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

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
SPX
-3.5%

-16.4%

26.9%

Dow Jones Industrial Average
DJIA
-3.2%

-12.5%

18.7%

Nasdaq Composite Index
COMP
-4.1%

-24.0%

21.4%

Nasdaq-100 Index
NDX
-4.7%

-24.4%

26.6%

Source: FactSet

All price changes in this article exclude dividends.

The S&P 500’s
SPX
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.
AAPL,
Microsoft Corp.
MSFT,
Amazon.com Inc.
AMZN,
Tesla Inc.
TSLA
and Alphabet Inc.
GOOG

GOOGL
) 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
CL00
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.
NFLX,
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.
META
(Facebook’s holding company), whose stock has fallen 53% this year, and Match Group Inc.
MTCH,
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.
PYPL,
down 51%, and Nvidia Corp.
NVDA,
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.

SEDG -23.5%

-1.8%

-12.1%

Match Group Inc.

MTCH -23.0%

-57.3%

-12.5%

Ball Corp.

BALL -22.6%

-41.0%

3.3%

DXC Technology Co.

DXC -22.4%

-23.9%

25.0%

Catalent Inc.

CTLT -21.1%

-30.3%

23.0%

Charles River Laboratories International Inc.

CRL -18.0%

-45.5%

50.8%

Fortinet Inc.

FTNT -17.8%

-31.8%

142.0%

Waters Corp.

WAT -17.8%

-19.6%

50.6%

Generac Holdings Inc.

GNRC -17.3%

-36.9%

54.8%

Moderna Inc.

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.

Best-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

EPAM Systems Inc.

EPAM 21.6%

-36.5%

86.5%

Constellation Energy Corp.

CEG 20.6%

N/A

N/A

Cardinal Health Inc.

CAH 17.3%

35.6%

-3.9%

Nielsen Holdings Plc

NLSN 16.3%

35.8%

-1.7%

AES Corp.

AES 14.5%

4.7%

3.4%

ConocoPhillips

COP 13.4%

53.1%

80.5%

Devon Energy Corp.

DVN 13.1%

61.4%

178.6%

Principal Financial Group Inc.

PFG 12.5%

4.1%

45.8%

Albemarle Corp.

ALB 11.6%

16.7%

58.5%

CF Industries Holdings Inc.

CF 11.0%

49.8%

82.8%

Source: FactSet

Constellation Energy Corp.
CEG
was split off from Elexon Corp.
EXC
in January.

Worst-performing S&P 500 stocks of 2022

Company

Ticker

Price change – July 29 through Aug. 30

Price change – 2022 through Aug. 30

Price change – 2021

Netflix Inc.

NFLX -1.9%

-63.4%

11.4%

Align Technology Inc.

ALGN -12.2%

-62.5%

23.0%

Match Group Inc.

MTCH -23.0%

-57.3%

-12.5%

Caesars Entertainment Inc.

CZR -5.4%

-53.8%

25.9%

Meta Platforms Inc. Class A

META -1.2%

-53.3%

23.1%

Stanley Black & Decker Inc.

SWK -8.5%

-52.8%

5.6%

Etsy Inc.

ETSY 2.0%

-51.7%

23.1%

Carnival Corp.

CCL 7.8%

-51.4%

-7.1%

PayPal Holdings Inc.

PYPL 6.1%

-51.3%

-19.5%

Zebra Technologies Corp. Class A

ZBRA -15.3%

-49.1%

54.9%

Source: FactSet

Best-performing S&P 500 stocks of 2022

Company

Ticker

Price change – July 29 through Aug. 30

Price change – 2022 through Aug. 30

Price change – 2021

Occidental Petroleum Corp.

OXY 9.5%

148.4%

67.5%

Hess Corp.

HES 8.6%

65.0%

40.2%

Devon Energy Corp.

DVN 13.1%

61.4%

178.6%

Coterra Energy Inc.

CTRA -0.6%

60.0%

16.7%

Marathon Petroleum Corp.

MPC 10.7%

58.6%

54.7%

Exxon Mobil Corp.

XOM -0.6%

57.4%

48.4%

Valero Energy Corp.

VLO 6.6%

57.1%

32.8%

Enphase Energy Inc.

ENPH 0.6%

56.2%

4.3%

Marathon Oil Corp.

MRO 3.1%

55.8%

146.2%

ConocoPhillips

COP 13.4%

53.1%

80.5%

Source: FactSet

Under the leadership of CEO Warren Buffett, Berkshire Hathaway Inc.
BRK
has loaded up on shares of Occidental Petroleum Corp. this year. Here’s a look at the investment moves Berkshire made during the second quarter.

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

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