Like bargains? Sure, we all do, especially when those bargains come in the form of stocks that have gone "on sale" as a result of a sell-off. Not every name that takes a dip, however, is necessarily a bargain worth buying into. Sometimes these stocks have sold off for good reason.
With that as the backdrop, here's a rundown of last month's biggest losers among the S&P 500 's (SNPINDEX: ^GSPC) constituent companies. These three names are all cheaper now than they were as of July, but are they actually worth stepping into at these lowered prices?
In most months the market's biggest losers tend to illustrate a broader theme. August, however, was an exception to this norm. The S&P 500's big laggards from last month are industrial technology outfit IPG Photonics (NASDAQ: IPGP) , pharmaceutical company Perrigo (NYSE: PRGO) , and carmaker General Motors (NYSE: GM) , down (respectively) 22%, 15%, and 14% versus the S&P 500's August gain of nearly 3%. All tumbled for relatively unique reasons that have to be examined on a case-by-case basis.
For further details see:
Is It Time to Buy the S&P 500's 3 Worst-Performing August Stocks?