This Day On The Street
Continue to site
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

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

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 - Get Report) 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 - Get Report), down 41%, the second-worst performance in the S&P 500 in the quarter, and upscale clothier and retailer Abercrombie & Fitch (ANF - Get Report), 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ANF $26.73 -2.27%
FSLR $55.84 -2.07%
FOSL $40.50 -0.17%
JCP $9.28 -3.93%
NFLX $90.03 -0.28%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs