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Global uncertainty is never good for investors, especially if you are a new investor. During such times, experts suggest going for large and mega-cap stocks as these are more stable and less volatile.
However, such stocks are out of the reach of most investors because of their high price. Thus, it is recommended to go for such stocks when they are down as they are more likely to offer good returns in the long run. So, let’s take a look at the ten worst performing mega-cap stocks in Q1 2022.
We have used the quarterly return data (from finviz.com) of the mega-cap stocks to rank the ten worst performing mega-cap stocks in Q1 2022. Here they are, in reverse order.
Founded in 1849 and headquartered in New York, Pfizer (NYSE:PFE) is a biopharmaceutical company that advances wellness, prevention, treatments, and cures for the most feared diseases.
Its shares are down almost 10% year-to-date but are up almost 43% in the last one year. Pfizer shares are currently trading over $53, with a 52-week range of $36.96 and $61.71. The company reported revenue of over $81 billion in 2021.
Walt Disney Company (NYSE:DIS), which was founded in 1923, is a family entertainment and media company that operates through its Disney Parks, Experiences and Products (DPEP) and Disney Media and Entertainment Distribution (DMED) segments.
Shares of the Burbank, CA headquartered company are down almost 15% year-to-date and over 29% in the last one year. Shares of Walt Disney are trading over $132, in a 52-week range of $128.38 and $190.40. Revenue in 2021 for the company was reported at over $67 billion in 2021.
Cisco Systems (NASDAQ:CSCO) offers Internet Protocol-based networking products and services for the communications and information technology. Founded in 1984 and headquartered in San Jose, Calif., Cisco reported revenue of over $49 billion in 2021.
CSCO shares are down almost 18% year-to-date, but are up over 1% in the last one year and are trading at over $52. CSCO's 52-week range is $50.10 and $64.29.
JPMorgan Chase & Co (NYSE:JPM), founded in 1968 and headquartered in New York, offers financial and investment banking services. Its shares are down almost 20% year-to-date and almost 16% in the last one year. JPMorgan shares are trading at over $127, within a 52-week range of $126.01 and $172.96. The company reported revenue of over $57 billion in 2021.
Founded in 1900 and headquartered in Abbott Park, Ill., Abbott Laboratories (NYSE:ABT), which reported revenue of over $43 billion in 2021, deals in a broad and diversified line of health care products.
Its shares are down over 15% year-to-date and almost 2% in the last one year. Shares of ABT are trading at over $119 within a 52-week range of $105.36 and $142.60.
Salesforce.com (NYSE:CRM), whose revenues reached over $26 billion in 2021, offers cloud-based enterprise software for CRM (customer relationship management).
Founded in 1999 and headquartered in San Francisco, Salesforce also offers guidance, support, training, and advisory services. Its shares are down almost 23% year-to-date and over 14% in the last one year. Salesforce shares are trading over $196, and have a 52-week range of $184.44 and $311.75.
Founded in 1964 and headquartered in Beaverton, Ore., Nike (NYSE:NKE) revenue came in at over $44 billion in 2021. The company deals in athletic footwear, apparel, accessories, equipment, and services.
Its shares are down over 23% year-to-date and almost 4% in the last one year. Shares of NKE have been trading at over $127, within a 52-week range of $116.75 and $179.10.
Founded in 2006 and headquartered in San Francisco, Twitter (NYSE:TWTR) offers social networking and micro-blogging services through its app. Its shares are up over 6% year-to-date but are down over 34% in the last one year.
Shares of TWTR are trading over $45, and it has a 52-week range of $31.30 and $73.34. The company reported revenue of over $5 billion in 2021.
Atlanta, GA-headquartered Home Depot (NYSE:HD), was founded in 1978 and sells building materials and home improvement products, decor products, lawn and garden products and more.
Its shares are down over 25% year-to-date and over 3% in the last one year; currently, trading over $310, within a 52-week range of $293.59 and $420.61. The company reported revenue of over $151 billion in 2021.
Formerly known as Facebook, Meta Platforms (NASDAQ:FB) develops and operates social media apps, including Facebook, Instagram, Messenger, WhatsApp and more.
Founded in 2004 and headquartered in Menlo Park, Calif., FB shares are down over 36% year-to-date and over 25% in the last one year. Meta Platforms is currently trading at over $215, and it has a 52-week range of $185.82 and $384.33. The company reported revenue of over $115 billion in 2021.
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