S&P 500 Stocks Hit New Lows Despite Market Gains
The S&P 500 has returned +1.7% over the last month, but despite this, 17 stocks are trading at their 52-week lows. The largest company on the list is T-Mobile US (TMUS), with a market value of about $178.8 billion.
Some big consumer names are included in the list, such as PepsiCo (PEP) and McDonald's (MCD). These companies may be fundamentally impaired or their stocks simply marked down.
The presence of large established companies on the list raises questions about value versus damage. The disciplined move is to investigate the business fundamentals behind the stock price.