Big losses are dominating the S&P 500 this year, with only a few standout performers. In contrast, 10 major companies including Intel (INTC), Nike (NKE), and Boeing (BA) lost $383.2 billion in market value. Analysts point to missing out on trends as the reason for these big losses.
Intel’s value plummeted by $117.1 billion, with shares dropping 56.3% this year due to its failure to capitalize on the AI boom. Its Relative Strength Rating is just 12, significantly lower than Nvidia (NVDA), which rose 193%. Similarly, Nike’s value decreased by $48.5 billion after missing out on the shoes trend in favor of Deckers (DECK) and On Holding (ONON).
Boeing’s losses are attributed to a bloated cost structure and poor quality control, with its shares falling 39% this year and its profit expected to drop 176%. Other notable losers include Adobe (-10.1%), CVS Health (-26.5%), United Parcel Service (-18.1%), Estee Lauder (-45.8%), Lululemon Athletica (-33.1%), Moderna (-58.1%), Humana (-37.1%), and CVS Health (-28.6%)
Source: https://www.investors.com/etfs-and-funds/sectors/sp500-investors-lose-billion-on-these-giant-losers-this-year