Is Now the Time to Buy 3 of the S&P 500's Worst-Performing Stocks?

Summary of Key Points Core Viewpoint - The article highlights three S&P 500 stocks that have experienced significant declines this year, attracting the attention of bargain hunters. These stocks are Walgreens Boots Alliance, Boeing, and Intel, each facing unique challenges that have contributed to their poor performance. Group 1: Walgreens Boots Alliance - Walgreens Boots Alliance has seen a nearly 31% decline year-to-date and has lost two-thirds of its value over the past five years [2] - The company struggles with growth and has razor-thin margins, making profitability difficult [2] - A dividend cut was implemented to strengthen its financial position, and there are rumors of asset sales, including its Boots U.K. pharmacies [2] - The company incurred an operating loss of over $2 billion in the trailing 12 months, indicating ongoing challenges [3] Group 2: Boeing - Boeing's stock is down nearly 31% year-to-date, with safety concerns surrounding its planes contributing to its struggles [4] - The company has faced multiple issues, including the grounding of the Boeing 737 Max and recent incidents involving missing bolts on aircraft [4] - Trust in Boeing's ability to deliver quality planes is a significant concern, and management changes are anticipated [4] - Financially, Boeing has incurred operating losses in three of the past four quarters, with a revenue decline of 8% to $16.6 billion in the first quarter of 2024 [5] Group 3: Intel - Intel is the worst-performing stock in the S&P 500, down 38% year-to-date, despite positioning itself as a key player in next-gen chipmaking [6] - The company's foundry revenue declined by 10% year-over-year to $4.4 billion, with a loss of $2.5 billion in that segment [6] - There is skepticism among investors regarding Intel's ability to compete in the chip market, but government support of up to $8.5 billion in grants and $11 billion in loans may provide a potential upside [7]