The bulls are running on Wall Street, and stocks that comprise the broadest measure of the large-cap domestic market, the S&P 500, now collectively trade at their highest level in more than five years. Many of the gains we’ve seen of late have come over the past six months, with the S&P posting a total return of 11.9% over the past half year.
That performance is impressive, but what’s not so impressive are the cellar dwellers keeping the index from doing even better.
For investors, holding on to losers while the rest of the market is making multi-year highs is most definitely not a very good feeling, nor is it sound portfolio management. To correct this situation, you need to take action, and that means you need to identify the worst of the worst stocks out there—and then summarily sweep them out of your portfolio.
So, which stocks represent the biggest dogs in the S&P 500 over the past six months?
Here are the dirty dozen sitting at the bottom of the barrel that you need to sell now.