Too many large-cap names are trading like distressed midcaps. Price action looks structural. This isn’t earnings season noise. It’s repricing. Dozens of high-quality stocks now trade near their 52-week lows. Some are breaking below. Others are just holding sideways. Consumer, pharma, defense, staples, transport, semis, luxury, all involved.
Fair Isaac ($FICO) is sitting at $1,540. Down 36% from its $2,402 high. Price-to-earnings sits near 66. Net margins hold near 30%. Net income last quarter was $577M. Revenue guidance is flat. Valuation still stretched.
LVMH ($LVMH) prints €550. That’s roughly $599 USD. Off nearly 38% from its peak. EPS at €15.11. Q2 numbers land July 24. Euro retail has slowed. American buyers pulled back. Inventory piled up.
Lockheed Martin ($LMT) dropped to $460. PE is 19.9. Yield is 2.8%. Net margins sit near 10%. Last quarter delivered $7.28 EPS. Defense funding remains intact. Sentiment doesn’t.
Thermo Fisher ($TMO) sits at $415. It’s down 34% from its $628 high. PE near 23.7. Yield just above 0.4%. Lab demand is stable. Guidance muted. Q2 results due July 23.
Adobe ($ADBE) trading $365. No dividend. PE at 23.4. Top line still growing. Margins are wide. But there’s no multiple expansion. Retail money pulled out.
Home Depot ($HD) at $360. PE near 24.4. Yield around 2.56%. EPS in last print was $7.28. Housing data is weak. Repair volume steady. No guidance bump.
Elevance Health ($ELV) down to $280. Drawdown over 55%. PE under 12. Dividend yield above 2.5%. Medical membership dropped last quarter. EPS landed at $8.84. Analysts project $30.00 for FY2025.
UnitedHealth ($UNH) also near $280. Similar profile. Guidance suspended in May. DOJ probe ongoing. Net margins still strong. Q2 earnings due July 29.
Accenture ($ACN) hovering at $280. PE is 27.0. Yield at 1.69%. Q3 missed top line. Guidance held. Market sold it anyway.
Lululemon ($LULU) prints $230. PE down to 15.2. EPS near $7.81. Q1 revenue soft. Inventories rising. If it breaks $220, positioning will flip hard.
FedEx ($FDX) trades at $225. PE at 13.3. Yield above 2.5%. EPS last quarter was $7.28. Volume slow. Margins thin. No retail momentum.
Lowe’s ($LOW) at $220. Same setup as HD. PE 18.3. Yield 2.19%. Guidance mixed. No new catalysts.
Constellation Brands ($STZ) sits at $170. EPS near $7.81. PE around 21.8. Yield about 1.6%. Liquor demand isn’t falling. But retail investors pulled exposure.
Old Dominion ($ODFL) down to $160. PE at 30.6. EPS near $7.81. Freight weak. Margins still best-in-class.
Procter & Gamble ($PG) flatlined at $155. PE at 24.6. Yield above 2.7%. Defensive positioning intact. No growth story.
Qualcomm ($QCOM) sitting near $155. PE around 16.2. Yield 2.3%. EPS stable. Chip pricing pressure still there.
PepsiCo ($PEP) pulled to $143. PE near 26.1. Yield above 3.9%. Brand strength holding. Stock can’t lift.
Kimberly-Clark ($KMB) dropped to $128. PE 17.3. Yield 3.95%. Margins compressed. Distribution costs up.
Coca-Cola Consolidated ($COKE) landed near $112. PE near 28.1. Yield 2.9%. No earnings growth. Just defensive flow.
Canadian National Railway ($CNI) hitting $100. Freight data weak. PE 20.1. Yield 2.62%. EPS flat.
Target ($TGT) dropped below $103. PE just 11.2. Yield over 4.4%. EPS stable. Traffic falling.
Diageo ($DEO) at $103. PE 15.9. Yield above 4.0%. Branded sales dipped. Volume flat.
Deckers ($DECK) at $102. PE 16.6. EPS around $7.81. Margins still strong. Seasonality soft.
UPS ($UPS) fell to $99. PE 14.4. Yield 6.6%. No growth. Just yield and downside risk.
Colgate ($CL) at $86. PE near 24.6. Yield 2.4%. EPS flat. Guidance minimal. Selling pressure remains.
Merck ($MRK) lost ground to $80. PE 11.5. Yield 4.0%. Pharma weak. Pipeline stalled.
The Trade Desk ($TTD) hovers near $80. PE almost 98. No dividend. Growth slowing.
Novo Nordisk ($NVO) pulls down to $64. PE 19.1. Yield 2.6%. GLP-1 cycle peaked. Sales softening.
Rio Tinto ($RIO) sits near $60. PE at 8.8. Yield 6.6%. Iron prices holding. No momentum.
General Mills ($GIS) dropped to $50. PE 12.0. Yield near 4.9%. Staples are being sold.
Occidental ($OXY) at $43. PE 17.4. Yield 2.2%. Oil stable. Volumes down.
Comcast ($CMCSA) touched $34. PE 8.6. Yield near 3.8%. Weak subs. Ad decline still present.
Centene ($CNC) dropped to $27. PE 4.1. No dividend. EPS at $7.81. Medicaid margins narrowed.
Kraft Heinz ($KHC) holding $27. PE 12.5. Yield 5.7%. Debt load heavy. Cash flow stable.
Pfizer ($PFE) stuck near $24. PE 17.6. Yield above 7.0%. COVID boost gone. Pipeline weak.
BCE ($BCE) cut to $23. PE near 83. Yield 5.4%. Debt-heavy. No earnings beat in sight.
Intel ($INTC) landed at $23. PE not viable. Guidance pulled. Retail stepped out.
Walgreens ($WBA) bleeds down to $11. PE broken. No dividend. No profit.
NIO ($NIO) stalled near $4. PE negative. Revenue falling. Units slowing.
Over 40 names trading like this now. Some will return. Most will drift. The levels are real. Entry points vary. Risk is active.
Disclaimer: This post is for information only. Not financial advice. Always do your own research before investing.