Is It Time to Buy the Dow Jones' 3 Worst-Performing Stocks This Year?
Although the Dow Jones Industrial Average and the S&P 500 frequently track each other fairly closely over long periods of time, individual years can see significant differences in performance.
This is one of those years. Whereas the S&P 500 is in bear market territory, with a 20% loss in 2022, the Dow 30 has only lost half that amount.
That still means they're in market correction territory, but it wouldn't be as bad if the index's technology components weren't present.
Two-thirds of the Dow Jones' three worst stocks are also tech stocks. Let's see which, if any, are worth purchasing today.
Salesforce
01.
Salesforce (CRM -2.45%) has performed so poorly this year that activist hedge fund Starboard Value has taken a "significant" but undisclosed stake in the stock.
Nike
02.
Nike (NKE 0.11%), the non-tech stock on this list, has lost 44% this year and is the Dow's second-worst performer.
Intel
03.
Intel (INTC -0.11%) may be rising as a result of its own disappointing earnings results as well as those of Advanced Micro Devices (AMD 2.52%),
which lowered its revenue forecast for the third quarter due to a significant weakening in the PC market.