FYI: Dozens of stocks remain stuck in bear-market territory even as the U.S. stock market has charged to records, reflecting a disconnect that shows a robust economy hasn’t offset trade jitters for many American conglomerates.
The trade fight has weighed particularly hard on shares of industrials and materials companies, which account for about one-fifth of the 80 stocks in the S&P 500 that have tumbled at least 20% from their 52-week highs—the common definition of a bear market.
Motorcycle manufacturer Harley-Davidson Inc., appliance maker Whirlpool Corp. , tool company Stanley Black & Decker Inc. and machinery builder Caterpillar Inc. are among the biggest stocks that have slumped more than 20%, largely due to trade-related woes. Many of the companies that missed out on the broader rally have said trade tensions have raised their costs, damped their profit outlooks or forced them to scrap projects.
Regards,
Ted
https://www.wsj.com/articles/meet-the-bear-market-stocks-hiding-in-s-p-500s-record-run-1537781403
