These 5 Name Brand Stocks Plunge To New Lows

The financial/business media is so excited by NVIDIA
NVIDIA

SPDR Dow Jones Industrial Average ETF Trust
and artificial intelligence that you might have missed it that quite a few well-known, name brand companies have stocks with prices headed down, not up. These aren’t small caps either, they all have market caps in excess of a billion dollars.

Not everything that’s traded on Wall Street is hot right now, that’s the point. Each of these have factors unique to the situation and it’s not apparent that lower interest rates, for example, is the solution to their problems. Not is it apparent that AI might lead to sensational productivity gains for them — otherwise, the stock price would show it.

Becton Dickinson
Becton Dickinson
and Company.

Now it’s trading at a lower price than the November 2023 low. Market capitalization for the medical equipment company is $65.73 billion. This year’s earnings are up by 6.83%. Earnings growth over the past 5 years is 52.43%. The stock trades with a pric-earnings ratio of 50 and at 2.57 times book value. Becton pays a 1.63% dividend.

Caesars Entertainment.

The casino/resort company has a market cap of $7.42 billion. Earnings this year are down by 98.45% and up over the past 5 years by 24.50%. The company has debt that amounts to 5 times its shareholder equity. It’s trading at 1.64 times book with a price-earnings ratio of 9.41. Raymond James last week initiated a “strong buy” on Caesars with a price target of $55.

Molson Coors Brewing.

Now trading below the late October/early November spike down, this name brand brewing company has a market cap of $11.33 billion. This year’s earnings are up by 4.39%. Earnings over the past 5 years are off by 3.26%. It trades at a 14% discount from book value with a price-earnings ratio of 9. Citigroup
Citigroup
last month downgraded the stock from “neutral” to “sell.”

Walgreens Boots Alliance.

Market capitalization for the pharmaceutical retail firm is $13.50 billion. The stock is trading at its book value. Earnings for this year are down by 19.16%. The company’s debt-to-equity ratio is 2.57. Walgreens Boots Alliance pays a dividend of 9.33%. In February, HSBC
HSBC
Securities downgraded the equity from “hold” to “reduce.”

Whirlpool.

In late April, the stock dropped below the late October 2023 low and has stayed below it. The appliance and furnishings company is showing a 22% drop in earnings this year. The amount of the debt load is 3.5 times that of shareholder equity. Whirlpool pays a dividend of 8.02%. Loop Capital in February initiated a “buy” on the stock with a price target of $140.