta Platforms Inc. Class A META, 4.53% -1.2% -53.3% 23.1%
Stanley Black & Decker Inc. SWK, -0.57% -8.5% -52.8% 5.6%
Etsy Inc. ETSY, -0.09% 2.0% -51.7% 23.1%
Carnival Corp. CCL, -1.79% 7.8% -51.4% -7.1%
PayPal Holdings Inc. PYPL, 2.66% 6.1% -51.3% -19.5%
Zebra Technologies Corp. Class A ZBRA, -0.67% -15.3% -49.1% 54.9%
Source: FactSet
Best-performing S&P 500 stocks of 2022
Company Ticker Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
Occidental Petroleum Corp. OXY, 0.14% 9.5% 148.4% 67.5%
Hess Corp. HES, 0.78% 8.6% 65.0% 40.2%
Devon Energy Corp. DVN, 1.76% 13.1% 61.4% 178.6%
Coterra Energy Inc. CTRA, 1.56% -0.6% 60.0% 16.7%
Marathon Petroleum Corp. MPC, 1.21% 10.7% 58.6% 54.7%
Exxon Mobil Corp. XOM, 0.46% -0.6% 57.4% 48.4%
Valero Energy Corp. VLO, 0.65% 6.6% 57.1% 32.8%
Enphase Energy Inc. ENPH, -0.07% 0.6% 56.2% 4.3%
Marathon Oil Corp. MRO, 1.68% 3.1% 55.8% 146.2%
ConocoPhillips COP, 1.18% 13.4% 53.1% 80.5%
Source: FactSet
Under the leadership of CEO Warren Buffett, Berkshire Hathaway Inc. BRK.B, -0.32% has loaded up on shares of Occidental Petroleum Corp. this year. Here’s a look at the investment moves Berkshire made during the second quarter.
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