In a year of big losers, these 20 stocks took the worst of it
This has been the year of reckoning for Big Tech stocks — even those of companies that have continued to grow sales by double digits.First, here’s how the 11 sectors of the benchmark index have performed this year:
Looking at the worst-performing sectors, you might wonder why the consumer discretionary and communication services sectors have fared worse than information-technology, the core tech sector. One reason is that S&P Dow Jones Indices can surprise investors with its sector choices. The consumer discretionary sector includes Tesla Inc. TSLA, +1.35% and Amazon.com Inc. AMZN, -1.54%, which has fallen nearly 50% this year. The communications sector includes Meta Platforms Inc. META, -1.
You might also blame the Twitter-related antics and sales of Tesla shares by CEO Elon Musk for the 65% decline in the electric-vehicle maker’s stock this year. But Tesla had a forward price-to-earnings ratio of 120.3 at the end of 2021, while the S&P 500 SPX, -0.60% traded for 21.4 times its weighted forward earnings estimate, according to FactSet. Those P/E ratios have now declined to 21.7 and 16.4, respectively.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Pokémon TCG 2022 End-Of-Year List: Top Promo Cards Of 2022PokemonTCG 2022 End-of-Year List: Top Promo Cards of 2022! Will Charizard Special Art Rares make the list or will Eeveelutions dominate? Pokemon
Weiterlesen »
Pokémon TCG 2022 End-Of-Year List: Best Set Of 2022PokemonTCG 2022 End-of-Year List: What was the best set of 2022? Could it be the special Pokémon GO set or perhaps Silver Tempest? Pokemon
Weiterlesen »
Pokémon TCG 2022 End-Of-Year List: Best Products Of 2022PokemonTCG 2022 End-of-Year List: Best Products of 2022! Will it be the Radiant Eevee Premium Collection or Charizard UPC? Pokemon
Weiterlesen »
Pokémon TCG 2022 End-Of-Year List: Best Card of 2022PokemonTCG End-of-Year List: Best Card of 2022! Will it be the Giratina Alt from LostOrigin or the Charizard Alt Art from BrilliantStars? Pokemon
Weiterlesen »
Pokémon GO 2022 End-Of-Year List: Best & Worst Events of 2022With 2022 wrapping up, let's take a look back at the best and worst PokemonGO events of the year including Adventure Week, GO Fest, & more. Pokemon
Weiterlesen »
Phase Zero: Episode 2x51: 2022 MCU in Review: Most Marvelous Moments on Apple Podcasts2022 MCU in Review: the Most Marvelous Moments of the year. New PhaseZeroCB is available now! Download & subscribe-- Apple: Spotify: YouTube:
Weiterlesen »