It's been anything but a banner year for the broad market. But veteran investors know the 21% setback the S&P 500 has suffered in 2022 so far is ultimately a buying opportunity -- stocks will eventually recover.
Simply stepping into the market's most beaten-down names when the notion strikes you, however, isn't exactly a solid strategy. The worst-of-the-worst performers are often leading the bearish charge for a reason and could continue to struggle even if the broad market turns bullish. Take the S&P 500's three worst-performing stocks of 2022 as an example.
As of the Oct. 5 close, the S&P 500's biggest year-to-date losers are Match Group (NASDAQ: MTCH) , Carnival (NYSE: CCL) , and Align Technology (NASDAQ: ALGN) . Shares of dating app giant Match as well as Carnival are both down 61%, while orthodontics outfit Align has shed 65%. Yikes.
For further details see:
Should You Buy the S&P 500's 3 Worst-Performing 2022 Stocks?