Should You Buy the 1st Half's Worst-Performing S&P 500 Stock?
To get ideas for new investments, investors can either look at recent outperformers to capture growth momentum, or recent underperformers in hopes of catching a turnaround.
Looking at the latter type, the worst-performing stock of the S&P 500 in the first half of 2024 is, literally, a household name.
This stock declined 54% through the first half. After that terrible performance, this company's dividend yield has grown to a whopping 9%, in spite of that payout having already been cut by 48% earlier this year. After the stock's thorough drubbing, this company trades at only 3.7 times this year's earnings guidance.
Source Fool.com
