Now that investors have suffered through October, it’s a good time to assess the stock-price action and decide whether it’s worth buying shares on the cheap.
The S&P 500 Index SPX, +1.06% declined 6.8% in October, including reinvested dividends, led by the consumer-discretionary sector, which was down 11.3%. That sector includes Amazon.com AMZN, +4.23% which slumped 20% in October, and Netflix NFLX, +5.17% which dropped 19%.
On Oct. 16, there was a tremendous response from MarketWatch readers to this story listing stocks that were down at least 50% from their all-time highs (adjusted for spin-offs and splits). One remarkable fact was that at that time, exactly half of S&P 500 stocks were down at least 20% from their all-time highs, showing that “it’s a market of stocks, not a stock market,” according to John Buckingham, editor of The Prudent Speculator.
Technically oriented investors and traders typically include 52-week highs, 52-week lows and moving average in their analyses. After the October rout, it might be useful to see which stocks are near their lows. Here are the 33 S&P 500 stocks within 5% of their 52-week intraday lows, as of 10:35 a.m. ET on Nov. 1.
