This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Worst-Performing S&P 500 Stocks in the Second Quarter

Stocks in this article: ANRFOSLNFLXANFGNWFSLRJCPXPCSR

BOSTON ( TheStreet) -- Investor confidence in the equities market was eroded in the second quarter as Americans shifted out of stocks and in to the relative safety of fixed-income investments.

That resulted in a 5.5% tumble for the S&P 500 in the period, on the heels of a 12% first-quarter gain.

It's not just the conundrum that is the European sovereign debt crisis that worries investors, it's also the struggling domestic economy, the outcome of health-care reform and the nation's ultimate direction, given that it's a presidential election year.

And the outlook for stock investors isn't likely to be clarified any time soon. "Investors continue to confront the paradox of a three-year-old subpar U.S. economic recovery that is generating record levels of quarterly corporate earnings, but is producing extremely low levels of investor confidence," say S&P Capital IQ analysts. "As a result of the low growth, the U.S. economy is more vulnerable than normal to external negative influences."

The energy sector is the biggest loser in the second quarter, down almost 12%. Financials are down about 8%, with the industrials, materials and information technology industries not far behind, all with declines of just over 7% in the period.

Two energy industry companies turned in some of the worst performances in the second quarter, although they're at different ends of the spectrum when it comes to power generation.

The biggest loser in the S&P 500 in the quarter is coal miner Alpha Natural Resources (ANR), down 46%. Investors bailed out of its shares, knowing that there is a huge supply of coal on hand at utility power stations after a mild winter. Longer term, it is clear that natural gas, which is at record low prices now, is increasingly going to be replacing coal as an energy source for utilities.


Shares of solar power module maker First Solar (FSLR) declined 37%, as concerns rose over its viability and the profitability of its business line due to increased competition from China and decreasing government subsidies for solar energy products.

High-end retailers have also been hurt by Europe's economic weakness as they've seen a decline in demand due in part to high unemployment and the slipping value of the euro.

Losers include quirky fashion accessories seller Fossil (FOSL), down 41%, the second-worst performance in the S&P 500 in the quarter, and upscale clothier and retailer Abercrombie & Fitch (ANF), down 38%.

Here are the 10 worst-performing stocks in the S&P 500 in the second quarter, ranked from least to worst share-price decline:

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.39 +216.07 1.31%
S&P 500 1,950.30 +23.19 1.20%
NASDAQ 4,448.4560 +65.6090 1.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs