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Aug. 31, 2022, 3:24 p.m. EDT

Here are the worst (and best) performing stocks of August and for 2022

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By Philip van Doorn

After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August.

Here’s the damage:

Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
S&P 500 /zigman2/quotes/210599714/realtime SPX -3.5% -16.4% 26.9%
Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -3.2% -12.5% 18.7%
Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -4.1% -24.0% 21.4%
Nasdaq-100 Index /zigman2/quotes/210598364/realtime NDX -4.7% -24.4% 26.6%
Source: FactSet

All price changes in this article exclude dividends.

The S&P 500’s /zigman2/quotes/210599714/realtime SPX -0.03% market capitalization has declined by $6.76 trillion this year to $33.59 trillion. Market caps for the largest five companies in the benchmark index (Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.96% , Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -0.04% , Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN -0.76% , Tesla Inc. /zigman2/quotes/203558040/lastsale TSLA -0.19% and Alphabet Inc. /zigman2/quotes/205453964/composite GOOG -1.23% /zigman2/quotes/202490156/lastsale GOOGL -1.02% ) have dropped by a combined $1.95 trillion.

Here’s how the 11 sectors of the S&P 500 have performed during August and for 2022 so far. Forward price-to-earnings ratios are also included for three dates, based on rolling forward 12-month earnings-per-share estimates among analysts polled by FactSet:

Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 Forward P/E Forward P/E – July 29 Forward P/E – Dec. 31
Energy 3.2% 46.1% 47.7% 9.2 8.7 11.0
Utilities 0.8% 4.1% 14.0% 20.7 20.3 20.8
Consumer Staples -1.3% -5.1% 15.6% 20.7 20.9 21.8
Financials -1.3% -15.0% 32.5% 11.8 12.0 14.7
Industrials -2.2% -11.7% 19.4% 17.3 17.7 20.6
Materials -2.5% -15.9% 25.0% 13.7 13.8 17.0
Consumer Discretionary -3.7% -23.4% 23.7% 27.2 28.3 33.0
Communication Services -4.2% -31.0% 20.5% 15.8 16.2 20.9
Health Care -5.3% -11.2% 24.2% 15.7 16.5 17.2
Information Technology -5.3% -21.9% 33.4% 21.3 22.1 28.1
Real Estate -5.4% -19.2% 42.5% 18.5 19.4 24.2
S&P 500 -3.5% -16.4% 26.9% 17.2 17.6 21.5
Source: FactSet

The energy sector has been strongest during August, rising 3.2%, even as continuous front-month contract prices for West Texas Intermediate crude /zigman2/quotes/209723049/delayed CL00 -1.78% oil declined 7% from the end of July to $91.64 on Aug. 30. This sector remains the cheapest on a forward P/E basis.

While oil prices pulled back in August, the U.S. energy industry had a banner second-quarter earnings season. Looking further ahead, those results led to a 12% increase in the S&P 500 energy sector’s consensus earnings-per-share estimate for 2023.

Year-to-date, the communications services sector has been the worst performer. Bear in mind that several of this sector’s worst stocks of 2022 are actually tech-oriented, including Netflix Inc. /zigman2/quotes/202353025/composite NFLX -2.04% , the biggest loser among the S&P 500 this year with a 63% decline through Aug. 30. The communications sector also includes Meta Platforms Inc. /zigman2/quotes/205064656/composite META -0.74% (Facebook’s holding company), whose stock has fallen 53% this year, and Match Group Inc. /zigman2/quotes/207178501/composite MTCH -2.07% , down 57% for 2022, including a 23% decline in August.

Within the information technology sector, two of this year’s worst performers have been PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL -0.83% , down 51%, and Nvidia Corp. /zigman2/quotes/200467500/composite NVDA -1.51% , which is down 47%. Nvidia is the largest semiconductor company in the S&P 500, with a market cap of $386.7 billion. The company’s value has declined by an astounding 348.6 billion this year.

Citigroup analyst Christopher Danley warned on Tuesday that semiconductor stocks could drop another 25% as they enter “the worst downturn in a decade.”

The S&P 500’s worst and best performers

Here are four lists of the S&P 500’s worst and best performers for August and for 2022:

Worst-performing S&P 500 stocks in August

Company Ticker Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021
SolarEdge Technologies Inc. /zigman2/quotes/207754270/composite SEDG -23.5% -1.8% -12.1%
Match Group Inc. /zigman2/quotes/207178501/composite MTCH -23.0% -57.3% -12.5%
Ball Corp. /zigman2/quotes/209031515/composite BALL -22.6% -41.0% 3.3%
DXC Technology Co. /zigman2/quotes/200279350/composite DXC -22.4% -23.9% 25.0%
Catalent Inc. /zigman2/quotes/206700489/composite CTLT -21.1% -30.3% 23.0%
Charles River Laboratories International Inc. /zigman2/quotes/203944031/composite CRL -18.0% -45.5% 50.8%
Fortinet Inc. /zigman2/quotes/205733290/composite FTNT -17.8% -31.8% 142.0%
Waters Corp. /zigman2/quotes/205633949/composite WAT -17.8% -19.6% 50.6%
Generac Holdings Inc. /zigman2/quotes/208144117/composite GNRC -17.3% -36.9% 54.8%
Moderna Inc. /zigman2/quotes/205619834/composite MRNA -17.2% -46.5% 143.1%
Source: FactSet

Click on the tickers for more about each company. You should also read  Tomi Kilgore’s detailed guide to the wealth of information available for free on MarketWatch quote pages.

/zigman2/quotes/210599714/realtime
US : S&P US
4,026.12
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,347.03
+152.97 +0.45%
Volume: 0.00
Nov. 25, 2022 2:32p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,226.36
-58.96 -0.52%
Volume: 2.23B
Nov. 25, 2022 4:30p
loading...
/zigman2/quotes/210598364/realtime
US : Nasdaq
11,756.03
-82.68 -0.70%
Volume: 391,804
Nov. 25, 2022 4:14p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,026.12
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 148.11
-2.96 -1.96%
Volume: 35.20M
Nov. 25, 2022 1:00p
P/E Ratio
24.27
Dividend Yield
0.62%
Market Cap
$2403.24 billion
Rev. per Employee
$2.40M
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 247.49
-0.09 -0.04%
Volume: 9.20M
Nov. 25, 2022 1:00p
P/E Ratio
26.67
Dividend Yield
1.10%
Market Cap
$1845.58 billion
Rev. per Employee
$918,891
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 93.41
-0.72 -0.76%
Volume: 35.09M
Nov. 25, 2022 1:00p
P/E Ratio
85.78
Dividend Yield
N/A
Market Cap
$960.28 billion
Rev. per Employee
$312,308
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/zigman2/quotes/203558040/lastsale
US : U.S.: Nasdaq
$ 182.86
-0.34 -0.19%
Volume: 50.67M
Nov. 25, 2022 1:00p
P/E Ratio
56.50
Dividend Yield
N/A
Market Cap
$578.50 billion
Rev. per Employee
$753,983
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 97.60
-1.22 -1.23%
Volume: 8.57M
Nov. 25, 2022 1:00p
P/E Ratio
19.64
Dividend Yield
N/A
Market Cap
$1276.56 billion
Rev. per Employee
$1.79M
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/zigman2/quotes/202490156/lastsale
US : U.S.: Nasdaq
$ 97.46
-1.00 -1.02%
Volume: 9.70M
Nov. 25, 2022 1:00p
P/E Ratio
19.61
Dividend Yield
N/A
Market Cap
$1276.56 billion
Rev. per Employee
$1.79M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 76.55
-1.39 -1.78%
Volume: 250,830
Nov. 25, 2022 1:44p
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/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 285.54
-5.96 -2.04%
Volume: 3.24M
Nov. 25, 2022 1:00p
P/E Ratio
25.57
Dividend Yield
N/A
Market Cap
$129.72 billion
Rev. per Employee
$2.79M
loading...
/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 111.41
-0.83 -0.74%
Volume: 12.01M
Nov. 25, 2022 1:00p
P/E Ratio
10.61
Dividend Yield
N/A
Market Cap
$297.62 billion
Rev. per Employee
$1.64M
loading...
/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 47.27
-1.00 -2.07%
Volume: 883,505
Nov. 25, 2022 1:00p
P/E Ratio
147.67
Dividend Yield
N/A
Market Cap
$13.48 billion
Rev. per Employee
$1.26M
loading...
/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 80.08
-0.67 -0.83%
Volume: 4.63M
Nov. 25, 2022 1:00p
P/E Ratio
40.72
Dividend Yield
N/A
Market Cap
$92.06 billion
Rev. per Employee
$865,405
loading...
/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 162.70
-2.49 -1.51%
Volume: 16.79M
Nov. 25, 2022 1:00p
P/E Ratio
69.22
Dividend Yield
0.10%
Market Cap
$411.32 billion
Rev. per Employee
$1.27M
loading...
/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 301.91
-4.34 -1.42%
Volume: 456,697
Nov. 25, 2022 1:00p
P/E Ratio
148.97
Dividend Yield
N/A
Market Cap
$17.12 billion
Rev. per Employee
$699,165
loading...
/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 47.27
-1.00 -2.07%
Volume: 883,505
Nov. 25, 2022 1:00p
P/E Ratio
147.67
Dividend Yield
N/A
Market Cap
$13.48 billion
Rev. per Employee
$1.26M
loading...
/zigman2/quotes/209031515/composite
US : U.S.: NYSE
$ 56.17
+0.05 +0.09%
Volume: 526,913
Nov. 25, 2022 3:30p
P/E Ratio
18.97
Dividend Yield
1.42%
Market Cap
$17.62 billion
Rev. per Employee
$637,202
loading...
/zigman2/quotes/200279350/composite
US : U.S.: NYSE
$ 29.68
+0.07 +0.24%
Volume: 514,644
Nov. 25, 2022 1:10p
P/E Ratio
9.67
Dividend Yield
0.00%
Market Cap
$6.81 billion
Rev. per Employee
$118,231
loading...
/zigman2/quotes/206700489/composite
US : U.S.: NYSE
$ 41.39
-0.79 -1.87%
Volume: 760,715
Nov. 25, 2022 1:10p
P/E Ratio
17.71
Dividend Yield
N/A
Market Cap
$7.59 billion
Rev. per Employee
$253,947
loading...
/zigman2/quotes/203944031/composite
US : U.S.: NYSE
$ 242.92
+1.84 +0.76%
Volume: 124,509
Nov. 25, 2022 3:30p
P/E Ratio
28.60
Dividend Yield
N/A
Market Cap
$12.27 billion
Rev. per Employee
$189,063
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/zigman2/quotes/205733290/composite
US : U.S.: Nasdaq
$ 52.91
-0.44 -0.82%
Volume: 2.12M
Nov. 25, 2022 1:00p
P/E Ratio
58.07
Dividend Yield
N/A
Market Cap
$41.68 billion
Rev. per Employee
$401,962
loading...
/zigman2/quotes/205633949/composite
US : U.S.: NYSE
$ 338.03
+3.46 +1.03%
Volume: 86,165
Nov. 25, 2022 3:30p
P/E Ratio
29.49
Dividend Yield
N/A
Market Cap
$19.88 billion
Rev. per Employee
$378,192
loading...
/zigman2/quotes/208144117/composite
US : U.S.: NYSE
$ 105.25
-1.77 -1.65%
Volume: 864,433
Nov. 25, 2022 1:10p
P/E Ratio
15.85
Dividend Yield
N/A
Market Cap
$6.78 billion
Rev. per Employee
$480,354
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 176.40
-0.41 -0.23%
Volume: 1.22M
Nov. 25, 2022 1:00p
P/E Ratio
6.38
Dividend Yield
N/A
Market Cap
$67.93 billion
Rev. per Employee
$7.86M
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