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22 stocks, including Carnival and Zoom, that are down 30% or more from 52-week highs

By Philip van Doorn

Other stocks way off their highs include Baidu, Peloton and United Airlines

(The initial version of this article featured an incorrect list. This has now been corrected.)

You would think that with the broad stock indexes doing so well in 2021, after what may have been surprising gains in 2020, that investors would be in a pretty good mood.

But check out this Twitter posting from July 19:


Tobias Carlisle was referring to CNN's Fear & Greed Index (link) which fell to 17 later in the morning on July 19. The index incorporates momentum, junk-bond demand, stock-market volatility, options trading patterns and other indicators.

The S&P 500 Index was up 13% (excluding dividends) for 2021 through 12:45 p.m. ET on July 19, following a 16% gain in 2020. The benchmark index has pulled back only 3% from its all-time intraday high set on May 10, but there are many stocks that have had much more significant declines.

To screen for them, we began with the S&P 500 (tracked by the SPDR S&P 500 ETF Trust (SPY)) and the Nasdaq-100 Index (tracked by the Invesco QQQ Trust (QQQ)) and identified stocks that were down at least 30% from their intraday 52-week highs.

Some investors looking for good entry points might make use of the list, but keep in mind that it only looks back for a year and says nothing about how much a stock may have risen or fallen before. For example, Tesla Inc. (TSLA) didn't make the list below because its stock has fallen "only" 29% from its high on Jan. 25. But its shares were up more than fivefold over the previous year through that high.

Here are the 22 stocks in the S&P 500 or the Nasdaq-100 that have fallen at least 30% from their 52-week intraday highs:

Company  Price -- 12:45 p.m. July 19  Decline from 52-week high  52-week high  Date of 52-week high 
Discovery Inc. Class A DISCA   $27.75  -64.5%  $78.14  03/19/2021 
ViacomCBS Inc. Class B VIAC   $39.46  -61.3%  $101.97  03/15/2021 
Penn National Gaming Inc. PENN   $65.78  -53.7%  $142.00  03/15/2021 
Pinduoduo Inc. ADR Class A PDD   $102.91  -51.6%  $212.60  02/16/2021 
Baidu Inc. ADR Class A BIDU   $175.80  -50.5%  $354.82  02/22/2021 
Zoom Video Communications Inc. Class A ZM   $345.49  -41.3%  $588.84  10/19/2020 
Splunk Inc. SPLK   $133.37  -41.0%  $225.89  09/02/2020 
Carnival Corp.   $19.78  -37.3%  $31.52  06/08/2021 
Norwegian Cruise Line Holdings Ltd. NCLH   $21.91  -36.5%  $34.49  03/04/2021 Group Ltd. ADR TCOM   $28.89  -36.1%  $45.19  03/17/2021 
Citrix Systems Inc. CTXS   $113.57  -34.6%  $173.56  07/22/2020 
Vertex Pharmaceuticals Inc. VRTX   $199.10  -34.5%  $304.00  07/20/2020 Inc. ADR Class A   $73.53  -32.1%  $108.29  02/17/2021 
Peloton Interactive Inc. Class A PTON   $116.64  -31.8%  $171.09  01/14/2021 
United Airlines Holdings Inc. UAL   $43.45  -31.8%  $63.70  03/18/2021 
Seagen Inc. SGEN   $145.95  -31.8%  $213.94  10/13/2020 
Biogen Inc. BIIB   $322.58  -31.2%  $468.55  06/07/2021 
Freeport-McMoRan Inc. FCX   $31.96  -30.7%  $46.10  05/10/2021 
Diamondback Energy Inc. FANG   $71.69  -30.1%  $102.53  07/01/2021 
Royal Caribbean Group RCL   $69.42  -30.0%  $99.24  02/25/2021 
APA Corp. APA   $17.02  -30.0%  $24.30  06/07/2021 
Viatris Inc. VTRS   $13.26  -29.7%  $18.86  12/31/2020 
Source: FactSet 

The 52-week highs are adjusted by FactSet for any splits or spin-offs.

You can click on the tickers for more about each company. Remember that a couple of data points aren't enough to select a stock for investment. It is best to do your own research to form your own opinion about a company's prospects with its industy.

Don't miss:19 dividend stocks to help you combat inflation (link)

-Philip van Doorn; 415-439-6400;


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07-19-21 1342ET

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