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

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You would think that with the major stock indexes doing so well in 2021, after what may have been surprising gains in 2020, investors would be in a very good mood.

But check out this July 19 Twitter post:

Tobias Carlisle was referring to CNN’s Fear & Greed Index which fell to 17 later on the morning of July 19. The index incorporates momentum, junk-bond demand, stock market volatility, option trading patterns and other metrics.

The S&P 500 SPX index,
-1.90%
was up 15% (excluding dividends) for 2021 until 11:15 am ET on July 19, after gaining 16% in 2020. The benchmark was only 3% down from its record high intraday set May 10, but there are many stocks that have seen much larger declines.

To research them, we started with the S&P 500 (followed by the SPDR S&P 500 ETF Trust SPY,
-1.88%
) and the Nasdaq-100 NDX index,
-1.27%
(followed by the Invesco QQQ Trust QQQ,
-1.25%
) and identified stocks that were down 30% or more from their 52-week intraday highs.

Some investors looking for good entry points may use the list, but keep in mind that it only looks back a year and doesn’t say anything about a stock’s rise or fall before.

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

Company

 Price – 11:15 a.m. ET July 19

 Decreased from 52 week high

 52 week peak

 Date of 52 week high

ARNM from Moderna Inc.,
+ 7.27%

$ 301.34

-65.9%

$ 306.00

07/19/2021

Applied Materials Inc. AMAT,
-0.69%

$ 127.00

-40.9%

$ 146.00

05/04/2021

ASML Holding SA ADR ASML,
-1.37%

$ 680.60

-32.5%

$ 723.01

07/14/21

Baidu Inc. Sponsored ADR Class A BIDU,
-2.00%

$ 175.35

-39.1%

$ 354.82

02/22/2021

Biogen Inc. BIIB,
-0.41%

$ 324.56

-47.7%

$ 468.55

07/06/2021

Carnival Corp. CCL,
-5.31%

$ 19.75

-37.3%

$ 31.52

08/06/2021

Citrix Systems Inc. CTXS,
-2.19%

$ 114.83

-33.8%

$ 173.56

07/22/2020

Discovery Inc. Class A DISCA,
-1.14%

$ 27.73

-64.5%

$ 78.14

03/19/2021

Freeport-McMoRan Inc. FCX,
-3.12%

$ 32.09

-30.4%

$ 46.10

05/10/2021

Fox Corp. Class B FOX,
-1.53%

$ 32.90

-31.5%

$ 42.14

03/16/2021

Fox Corp. Class A FOXA,
-1.05%

$ 34.85

-35.0%

$ 44.80

03/16/2021

Alphabet Inc. Class C GOOG,
-2.08%

$ 2,580.95

-34.1%

$ 2,659.92

07/14/21

Alphabet Inc. Class A GOOGL,
-2.08%

$ 2,485.13

-32.2%

$ 2,586.53

07/14/21

Illumina Inc. ILMN,
+1.27%

$ 469.63

-33.4%

$ 555.77

12/02/2021

Lam Research Corp. LRCX,
-1.00%

$ 590.14

-29.9%

$ 673.80

06/01/2021

Norwegian Cruise Line Holdings Ltd. NCLH,
-5.34%

$ 21.90

-36.5%

$ 34.49

04/03/2021

Nvidia Corp. NVDA,
+ 3.33%

$ 757.77

-37.5%

$ 835.00

07/07/2021

Penn National Gaming Inc. PENN,
+ 0.20%

$ 65.93

-53.6%

$ 142.00

03/15/2021

Royal Caribbean Group RCL,
-3.74%

$ 69.67

-29.8%

$ 99.24

02/25/2021

Tesla Inc. TSLA,
-1.10%

$ 630.11

-30.0%

$ 900.40

01/25/2021

United Airlines Holdings Inc. UAL,
-5.17%

$ 43.63

-31.5%

$ 63.70

03/18/21

ViacomCBS Inc. Class B VIAC,
-1.69%

$ 40.13

-60.7%

$ 101.97

03/15/2021

Vertex Pharmaceuticals Inc. VRTX,
-1.68%

$ 198.91

-34.6%

$ 304.00

07/20/2020

Walgreens Boots Alliance Inc. WBA,
-1.63%

$ 45.38

-30.1%

$ 57.05

06/04/2021

Zoom Video Communications Inc. Class A ZM,
-4.27%

$ 348.22

-42.7%

$ 588.84

19/10/2020

Source: FactSet

52 week highs are adjusted by FactSet for any spin-offs or spin-offs.

You can click on the tickers to find out more about each company. Remember that a few data points are not enough to select a stock to invest. It’s best to do your own research to make up your own mind about the prospects for a business in its industry.

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