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With the first half of 2019 history and the Fourth of July holiday now here, it’s time to take stock of how stocks have fared so far.
Here’s a look at the five companies with the worst-performing stocks in the S&P 500 this year through the first half, which ended last week. These stocks have been down in the dumps even as the benchmark index has gained 16.5% through June, while the Dow Jones Industrial Average rose 13.9% and the Nasdaq Composite added 20.1%. Check out the five best stocks so far this year here.
Nordstrom stock (JWN) fell 32.9% through June. Nordstrom is one of a number of retailers that have struggled this year, and that’s nothing new. The stock has been slipping consistently since the beginning of the year and took a hefty blow in late May as China and the U.S. took turns in an escalating tit-for-tat of tariffs.
Mylan stock (MYL) dropped 31.8% in the first half. Mylan took two hits this year. The first come after it reported fourth quarter earnings. The heftier one came in May, when another earnings report was followed by news of the company’s alleged involvement in what may be the largest price-fixing scheme among drug-makers in U.S. history. The drugmaker has disputed the allegations.
Gap stock (GPS) stock is down 30.2%. Gap stock declined with other retailers in May when China and the U.S. implemented a series of retaliatory tariffs that threatened to increase costs and dent profits. That decline accelerated even more after the release of disappointing first-quarter results.
Macy’s stock (M) fell 30.2% in the first half of 2019. It was among the hardest hit retailers in the industry’s e-commerce shake-up. The stock slid hard in January following disappointing holiday sales, dropping 12% in just one month. Shares never recovered, and have been trending down ever since.
Kohl’s stock (KSS) is down 29.9% this year. Kohl’s stock traded pretty evenly during the first three months of the year, and was even trending higher in March and April when the department store delivered an upbeat fourth-quarter earnings report. Those gains, however, were erased when lower-than-expected first-quarter earnings sent the shares off a cliff in May.
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