18 Stocks Hit New Lows Amid Broad Market Gains

Nearly two dozen stocks have hit their 52-week lows as the broader market continues to climb. Among them are several household names, including McDonald's (MCD) and Las Vegas Sands (LVS). Despite these large-cap names hitting new lows, the S&P 500 has returned +5.7% over the last month.

The list of 18 stocks with a market value above $500 million includes companies from various industries, but Consumer Discretionary makes up the largest portion with 12 out of 18 names. Some of these companies show a stark contrast between their stock price and recent business performance. For example, Las Vegas Sands' revenue grew 18.1% over the last twelve months, while its free cash flow yield is 9.3%. This raises an important question: are these businesses broken or just on sale?

A 52-week-low list is a screen for dislocation, not a shopping list. It's essential to check the business first before making any investment decisions. The steepest one-month slide belongs to Universal Technical Institute (UTI), down 47.3%. This kind of move demands scrutiny.