25 stocks, including Tesla and Nvidia, that are down 30% or more from 52-week highs

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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 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 15% (excluding dividends) for 2021 through 11:15 a.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 ) and the Nasdaq-100 Index (tracked by the Invesco QQQ Trust ) 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.

Here are the 25 stocks in the S&P 500 or the Nasdaq-100 that have fallen at least 30% from their 52-week intraday highs:

Company Price – 11:15 a.m. ET on July 19 Decline from 52-week high 52-week high Date of 52-week high
Moderna Inc.  $301.34 -65.9% $306.00 07/19/2021
Applied Materials Inc.   $127.00 -40.9% $146.00 04/05/2021
ASML Holding NV ADR  $680.60 -32.5% $723.01 07/14/2021
Baidu Inc. Sponsored ADR Class A   $175.35 -39.1% $354.82 02/22/2021
Biogen Inc.   $324.56 -47.7% $468.55 06/07/2021
Carnival Corp.   $19.75 -37.3% $31.52 06/08/2021
Citrix Systems Inc.   $114.83 -33.8% $173.56 07/22/2020
Discovery Inc. Class A   $27.73 -64.5% $78.14 03/19/2021
Freeport-McMoRan Inc.   $32.09 -30.4% $46.10 05/10/2021
Fox Corp. Class B   $32.90 -31.5% $42.14 03/16/2021
Fox Corp. Class A   $34.85 -35.0% $44.80 03/16/2021
Alphabet Inc. Class C   $2,580.95 -34.1% $2,659.92 07/14/2021
Alphabet Inc. Class A  $2,485.13 -32.2% $2,586.53 07/14/2021
Illumina Inc.   $469.63 -33.4% $555.77 02/12/2021
Lam Research Corp.   $590.14 -29.9% $673.80 06/01/2021
Norwegian Cruise Line Holdings Ltd.   $21.90 -36.5% $34.49 03/04/2021
Nvidia Corp.   $757.77 -37.5% $835.00 07/07/2021
Penn National Gaming Inc.   $65.93 -53.6% $142.00 03/15/2021
Royal Caribbean Group   $69.67 -29.8% $99.24 02/25/2021
Tesla Inc.   $630.11 -30.0% $900.40 01/25/2021
United Airlines Holdings Inc.   $43.63 -31.5% $63.70 03/18/2021
ViacomCBS Inc. Class B   $40.13 -60.7% $101.97 03/15/2021
Vertex Pharmaceuticals Inc.   $198.91 -34.6% $304.00 07/20/2020
Walgreens Boots Alliance Inc.   $45.38 -30.1% $57.05 04/06/2021
Zoom Video Communications Inc. Class A   $348.22 -42.7% $588.84 10/19/2020
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.

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