Apple and Snowflake Are Among the S&P 500’s Weakest Stocks. Why They May Rebound.

Some of the worst stocks to start the year could become the best as the market recovers. Many of them are found in the technology and consumer-discretionary sectors.

Five of the best examples are Apple (ticker: AAPL), Snowflake (SNOW), Home Depot (HD), Lowe’s ( LOW ), and Lululemon Athletica (LULU). Those dropped between 27% and 67% (Snowflake) from end of 2021 through the broader market’s then-2022 low in the early summer. At that point, the S&P 500 had fallen only 23%. The problem for the market was that the Federal Reserve was beginning to lift short-term and long-term interest rates to reduce high inflation by lowering economic demand.

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