Bank of America reports that the classic 60-40 portfolio of stocks and bonds has lost 34 percent of its value since its 52-week high this year. Moreover, established businesses perform at levels not seen for 100 years, the worst since 1918. One of the most significant trading opportunities in a decade. Market news, not financial advice.
Listed below are 15 Blue Chip stocks that have declined over 50% in the past year.
1. Verizon and AT&T:
Telecom wasn’t expected to make a list, but Verizon is currently at 35 per share, down from its all-time high of 62$. The AT&T share price is currently trading at 17 per share, down from its all-time high of $44 per share in 1999 and its most recent high of 32 dollars.
2. Disney:
Recently, the stock was trading at around 90 dollars per share, compared to its all-time high of 197 dollars. As a point of comparison, Disney sold approximately 90 in 2014, down 49 one year later.
3. Meta:
A share currently trades for 130, down 65 from its all-time high of 380.
- Facebook’s core user audience is older and tends to see the metaverse as a novelty, so they might have made their metaverse bet too early.
- A hostile takeover by Apple has crushed its advertising model and resulted in a massive loss of Mark Zuckerberg’s net worth after a hostile takeover by Apple.
The company’s Facebook, Instagram, WhatsApp, and Quest divisions have plenty of talent and value.
4. Black Rock
BlackRock owns everything, and the entire world economy is worth 100 trillion dollars. There are 100 trillion dollars in the world; all the products, all the labor, everything is 100 trillion dollars.
BlackRock has over 10 trillion dollars in assets under management and owns shares in every country. In addition to lending money to governments, BlackRock manages the wealth of the wealthy.
5. Starbucks
If you like pumpkin spice lattes, here’s your chance to own the company that sells them. This is the only stock on the list not trading at under 50 percent of its all-time high price, trading at 85 dollars per share compared to $126 at its all-time high.
It is important to note that Starbucks offers a consistent experience worldwide, but there’s also a valid point about consumer behavior.
6. Masterworks:
A painting sold by Masterworks in October brought a phenomenal 21.5 percent return. If you had invested 15K, you would have walked away with more than $18K six out of seven times. A Masterworks exit has delivered over 20 net returns in 30-50 percent declines.
7. Airbnb
Airbnb is currently trading at $112, down 47 percent from its all-time high of 212. Historically, we have been big fans of disruptors like Airbnb, whose founder Brian Chesky recently visited us.
Having invested in the company and having properties monetized through Airbnb, Airbnb holds a special place in our hearts. Whether Airbnb or Google can create a nifty travel app will depend on how they develop their product.
8. Adobe:
As of last month, Adobe was trading at $318 per share, down 53 percent from its all-time high of 688 dollars per share. Three years ago, Adobe was changing this slowly, and we still trust it will dominate the space, especially among professionals, even with AI design tools taking over the area.
9. Intel
When you look at the numbers, Intel is a bit of a surprise. Their revenue is up 20, but there’s a report they’re having problems with their chip. Even though Apple is moving away from Intel chips, the company is set to be sustainably profitable. The company plans on laying off approximately 12 000 workers.
10. PayPal
Paypal is trading at 87 times-high 308, down 71 percent. Interestingly, it brought in 25 billion dollars last year, making it very profitable. Despite that, it is being obliterated by the market for gross concerns, not to mention that they were caught again sneaking in a hidden tax of $25,000!
11. 3M
Currently, its stock is trading at 122 dollars a share. Due to its B2B strategy, 3M was among the most successful companies in the U.S. during the pandemic. Despite the military drama, this company brings in 35 billion dollars and generates almost 6 billion net income. Even with all the military drama, they’re in good shape.
12. Shopify
Shares of Shopify are trading at $35, down 80 percent from their all-time high of $169. They account for 10% of U.S. e-commerce sales. In 2022, Shopify lost 1.2 billion in the third quarter. Shopify did it because Amazon wanted to introduce a similar product called buy with prime; they now close down warehouses, indicating they aren’t the threat they thought they were.
13. Atlassian:
Trading at 198 dollars, an all-time share high of 458 dollars, a share down 56, Atlassian gives us JJRA, Trello, and Confluence.
As does everyone else who is serious about Trello, Atlassian pays a lot each month. Strangely, the stock of the company is dumping despite doing well. In the B2B SAS Solutions market, revenue will shy $3 billion this year.
14. Nvidia
Two narratives were driving Nvidia’s rally; crypto mining and metaverse. At 131 dollars a share, the stock is down 60 percent from its high. As a result, the market dumped the chipmaker’s stock because it felt it was in trouble. The AI space will be dominated by Nvidia as China hoards resources.
15. Block:
The stock is currently at an all-time high of 276 dollars a share. When you pay with your phone at the checkout desk at random stores, most of them use Square Hardware, formerly known as Square.
In the short term, the company expects to return over 70 percent to investors, which is why we believe this stock is a good investment.
16. Peloton
Trades at 7.81 cents per share all-time high of 162 dollars a share, down 95 cents. The exciting thing about Peloton is that it didn’t die even though the stock was overvalued, and it wasn’t a Blue Chip Pick.
Even though the company loses money, revenues are still substantial, so other things caught attention.
Conclusion:
Not all is doom and gloom these days. Investors can find some great opportunities if they know where to look. If you’re on the hunt for a bargain, remember to consider stocks that have been down 50% or more. These 15 premium stocks are a great place to start your search.
