Not An Everything Rally: 2024's Worst S&P 500 Stocks So Far From Boeing To Intel – Forbes

Drugstore chains Walgreens Walgreens was the worst-performing member of the S&P 500 index, a benchmark that measures the stock prices of the 500 largest publicly traded U.S. companies, in the first half of the year, with its shares halving to their lowest level since the mid-1990s. Analysts are expecting Walgreens’ full-year profit to be its worst since 2013, and the plunge coincided with the company’s plans to close up to a quarter of its stores.

LululemonLuxury sportswear retailer Lululemon is the second-worst performing stock in the S&P 500 so far this year. Excluding the January 2021 period that was hit by the coronavirus pandemic, analysts expect Lululemon to post its worst annual sales growth since going public in 2007.

Intel, The S&P’s third-worst performing stock is perhaps the most surprising loser, given that rival Nvidia and other silicon chip companies have been among the best-returning investments during this year’s AI boom. Meanwhile, Intel shares are the victim of a long-term downturn in its business fueled by growing competition, leading some analysts to say it is “a big hit.” declare Intel is a “bankrupt company.”

Intel’s first-quarter earnings before interest, taxes, depreciation and amortization of $1.8 billion was its second-worst first-quarter figure since at least 2000, improving from last year’s EBITDA of $962 million but down 82% from the $10.3 billion in the first quarter of 2020. For comparison, Nvidia’s spring-quarter net income grew from $1.1 billion to $17.3 billion from 2020 to 2024.

Boeing, The stock, which is the 10th lowest-performing stock in the S&P, is by no means a shocking drop. The aerospace company Several Civilian aircraft malfunction leads to Department of Justice investigationCongressional Hearings Concentrated Boeing has been frustrating investors this spring after struggling to post its worst quarterly profit in eight quarters and its fifth straight annual loss.

2024 has been far from a perfect year for entertainment giant stocks. Warner Bros. Discovery and Paramount Globalwere the fifth and 12th biggest fallers, respectively, on the S&P. HBO’s parent company WBD and CBS’ parent company Paramount are both plagued by shaky balance sheets, with first-quarter net losses of $966 million and $563 million, respectively, far surpassing the $2.2 billion net profit of Netflix, Wall Street’s Hollywood darling.

Similar negative headlines have led to the downfall of entertainment conglomerates and WBD Be expected Due to the loss of NBA rights Ten% Following a one-day stock crash on April 30, Paramount’s shares plummeted 8% on June 11 after negotiations for a sale to Skydance Media, run by David Ellison, the son of billionaire Larry Ellison, concluded.