Oil prices have jumped 51% year to date, and gasoline averages $4.24 a gallon, up 47% from a year ago. Energy stocks have benefited.

The list includes Exxon Mobil. J.P. Morgan also cited Russia-Ukraine underperformers, a list that includes PepsiCo.

CNBC filtered S&P 500 non-financial companies, choosing those with a forward price-earnings ratio at least 20% lower than their five-year average.

Let's look at some stocks with a bearish outlook in 2021 including work-from-home names, homebuilders, gold and energy names.

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week.