By Louis Navellier of InvestorPlace
NEW YORK ( TheStreet) -- After the stock market's antics in May, things appear to be on the mend in June with the broader market trending upwards. But even simple trading strategies such as long-term capital gains investing must acknowledge that a rising tide does not lift all boats.
Some stocks have been pushed down for a reason following the stock market's consolidation last month, and these picks need to be trimmed from your portfolio immediately. Don't overlook a telltale sign like soaring PE ratios or flagging earnings just because you think the bulls are back. Pull the trigger now before it's too late!
Out my entire Portfolio Grader database of 5,000 Wall Street investments, these are the 10 worst blue-chip stocks on the market right now. If you own shares, sell them immediately -- and if you're an options investor looking for a trading strategy, consider playing the downside on any one of these battered blue-chips.Aluminum Corp. of China (ACH). This company has been suffering, down about 25% year-to-date, as aluminum prices have been sagging -- including one seven-month stretch that saw a 60% decline in the metal's price. Baxter International (BAX). Baxter has been right on target with its earnings, but its lack of growth is the real problem. BAX stock has suffered at least three downgrades from Wall Street in the last three months. The blue-chip stock has lost 27% year-to- date with no bottom in sight. Charles Schwab (SCHW). If you ask Chuck about his earnings performance, you may get some hand-wringing and embarrassed excuses. SCHW has seen its earnings slump in each of the past four consecutive quarterly reports and that is not an encouraging trend. Charles Schwab is down about 16% year-to-date. ENI S.p.A (E). This Rome-based integrated energy company has had a whole lot of trouble making its earnings move in a positive direction, missing the market in two of its last three reports by as much as 23%. Throw in eurozone debt fears and you can understand why this Europe blue-chip is down 21% since Jan. 1.
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