U.S. equity markets have rebounded after a challenging 2022, with the Dow Jones Industrial Average having risen by 4.4% after dropping by 8.8% in 2022.

But there have been laggards. Walgreens Boots Alliance (NASDAQ: WBA), Nike (NYSE: NKE), and 3M (NYSE: MMM) have lost about 43%, 22%, and 19%, respectively, since the start of 2023. That makes them this year's worst-performing stocks in the Dow. Given the market's positive performance, it's jarring to see these losses.

Is the market giving a signal to stay away from these stocks? Or are these companies misunderstood, creating a buying opportunity? It's time to take a closer look at the fundamentals of each.

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Source Fool.com