1 S&P 500 Stock to Buy Before It Soars 105% in 2024, According to a Wall Street Analyst
The S&P 500 advanced 24% in 2023, its third-best annual performance of the past decade. Those gains were largely confined to the technology, communications services, and consumer discretionary sectors. The Magnificent Seven stocks factored heavily into that outcome, as did excitement about artificial intelligence.
Meanwhile, the other eight market sectors underperformed the S&P 500. The utilities, energy, and consumer staples sectors actually declined as investors rotated away from defensive industries, and the healthcare sector was flat as falling demand for COVID-19-related products weighed on certain vaccine makers.
Listed below are the 10 worst-performing S&P 500 stocks in 2023, ranked from biggest decline to smallest decline. All but two stocks came from underperforming sectors.
Source Fool.com
