S&P 500 Stocks Sinking to New Lows, Including McDonald's
The S&P 500 has returned +0.2% over the last month, but not all companies are faring equally well. Five stocks have hit their lowest prices in a year, with McDonald's (MCD) being the largest company on the list at $181.3 billion.
Lululemon Athletica (LULU) has seen the steepest one-month slide, down 19.3%, and now trades at 8.0 times trailing earnings. Its revenue grew 1.7% over the last twelve months, and it currently has a free cash flow yield of 11.9%. However, a low price is not an automatic buy signal.
A stock at its yearly low can indicate trouble or simply be a sign that the market has marked down the shares. According to Trefis, 'a list like this is a screen, not a recommendation.' A disciplined next step is always the same: investigate the fundamentals.